Costco, slow but sure? Message Board

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Non-Tech : Costco, slow but sure?

COST 943.20

+0.2%

10:57 AM EST

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To: Toby Zidle who wrote (764)	11/11/1998 3:01:00 PM
From: WalleyB	Read Replies (1) of 1147

I agree with everything you said and believe it applies to stocks in general. It may well apply to COST and I hope it does. I should have said that under certain conditions institutions of late have changed their thinking and are opting to sell off their stocks because of the buy back announcements. I can't remember where I read that or under what conditions the dimmer view is taken. Seems to me it might have been in IBD. However I think one of the changes in the thinking has been that the market is too iffy these days and institutions are not taking a chance on what the company's motives are for buying back the stock. COST is talking about using the stock to offer it as an incentive to its employees, that may be the reason folks are cool to the stock right now. One thing is certain its sinking again since the announcement has had time to sink in, at least it would appear that way. At any rate I mentioned it to get some feedback and thank you for your contribution. jim

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