What do you think about Costco (COST)?
I have some Costco stocks (COST) and I bought more before the earnings report (March 7th). From the report we know the EPS is more than expected. But the revenue is less…
I was really suprised because of the -7% stock price.
What do you think about the COST stock price? Will it grow in the next months to the same hights?
Additional: on March 15th Richard Galanti (the CFO of the company) will step down. I don’t think it will couse rapid things in the stock price but who knows?! What do you think?
I was really suprised because of the -7% stock price.
What do you think about the COST stock price? Will it grow in the next months to the same hights?
Additional: on March 15th Richard Galanti (the CFO of the company) will step down. I don’t think it will couse rapid things in the stock price but who knows?! What do you think?
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EnjoyTheProcess : I am in the same boat as u. Holding some Costco stocks, and added some more on the day of ER. I was anticipating its ER to follow that of Target, plus there was widespread speculation that Costco gonna announce membership price increase this ER. I was proven wrong on both counts. The ER results seems quite alright, but I guessed the sharp drop is due to membership price not increased, and that premium has already been priced in before the ER. I think the price will trend up again, coz the membership price increase will happen in due time, just a matter of when. Btw, I am also trapped in TSLA
Sm1sm : i think it is better to hold. coz many analysts are upgrading to 800. i think it will reach there within a week