When I Try to Imagine the Best Investment Opportunity for the Next 10 Years, Costco Stock Just Doesn't Make the Cut. That's Why I Keep Coming Back to This Stock.
Costco is a great company and a reliable dividend stock, but it lacks one vital piece: value. This stock has that and more.
Overview
There's a difference between a company and its stock. Costco (NASDAQ: COST) is a great example of the dichotomy. It is a well-run company, but the stock is very expensive. Paying too much for a great company can turn it into a bad investment. I just can't see owning Costco for the next decade.
However, McCormick (NYSE: MKC) is a well-run company with an attractive valuation. In fact, I recently initiated a position in the stock. Here's why I think McCormick is a better investment opportunity over the next 10 years than Costco.
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Originally published at www.fool.com.
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