Costco Breaking Out on its Fifth Attempt (COST)
Everyone’s favorite home for 5 lb. cracker bags, 50 rolls of TP, and grab-bag inventory, Costco is finally breaking through the $50 level that has plagued shares since the beginning of the March rally. On no less than 5 separate occasions, shares of this low-beta name have pushed strongly from the $46 level towards $50, [...]
Costco Reports Earnings, Sees Selective Weakness (COST)
Costco Wholesale (COST) reported fiscal ‘09 Q1 earnings this morning, largely confirming the sales trends noted along with the retailer’s Nov. sales issuance last week. From today’s report:
Q1 net sales up 4%, 1% on a comparables basis
Boilerplate comps of -7% internationally, 1% company-wide; comps in local currencies of +7% internationally, 4% company-wide
Net income essentially flat [...]
Costco Reports Lower Comps as Gas Prices Plummet (COST)
Warehouse retailer Costco Corporation (COST) reported sales and comparables for November and the past 13 weeks on Thursday morning, as this economy continues to prove that even the best fighters will take body shots.
Costco reported total sales for November down 3% (year-over-year) to $5.55 billion, while sales for the 13 weeks ending November 30th rose [...]
Costco Reports (1%) Comps During October; Retail Numbers to Weaken
While Wal-Mart again sets the bar for steady comps performance this year with a 2.4% rise in same-store-sales, ex-fuel. Costco, meanwhile, reported a 1% drop versus expectations of 3.6%. But if we strip out the spiking U.S. dollar’s effect on the month, the company-wide comps growth at Costco rises to 3%, with 9% international growth.
As [...]
Broad Market Rally Ahead of Election Results, STPortfolio Adds More Alpha
What an impressive day for the U.S. markets. Not only were they up on broad-based buying, there wasn’t much volatility going into the close. Late-day shenanigans in the past month have signaled of an overabundance of redemptions from both the hedgies and mutual funds. But today was relatively smooth, albeit on lower volumes. You can [...]
Adding To Position in Costco on (sic) Analyst Warning (COST)
I’ll be applying the last little bit of cash left in the Secular Trends Model Portfolio to add to the Costco Position, adding 600 shares at $53.04; shares are down 7% today on a warning from PiperJaffray. I liked the stock in the mid-$60’s, and I love it in the mid-$50’s.
The analyst note contents that [...]
Completing Buys for Portfolio - IBM, PBR, COST
The Secular Trends Portfolio is now up to 17 positions, right in the range that I would like to have as my mean. I averaged in to Costco (COST), IBM, and Petrobras (PBR) as I waited out the flailings of the market. I’m still utterly displeased with everything that happened yesterday, but the government has [...]
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Investopedia Commentary- Where Third Avenue Sees Value (BAM, GGP, SPG, ESV, NBR)
- America's Biggest Companies Look Reasonably Priced (XOM, MSFT, QQQQ, AIG, BAC)
- Sandridge Energy Shifts Towards Oil (SD, OXY)
- Stong Dividends Worth A Look (AINV, STD, FNF, NYB, PBCT, NLY, CIM, EQR, HRP, MFA)
- The Bear Market Bottom - One Year Later (SMRT, FITB, DNDN, LVS)
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Pragmatic commentary on U.S. & global investing, demographics & secular trends, and the valuation of anything worth valuing. Objective, unbiased research; We believe in minimal design, zero gimmicks, and maximum results.
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