5 Reasons Costco Stock Deserves a High Valuation
Costco Wholesale (NASDAQ: COST) shares have been on a strong multiyear run, but have pulled back slightly recently, making it a good time to take a look at the stock.
Investors will get to see the retailer's fiscal fourth-quarter results tomorrow. The company already reported net sales growth for the period of 8%, previewing what's likely to be another strong quarter for the wholesale retailer. The warehouse club specialist's model -- members paying annual fees for access to low prices and high volumes -- keeps momentum steady even when the consumer is choosy. The question worth pondering ahead of the report is how much of that strength should be reflected in today's price.
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Source Fool.com
