Shares of This Safe Consumer Goods Upstart Have Doubled This Year
During a recession, it's reasonable to expect certain specialized retailers to enjoy an uptick in business, and shopping club warehouses certainly fit this expectation in the current pandemic-induced economic malaise. BJ's Wholesale Club (NYSE: BJ), the small, regional challenger to Costco and Walmart's Sam's Club, has enjoyed a sales renaissance through the first two quarters of 2020. And as of this writing, BJ's stock is up roughly 103% year to date -- a clean doubling since the 1st of January.
BJ's success shouldn't ward off prospective shareholders, however. The company is utilizing the sudden pop in its fortunes to fortify future sales and improve net profitability. And as we'll discuss below, despite its steep ascent, BJ's stock hasn't yet landed in "overvalued" territory.
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Source Fool.com
