Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Costco, slow but sure? -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (961)	10/12/1999 1:12:00 PM
From: Mel Fox	Read Replies (1) \| Respond to of 1147

All: Below is an excerpt from todays news on Costco that I found on the Yahoo Quote page! The article is a good read for longs! fnews.yahoo.com !~~~~~~~~~~~~~~~! Costco's stock has been rebounding from the overall retail retreat. However, at $83.94 it is still 11% off its 52-week high of $93.75 a share, which was made back in early April. Daniel Barry of Merrill Lynch took action after reviewing the earnings, and raised his rating to long-term 'buy' from long-term 'accumulate.' Jeffrey Edelman of PaineWebber believes the 12-month target is $91 a share, using a price-to-earnings in-line with the S&P 500. Bottom Line: A company the size of Costco should attract a price-to-sales ratio of one. If so, the stock would be worth $105 a share, or over 30% above its present price. !~~~~~~~~~~~~~! Good luck to all!