Costco, slow but sure? Message Board

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Non-Tech : Costco, slow but sure?

COST 923.83

-1.2%

Nov 6 3:59 PM EST

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To: Bill Wexler who wrote (726)	1/29/1999 6:50:00 PM
From: Bill Wexler	Read Replies (2) of 1147

Another record high for Costco (COST). I'm slapping my head in disbelief...it must be my dumb luck. Silly me, I keep clinging to that old fashioned notion that buying an exceptionally well-managed retailer that can produce $100,000,000 in sales per location, has a near-fanatical customer base willing to pay yearly annual dues for the privilege of shopping there, and gets newspaper articles written about the traffic jams that appear when new stores open is probably a good bet. Interesting to note that COST will blast through $20 Billion in annual revenue, over 1/2 Billion in profits, has 1/2 Billion in the bank, minuscule debt, and a spectacular return on invested capital. Current market cap for Costco: $18 Billion Current market cap for money-losing book peddler Amazon: $19 Billion P.S. Yes...there is a Costco.com...and I can assure you that it isn't losing money.

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