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Costco Wholesale Corporation Message Board

  • lotto1man lotto1man Dec 22, 2003 10:15 PM Flag

    costco buying

    what are the chances costco would be interested in psmt? This company is at rock bottom, had a very rough year, and Sol and robert price have a relationship with costco... could be turn around of the year either way..

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    • sol and robert have no relationship with costco. why do you think they were booted out in 95? too stupid to hand price club off to a "non relative", who later starts costco. costco then surpasses, then acquires price club (a merger only in the strictest technical terminology), then "buys out" the prices with a little real estate, some of which is blown on pricesmart. psmt is no turnaround, its a turnout, or turnoff, anything you want to call it. costco had such little respect for price club that they built a Costco right next to a price club office with about 400 employees, ha, what a joke. good bye lotto man.

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