Where Will Costco Stock Be in 3 Years?
Costco (NASDAQ: COST) isn't your typical retailer -- it is actually a club, with membership fees. This fact changes the entire equation as you look at the stock. That is why, in three years time, Costco is likely to be just as great a place to shop as it is today. But here's how you can tell if that's actually the case.
Although anybody willing to pay Costco's membership fee can shop at one of its stores, people who have not paid the fee cannot shop there. In fact, the retailer recently put in place steps to wean out people who were borrowing cards from actual club members. The goal wasn't really to stop people from buying, but to boost memberships. Still, the point is pretty clear. You have to pay to play -- or shop in this case.
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Source Fool.com
