Reported 1 day ago
Jim Cramer emphasizes that investing in Costco Wholesale Corporation (COST) is wise, citing its commitment to keeping prices low and its resilience in the retail sector. He pointed out the company's effectiveness in competing against high-priced rivals like Lululemon, crediting former CFO Richard Galanti for instilling cost-control strategies that have kept consumer prices down. Despite recent struggles, Cramer's remarks highlight Costco's strong market position and the potential for future growth.
Source: YAHOO