Is Costco Stock an Obvious Buy Right Now?
Costco's business is humming, but the stock's valuation may still be the real risk.
Overview
Shares of Costco Wholesale (NASDAQ: COST) have been terrific for long-term investors. Over the past five years, the stock is up 110%, beating the S&P 500's 73%. But over the past year, Costco has been roughly flat, while the index is up 19%; valuation has been a factor in that relative performance.
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The business is doing great. Third-quarter sales rose 11.6% year over year, and comparable-store sales were up a healthy 6.6% once you strip out gas prices and currency swings in international markets.
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.