I have owned Costco many years and was an owner on the last split. It seems that the price is telling me that a split can be in the near future. Are there any comments out there?
I doubt if it will split soon. The costs involved in splitting the stock are considerable, and the management probably thinks these funds could be better used elsewhere.
However I am sure someone at today's annual meeting will ask about it....someone always does!.
I am amazed that Costco can ever compete with Walmart on prices, because Costco pays a living wage and provide benefits to their employees.
Walmart pays their employees poorly and does anything it can to avoid providing benefits.
Membership fees increase periodically with Costco retianing most members. They are going to expand overseas. With so many loyal members Costco share price will continue to increase over time and if you are a long tern investor this will be one of your best investments.
Sentiment: Strong Buy