Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Costco workers authorize nationwide strike
KRONnews4 ^ | Jan 20, 2025 / 11:30 AM PST | Tony Kurzweil

Posted on 01/20/2025 11:59:42 AM PST by BenLurkin

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-39 last
To: V_TWIN

AGREED

THAT IS A SKILL


21 posted on 01/20/2025 12:26:46 PM PST by ridesthemiles (not giving up on TRUMP---EVER)
[ Post Reply | Private Reply | To 8 | View Replies]

To: V_TWIN

I’m going to credit the cake decorators with being skilled labor. And maybe the forklift operators and the mechanics in the auto section, although I know the services offered are basically tires and batteries.


22 posted on 01/20/2025 12:37:48 PM PST by married21 (As for me and my house, we will serve the Lord.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: rottndog

“BTW...if one wants to share in Costco’s profits, one can buy Costco stock like everyone else.”

*************

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.


23 posted on 01/20/2025 12:38:07 PM PST by Starboard
[ Post Reply | Private Reply | To 7 | View Replies]

To: Starboard

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.


24 posted on 01/20/2025 12:46:48 PM PST by bigdaddy45
[ Post Reply | Private Reply | To 23 | View Replies]

To: BenLurkin

DEI company can’t keep its leftist staffers happy.

Surprised?


25 posted on 01/20/2025 12:47:42 PM PST by Uncle Miltie (As we know, guilt or innocence is determined by relative light reflectivity.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: married21

I used their auto buying service once too. Probably not the absolute best price but I was out of the dealership in 2 hrs.


26 posted on 01/20/2025 12:58:21 PM PST by 31R1O (The people who can control themselves ought to be able to defend themselves from those who can't.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: BenLurkin

They are some of the mostly highly paid unskilled workers anywhere. As a member of this organization, I hope this backfires on them big-time.


27 posted on 01/20/2025 12:59:02 PM PST by The Truth Will Make You Free ( )
[ Post Reply | Private Reply | To 1 | View Replies]

To: 31R1O

I was in and out of the dealership in well under 2 hours.

Told them the total price I was going to pay, that I refused all their b.s. charges, and I had a check ready to go for the net. If they had any objections, I would walk.

They took the money.


28 posted on 01/20/2025 1:00:25 PM PST by Uncle Miltie (As we know, guilt or innocence is determined by relative light reflectivity.)
[ Post Reply | Private Reply | To 26 | View Replies]

To: 31R1O

Used it for my daughters out of state purchase... gets you directly to the Fleet Mgr and a set percent off invoice, so it cut out the add on’s to a unfamiliar female at the crooked Finance desk. Worth getting a written offer for if you want to shop it! ....ymmv


29 posted on 01/20/2025 1:11:49 PM PST by PalominoGuy ( )
[ Post Reply | Private Reply | To 26 | View Replies]

To: bigdaddy45

“Gotta pay to play, but it’s worth it.”

************

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.


30 posted on 01/20/2025 1:12:41 PM PST by Starboard
[ Post Reply | Private Reply | To 24 | View Replies]

To: BenLurkin

Want to deport illegals, h1b overstays and PRC spies, go to costco on the weekend!-)


31 posted on 01/20/2025 1:54:20 PM PST by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US:-))
[ Post Reply | Private Reply | To 1 | View Replies]

To: married21

“maybe the forklift operators...”

I drove a forklift......you can consider that unskilled. 😏


32 posted on 01/20/2025 1:59:38 PM PST by V_TWIN (America...so great even the people that hate it refuse to leave!ly)
[ Post Reply | Private Reply | To 22 | View Replies]

To: V_TWIN

It doesn’t take much skill to slice a steak 1 inch thick on one side, tapering to 1/4 inch at the other.


33 posted on 01/20/2025 2:40:50 PM PST by txeagle
[ Post Reply | Private Reply | To 8 | View Replies]

To: Starboard

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.


34 posted on 01/20/2025 3:13:30 PM PST by bigdaddy45
[ Post Reply | Private Reply | To 30 | View Replies]

To: Vermont Lt

The non-union workers are wstching to see how they are treated....that will spread the union as I forsee stupidity on the corpirate level unable to help itself.


35 posted on 01/20/2025 4:02:51 PM PST by If You Want It Fixed - Fix It
[ Post Reply | Private Reply | To 20 | View Replies]

To: If You Want It Fixed - Fix It

They just got a new CEO. Costco used to have a very customer focused leadership team. This new person is from Kohls (I think) and he is a “retail” bean counter.

Whenever I see a company turning their reins over to the beancounters, it’s usually means they are about to take a turn for the worse.


36 posted on 01/20/2025 4:11:44 PM PST by Vermont Lt
[ Post Reply | Private Reply | To 35 | View Replies]

To: V_TWIN
...the most skilled labor I ever saw in there were the butchers.

The butchers were likely the first union in.

37 posted on 01/20/2025 4:26:59 PM PST by T.B. Yoits
[ Post Reply | Private Reply | To 8 | View Replies]

To: bigdaddy45

I have a stock with a nose bleed P/E that’s about the same as COST. As with you its a long hold and I have dug deep into the company’s fundamentals and catalysts for continued growth so I too am comfortable with it despite its high valuation.

As a general rule I pay a lot of attention to valuation metrics as stocks have a strong tendency to revert to mean.

That said, I understand where you’re coming from.


38 posted on 01/20/2025 8:28:13 PM PST by Starboard
[ Post Reply | Private Reply | To 34 | View Replies]

To: Vermont Lt

Good point there. The beancounters often lack business acumen and managerial skills.


39 posted on 01/20/2025 8:31:36 PM PST by Starboard
[ Post Reply | Private Reply | To 36 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-39 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson