Where Will Costco Stock Be in 5 Years?
Costco Wholesale (NASDAQ: COST) has become one of the more notable retail success stories of the early 21st century. The retail giant has expanded to nearly every state and numerous countries across the world, finding success in places where other peers failed.
Admittedly, the stock's rich price-to-earnings (P/E) ratio of 36 makes it more expensive than all of its peers except Amazon. That may have prompted Warren Buffett's Berkshire Hathaway to exit its Costco position even though Buffett partner Charlie Munger sits on Costco's board.
Nonetheless, given its ability to grow in nearly every environment, investors should feel optimistic about Costco's long-term growth prospects. Here's why.
Source Fool.com
