Is It Too Late to Buy Costco Stock?
With shares of Costco Wholesale (NASDAQ: COST) up more than 60% since early last year, investors may be a bit hesitant to dive into a new position. Giving them even more pause is the fact that the stock's valued richly, at around 50 times the next 12 months' expected earnings. They're understandably concerned that there's just no upside left to tap.
The thing is, investors are right to entertain these doubts.
Just don't get too comfortable being part of the pessimistic crowd. Costco stock has a funny habit of performing far more bullishly than it seems it should.
Source Fool.com
