Costco Stock (COST) Offers No Meaningful Appeal at the Current Price
Costco Wholesale (COST), popularly referred to as just Costco, is a well-known big-box retail store chain that sells items in bulk and offers household products and groceries at a discount.
When consumers anticipate unfavorable world events that might hinder supply-chain activity, such as the COVID-19 pandemic, they’ll frequently panic-shop at Costco. The company has evidently benefited from some unfortunate recent developments in the world, and that will likely limit future upside potential. Costco has a high valuation and a low dividend yield. I’m neutral on COST, and it doesn’t look like a good month for investors to go shopping on Costco stock.
Costco and the Dock Workers’ Strike
Dock workers on America’s East and Gulf Coasts…
