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Want to get in on BJ’s IPO? Buy Costco’s stock instead

In the case of BJ’s Wholesale Club, you had better think twice about buying. The company was taken private by CVC Capital Partners and Leonard Green & Partners in 2011, and its owners’ attempt to cash in is not backed up by rapid sales growth or strong financial performance. BJ’s (IPO:BJ) is a relatively small competitor when compared with Costco Wholesale Corp. (COST) and Walmart Inc. (WMT) unit Sam’s Club.