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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Harshu Vyas who wrote (75118)	2/12/2024 4:58:08 PM
From: Spekulatius	1 Recommendation Recommended By Harshu Vyas Read Replies (1) \| Respond to of 78740

I used to own PSMT (post COVID) because it was cheap for a while and I thought it should recover. The reason the dock did nothing for 10 years is because fundamentals are way worse than COST and the stock was expensive to begin with post GFC. That was the time of the BRIG boom. PSMT operates in economies that have generally been volatile and have struggled. While the business model is the same than COST, the economics are worse and way more volatile and that’s why the stock does not deserve a Costco multiple.

To: Harshu Vyas who wrote (75118)	2/13/2024 2:53:00 PM
From: Madharry	Respond to of 78740

I quickly perused the video. thanks. It is vastly different from costo, more like what sam's club was like when i went there a decade ago. Costco is less like a warehouse and more like an upscale shopping experience . high quality products and novelty items. I am sure they make a lot of money on private branding- liquor and cosmetics and even their pharmacy operation. I switched getting my prescriptions to costco because I know I am gonna be there at least once a week. the only advantage this psmt seems to offer is for bulk purchasing and that is a much more limited market than what costco caters to. My in-laws purchase their meat from costco not because it was cheaper but because they felt the quality was better. Stocks are taking it on the chin today STWD is back to being a bargain but I own a ton of it. I added to LADR getting the 9% distribution which management claims is sustainable. they also have lots of dry powder to deploy.