If You Buy Costco Stock With $10,000 Today, I Predict It Could Be Worth $13,400 in 5 Years
In the past five years, Costco's share price has more than doubled.
Overview
Through its 928 global warehouses, Costco (NASDAQ: COST) sells a vast array of merchandise at extremely low prices. This is a boring business model. However, it has rewarded long-term investors.
The company's share price has climbed 112% over the past five years (as of Aug. 26). It has crushed the overall market. It's hard for investors not to be bullish, with an eye toward the future, even though it's time for a reality check.
Details
If you buy this retail stock with $10,000 today, I predict it could be worth $13,400 in five years. Here's why.
Source
Originally published at www.fool.com.
Related Articles
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.