Is Costco Stock Worth Paying Up for?
People like dependable stocks during turbulent markets, and big-box retailer Costco Wholesale (NASDAQ: COST) has undoubtedly been reliable for shareholders. The financial crisis in 2008-2009 was the last time the stock declined more than 40%, and it's currently just 10% from its high despite the broader market's 14% decline in 2022.
However, what feels safe might not always be the best investment. Consider this important fact before putting new money into Costco stock.
Costco is famous for its great deals, including its legendary $1.50 hotdog-and-soda combo meal. Warren Buffett's right-hand man, Charlie Munger, is a longtime shareholder and even serves on the board of directors to this day.
Source Fool.com
