Is Costco Stock Going to $1,000?
Costco Wholesale (NASDAQ: COST) continues to impress investors, and its stock keeps climbing. It did take a small step back after fiscal fourth-quarter earnings, but it's up 35% this year, outpacing the S&P 500.
That means it also stepped back from trading above $900. But knowing Costco, it won't stay down for long. How quickly can the warehouse retailer's stock reach a four-digit price tag?
Costco operates a differentiated retail model that charges membership fees in exchange for rock-bottom prices. It has huge, warehouse-style stores with low expenses, and it resorts to maneuvers like placing pallets straight into aisles, instead of workers removing products and placing them neatly on display shelves.
Source Fool.com