Costco Has Grown Its Membership Base no Matter What the Economy Has Done. Does That Make It a Forever Hold?
Costco runs an unstoppable membership growth machine, but investors should consider if that advantage is already priced into the stock's valuation.
Overview
Costco Wholesale (NASDAQ: COST) stock has been a long-term winner, delivering a 481% return over the last decade. Its paid membership base has increased every year, including during the brief recession in the second quarter of 2020.
That consistency makes Costco easy to label a "forever hold." The real question, though, is whether today's valuation makes it a good buy right now.
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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.