Costco is a long term hold
Costco is consistently increasing their revenues as they are continually expanding and growing popularity. I can’t see this stock loosing revenue any time soon. Their cash flow is high and they are a recession proof stock because they make 75% of their income through memberships and I don’t think people are going to stop shopping there anytime soon. Their expected to grow at 8% every year and have a good amount of assets for their book value. Yes their P/E of 36 is expensive but combined with their dividend and their consistent growth I don’t see how you can loose money on it in the long term.
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