Is Costco Stock Finally Cheap Enough to Buy?
It's down this year as the S&P 500 rises.
Is Costco Stock Finally Cheap Enough to Buy?
Overview
Costco Wholesale (NASDAQ: COST) has historically been an expensive stock to buy. The company is so reliable for top performance that the stock's premium was worth it. However, as it surpassed 60 times trailing 12-month earnings, it was starting to look too pricey.
Indeed, the stock is flat since it hit that high, although it's had ups and downs in the middle.
Details
That P/E ratio may have been a signal for a correction. But at 49 times trailing 12-month earnings, is Costco stock finally cheap enough to buy?
Source
Originally published at www.fool.com.
Related Articles
- 51% of U.S. adults say the American Dream is out of reach for most people right now: CNBC survey
- A massive 16% market swing just rocked South Korea over 24 hours. The retail ‘ants’ holding the wheel are driving dangerously.
- I’m 60, retired with $3 million. My fiancée, 55, has $1 million but plans to work for the next 10 years. Are we compatible?
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.
