(A Top Pick Mar 04/21, Up 73%) Benefited from pandemic, will benefit from higher food prices. Same store sales up 11%. High expectations, so expect stock to move down or sideways for a while. Great business that continues to grow. Good pricing power.
It reports Thursday. He loves shopping there and owning the stock. If there isn't a rise in membership and/or a special dividend announced, expects shares to momentarily dip--so buy.
Still likes it. Bit of a premium, for good reason. Membership renewals are 90%. Sales per square foot better than everyone. 200-day MA is sweeping upward. Buying opportunity with recent volatility. Great, defensive growth retailer.
Amazing company. He missed it. Not cheap enough for him to step in. He'd need it to fall another 15%. He'd love to own it. Great demographic. Consistent profitability, great execution.
(A Top Pick Jun 04/21, Up 24%) A great business model because it keeps bringing customers back, and not buying from them online so much. They endured the pandemic pretty well, but should continue to thrive after Covid.
Believes company is well run and a great business.
Lower stock prices are simply a correction.
Strong moat and competitive advantage.
Waiting for stock price to come down before will buy stock.
Buy on weakness.
Down 12% in the past month. Sells at 37x PE. It's both both a pandemic and non-pandemic play. It is the best retailer in the world and last reported unbelievable numbers.
(A Top Pick Feb 25/21, Up 47.8%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with COST is progressing well. We now recommend trailing up the stop (from $380) to $470
If a long term investor, hold the stock.
Believes company is the best retailer in North America.
Valuations may swing up and down, but good to keep owning the stock.
Company money is made from membership dues, not from product sales (low margins).
Zero chance that company will compete with Amazon.
Valuation is high, but still owns the company.
Excessive trading multiples are justified.
If you own the stock, stick with it.
Costco is exceptional business.
Valuation relative to peers stands out (higher).
Membership basis is very sticky.
Prefers Dollar Tree over Costco.
Wait to buy on market weakness.
Always looks expensive, as do all well run and successful companies. Just keeps appreciating in value, subject to the occasional whim of the markets. Great free cashflow generator, good balance sheet, habit of special dividends. Scale into it on dips. Lots of room to run for the long haul.
The brilliant Charlie Munger praised this recently. Customers trust Costco which has enormous pricing power--it can raise membership prices, but chooses not to in order to please loyal customers. That membership fee is a huge bargain. Munger thinks it's futile to compete with them, and they could rival Amazon online. They narrowly missed their recent quarter, so some Wall Streeters overreacted and sold. Definitely buy this. Long beyond the short term and look long.
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