Reported about 1 month ago
Despite Costco's impressive business model and consistent sales growth, its stock currently trades at 55 times earnings, making it the most expensive retail stock in the S&P 500. While investors like Charlie Munger remain loyal, the steep valuation raises questions about future returns. The company’s low operating costs, high membership renewal rates, and potential for expansion bode well for its long-term growth, but investors may need to weigh the high price of entry against potential gains.
Source: YAHOO