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7 days agoI wonder if Costco stock is a good buy right now. Currently $937 up from $300 in 2020. A P/E of 55, with 0.5% annual dividends paid quarterly.
With the new risk of being targeted by MAGAs for a boycott, I could see that being a problem. I don’t think Costco’s survival as a corporation depends on its stock. They do stock buybacks, which is going to be artificially inflating the price a bit.
If it drops significantly, I could see it being worth the pickup. Maybe I’ll sell some long put options.
They really need to change how market cap is calculated. Even a linear function going to zero as the last share is sold would be better. I wonder.