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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (17532)	8/7/2003 4:03:51 PM
From: richardred	Read Replies (1) of 78951

IMO-long term very solid. I truly believe warehouse clubs are here to stay. Wal-mart knows it, or they wouldn't have opened up Sam's Club. Consumer Suppliers Like P & G and Gillette know it to. A bigger % of their sales are now being captured by wholesale clubs. Most likely at the demise of Grocery chains. IMO-Costco is well established, solid and here to stay. Why?- Walmart doesn't want to lose regular store sales at the expense of it's wholesale club. Therefore Costco can compete on margins without having to worry about losing regular retail sales. They however still do have BJ's to compete with . My own favorite Caveat: "Listen to what others have to say, but do what you think is right yourself" RR

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