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$68.44 1.08 (1.60%)
9/5/2008 4:00 PM

Costco Wholesale Corp (COST)

CAPS Rating:
****

The Company operates membership warehouses that offer low prices on a limited selection of nationally branded and selected private label products in a range of merchandise categories in no-frills, self-service warehouse facilities.

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Recs

5

Avatar owshx (< 20) Submitted: 6/19/08 5:16 PM : Outperform Start Price: $70.50 COST Score: 7.58

Costco, Big Lots, and Wal-Mart are all going to move upward onward for as long as gas prices keep climbing, the housing market is in the dumps, and the dollar keeps dropping. The middle/lower class are starting to feel the pain in their wallets. Some think that this US economic slowdown will be short-lived, and if we start using less gas OPEC will drop prices. Sorry, WRONG, growing demand in developing countries (Brazil, Russia, China, India...) is greatly outweighing any US slow down in fuel consumption.

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