This Scenario Will Cause Me to Buy Costco Stock
Costco (NASDAQ: COST) is demonstrating excellent operating performance during the pandemic. Revenue surged at the onset when non-essential retailers closed their doors and Costco remained open. Consumers had fewer places to spend their money, so those deemed essential stores benefitted from an increase in shoppers.
The company has been able to maintain that momentum even as economies are reopening. Its recent performance under strenuous conditions and its history of satisfying customers earned Costco a spot on my watch list.
Costco stock is trading at a forward price-to-earnings ratio of 42. Image source: Getty Images.
Source Fool.com
