“BTW...if one wants to share in Costco’s profits, one can buy Costco stock like everyone else.”
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With a P/E over 50? How many years of earnings would it take to break even on your investment? Costco has terrible valuation metrics. No thanks.
I thought the same thing when I bought it 4 years ago. And it’s more than tripled. Costco is a growth stock, not a value stock. Gotta pay to play, but it’s worth it.