Costco Costs More Than $920 a Share. Here's Why I'd Still Buy One.
The warehouse club operator is a bargain, even if its price tag and valuation might seem high.
Overview
It's not just Costco's (NASDAQ: COST) packaged merchandise trading in large sizes. The leading warehouse club operator also has a bulk-size price. Costco closed at $922.77 on Friday. Don't let the large price dissuade you.
You would need to shell out more than $92,000 to buy a round lot of Costco, but don't let the steep potential cover charge dissuade you. Your broker may offer fractional shares, but even if that's not the case, a single share for a little more than $920 could set you up nicely for the years ahead.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.