It should be a good day for COST as well compared with TGT.
Buy COST on weakness....................... its way undervalued here. see you in 6 months 170"s
costco shares are not to be compared to what the company does,,,fools chase price of stock,,the company has no give a damn about the stock because they sold it already to you a long time ago
unreal how manipulated costco shares are ,,these MM are hyping the runs then dropping it on 300 share volume,,,major scam by these MM,,
come on costco,,i need 160,,, my calls will be worth a fortune,, i also have the 157,50 puts, but a good run will help more,,if it tanks i make some but its close to a wash .. lets go COSTCo,,,,,just a quick run to 160
COST is solid , has loyal customers. Prices are great, stores are full of shoppers constantly. LOOKING FORWARD STOCK PRICE COULD REACH $200.00 BY THE END OF YEAR.................................. Regular dividend could be boosted up a little.............. DOW down today & share price is holding steady.......
ROFL $WMT gets a whopping $77 price target and its trading at $80... wonder what it will do in near term sell off??? $COST is probably a better buy as there isn't much up here this thing will trade sideways if your lucky.
U.S. pension funds sue Goldman, JPMorgan, others over stock lending market
I think overall market is in trouble. This sell the news is clear indication that Big force now working otherway.
I was expecting this in July and prepared my self. Glad I didn't give up on my preparation for worst. I am in 50% cash. I do got into couple of short put in money right now. If count them it's about 40% (Assuming SNAP not drop below $10.5 by tomorrow).
My significant holding in $UAA, $TGT, $M, $COST (Retail mainly as Solar, Biotech & other, I exit significantly with rally.) which beaten up badly and when you long term ability, they are deeply under appreciated.
Its August............ vacation time and more volatility is perfectly normal. use some cash to buy the dips..., if any.
Buy COST now, rare opportunity.
Buy on weakness.................... COST is way undervalued here. nothing has changed here with this company, great value , expansion, and growth!
$200-$220 by December - Smart money will be rotating to consumer defensive stocks till the end of the year like Costco to protect their gains without being completely on the sidelines.
Up on half the volume. Start of a run
Selling volume has disappeared after the July sales report.
Saw in Forbes yesterday morning that Costco now offers a gift registry through MyRegistry.com, hopefully that will help boost the stock value a bit.
Strong support at the $160 level. Base building there, then should move up solidly with positive earnings reports. No chance of disappointing earnings from Cost.
analyst use PE ratio of 30 to make it sound very expensive. First next year they expect 6.42. They likely going to beat by 5% based on earning history = So actual PE is 23. Now analyst value $AMZN based on cash flow which contain various financial engineering to inflate it. Their property mainly include computer, robots and other thing that need to replace within 3 -10 year. So they are real cost.
Now if you look into 10Q, Costco most of asset consist real estate property & so those depreciate at 25 year rate but really need to replace may be after 75 year. So their real depreciation is 1/3rd only. They have about $1.2B depreciation, So almost 0.8B you can add into profit = their EPS is $8.5 easily. Now that is just 18 PE. If you add real operating cash flow, this multiple go down to 15 or even lower.
This is stock that has strong brand value, loyal customer base, Best experience in retail (Except parking issue because they are best and yet cheapest Quality provider), Pay dividend including frequent special dividend as big as $7.
If you account for Market value for Costco real estate & current property - debt, My calculation put at $15B+ asset. If you discount that, PE would go even higher. ( You can count on this company on dividend pay & special dividend pay and so not wrong thing to count after discounting asset.)
I don't think it will remain low for too long. I hold signficant number of share ( No. 4 position right now) just short $155 put as well.
This is no brainer buy.
Taking advantage of the PANIC selling today................. let the lower prices come to you! I am a BUYER ...............