If You'd Invested $1,000 in Costco's IPO, This Is How Much Money You'd Have Now
Costco (NASDAQ: COST) customers rely on the warehouse club operator to deliver great deals on bulk items. Long-term investors have also come to realize bulk-sized gains on the stock. Consistent growth -- even in an industry with razor-thin margins -- can be pretty rewarding over time.
You probably weren't lucky enough to get in on the Costco IPO. The chain went public at $10 on Dec. 5, 1985. The stock hit an all-time high of $328.98 on Thursday, but that doesn't mean the investment's been nearly a 30-bagger over the past 35 years. The story is actually better than that. A stake as modest as $1,000 at the time of its Wall Street debut is worth a lot more than you probably think.
Image source: Costco Wholesale.
Source Fool.com
