If You Invested $1,000 in Costco's IPO, This Is How Much Money You'd Have Now
Did you miss out on an amazing opportunity if you passed on investing in Costco Wholesale's (NASDAQ: COST) IPO? Probably, but it doesn't matter. Costco has a differentiated and strong business, and there are still more gains to be had ahead.
Costco demonstrated its resilience during the pandemic as members flocked to its warehouses to get bulk quantities of essentials from the discount retailer, and the numbers remain strong well into post-lockdown. In the second quarter ended Feb 14, sales increased 15%, comps were up 13%, and e-commerce grew 76%.
Let's see how much money you'd have if you had invested in Costco's IPO, and whether or not you can still get rich through investing in Costco stock.
Source Fool.com
