Anyone got any Costco shares? I’m considering buying some but thinking I might try and wait for a better entry point. Any thoughts on whether it’s worth just diving in or should I wait?
I have held Costco for a few years. This writeup probably convinced me - I like the model Amazon-Prime-like membership and loyalty. I think that stock price movements are more or less random to the average retail investor like me, so I don’t really have a view on entry points.
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I personally have a membership and love it, it just seems to be up a bit at the moment and I’m thinking it might be worth hanging on for a better entry point.
Costco have incredible membership loyalty and have managed to find the price point where it’s as much an IQ test as it is a decision.
I don’t however like how much the stock has been riding up of late. Simply Wall Street have it slight under valued by ~15% but I don’t like the P/E of 41.
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Thanks Neil, I would be more comfortable with it being in the £400’s just sitting slightly too high for me, wish I had invested sooner! Only hope is it comes down at some point.
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I’ve found a few comaknies over the years that I wanted to buy but just couldn’t justify the price. It’s a shame but paying for steak and getting a kebab isn’t good your pocket!
The sector has to work against the ongoing supply chain issues and 7%+ inflation. If they get it right they could justify their valuation but if not it’ll tumble back down to the $400’s quickly
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Yes completely agree! Thanks for the guidance, think I’ve made up my mind to wait, good chance it might drop a a bit and that’s when I’ll pounce!
I think we’re signing for the same hymn sheet. Back at $400ish is probably worth a serious look.
I often wonder if I should log the investments I don’t make and see if there is anything instructive - did I get it right or wrong and what can I learn form the decisions .
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I almost bought ITM power at it’s high of over £5 but decided not to buy and then the drop came and I got the shares at £2.50. So glad I waited but it’s that whole FOMO, you think should I just go for it! Patience is a virtue as they say.
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Down a little in afermarket…
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Costo released their earnings today:
Costco releases reports every month. It’s one of the few companies that does this and as consequence the SP might only move slightly on the quarterly reports.
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