Is Costco Stock a Buy?
Costco (NASDAQ: COST), the world's third-largest retailer (as measured by revenue), has seen its business perform extremely well over the past 12 months. What first started out as consumers panic-buying cleaning supplies and toilet paper last spring has since continued into spending on other products such as sporting goods, home furnishings, and consumer electronics.
The stock has significantly underperformed the S&P 500 since March of last year, a possible indicator that shareholders are worried about Costco's prospects in a post-pandemic world. A recent earnings miss last month put downward pressure on the stock as well.
This presents long-term investors with a worthwhile opportunity to own a quality business. Here's why I think Costco is a buy.
Source Fool.com
