“Gotta pay to play, but it’s worth it.”
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At this price you’re paying dearly.
COST has had a run up of about 90% over the past two years. Its been a great stock, no question. But at this point its become momentum driven as its fundamentals are deteriorating.
Nothing wrong with buying growth at a reasonable price mind you, but Costco has gotten overly expensive in terms of many metrics.
I can understand you sticking with it but I’d never invest in it at this price level. Its hard to make a good return when overpaying for anything.
Best of luck to you.
I totally understand. But I’m a long-term investor. I have a 10 year timeline, and I think the company is poised for continued very strong growth.