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Strategies & Market Trends : Value Investing

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To: - with a K who wrote (17547)	8/8/2003 5:30:03 PM
From: Jurgis Bekepuris	Read Replies (1) of 78958

>> I can't understand why the store keeps the fee if all people recoup it. >Because 19.7 million members paying $45 means $866 million annually! Ahh, there's the rub! Then it means that the people don't "recoup it" :-P Consider this: if all people recoup the fee, Costco could eliminate the fee, raise the prices by ($866mln/yearly_revenue) percentage and come out even with prices still lower than the competitors'! (by the logic that the all fees are recouped and people still end up ahead from buying somewhere else) Jurgis - lies, damn lies, and membership clubs :-)))) JMHO and see the smilies!

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