Where Will Costco Stock Be in 10 Years?
In the past 10 years, Costco Wholesale (NASDAQ: COST) shares have been a huge market outperformer, rising 700% since February 2014, including dividends. Strong fundamentals have propelled this eight-fold return. If you were smart enough to have purchased shares back then, a big congrats to you.
I'm sure the hope is that a repeat performance is in the cards. So where will this leading retail stock be a decade from now? The answer might surprise you.
One of the key reasons that the retail industry is so difficult to find lasting success in is because of how low margins are. There's a constant battle going on between customers and merchants. The former want prices to be as low as possible to obtain the best value, while the latter wants higher prices to cover expenses and to earn a profit.
Source Fool.com
