Valuation in mid-30s has always been outside his comfort zone. One misstep creates a lot of air beneath it. Great model, as 90% of earnings come from membership fees. He'd buy on a lower multiple. Confidence in long-term leadership.
Model price of $255, negative 42%. No history of stock splits. Would have to get back to $277 before he'd be even remotely interested. Consumer discretionary will get hurt in a recession. A lot of air will come out. Earnings today after the close.
75% of their business is recurring membership fees that may rise this summer. A stellar company with a good balance sheet. It's on her list. Trades at 31x and down 27% YTD, so it's getting interesting.
(A Top Pick Feb 25/21, Up 55.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with COST has triggered its stop at $520. To remain disciplined we recommend covering the position at this time.
Dominant name in the mass merchant space. Strong loyalty in both US and Canada, renewal rates of 90%. Clear leader in cost leverage, procurement strength, and store efficiency. Rising fuel costs and inflation make the name more attractive to customers. A bit pricey, but a great name for the valuation. Yield is 0.67%. (Analysts’ price target is $598.17)
Believes is an excellent company with great execution.
39x trading multiple is hard to justify investment.
Would wait to buy on weakness.
Good stock to hold on the long term.
Benefits from prices going up. Same store sales have done well. Not a cheap stock. Very effective operators. Buy on pullbacks, but he's buying here as well.
(A Top Pick Feb 25/21, Up 76.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with COST is progressing well. We now recommend trailing up the stop (from $470) to $520 at this time.
(A Top Pick Jun 04/21, Up 44%) He loves it. The model of selling premium memberships makes so much which offsets the lower spreads on merchandise. Great managers. They're smart on locating stores. There's still a lot of room to expand. He's a big fan.
What is Costco Wholesale Corporation stock symbol?
Costco Wholesale Corporation is a American stock, trading under the symbol COST (previously COST-Q on Stockchase) on the NASDAQ (COST). It is usually referred to as NASDAQ:COST or COST