Costco Takes a Hit
Costco was down today with news that the company missed both on earnings and revenue. In the following video, Motley Fool analyst Jason Moser believes that this company still is not necessarily in trouble. The company has impressive customer loyalty and still has opportunities for growth both internationally and online.
So is Costco a buy today, even with today's pullback? Jason believes this stock is still fairly expensive and would have liked to see a slightly larger pullback on today's news. However because of the retention rates and quality management, the market has always given this stock a bit of a premium. Jason believes this is a stock that belongs on everyone's watch list and that it's definitely worth a deeper look.
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The article Costco Takes a Hit originally appeared on Fool.com.Jason Moser and Fool contributor Mark Reeth have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Costco Wholesale. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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