Undervalued Costco competitor at strong support
BJ is Costco’s direct competitor and it’s highly undervalued. Just visiting any Costco confirms the success of the model from an outsiders POV. From a fundamental position, it’s debt to equity has been shrinking over the past several years and cash flow rising. Technically, it’s had a long run down looking at a daily candlestick chart and it’s hit a support line at around $38 where it wants to reverse at least until around $41 for a head and shoulders pattern.
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