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Is Costco Stock Finally Cheap Enough to Buy?

TheMotleyFool

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Is Costco Stock Finally Cheap Enough to Buy?: https://g.foolcdn.com/editorial/images/873407/person-pushing-a-wagon-with-a-child-in-a-warehouse-store.jpg

Costco Wholesale (NASDAQ: COST) has historically been an expensive stock to buy. The company is so reliable for top performance that the stock's premium was worth it. However, as it surpassed 60 times trailing 12-month earnings, it was starting to look too pricey.

Indeed, the stock is flat since it hit that high, although it's had ups and downs in the middle.

That P/E ratio may have been a signal for a correction. But at 49 times trailing 12-month earnings, is Costco stock finally cheap enough to buy?

Source Fool.com

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