Timing the purchase of a stock to when it hits rock bottom is very difficult. After all, no one has a crystal ball. Fortunately, shareholders who intend to hold a stock for a long time don't have to get the exact timing right. You're simply looking for strong businesses that sell at a reasonable price.
Long-term Costco Wholesale (NASDAQ: COST) shareholders have been handsomely rewarded over the years. Over the past decade, the share price has appreciated by 387%, trouncing the S&P 500's 176% gain. Costco has compelling growth opportunities, but is it poised to continue outperforming the market?
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Source Fool.com