Costco is on-track for market share gains - Joseph Lazzaro

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Costco is on-track for market share gains
Sep 19, 2009 03:40 PM UTC

Joseph Lazzaro

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
COST		09/19/09	+5.14%	--

Via BloggingStocks:

Filed under: Costco Wholesale (COST), Stocks to Buy

Costco's stock has trended up nicely, from $47.21 when first recommended on May 19, 2009, hence it's not as cheap as it was then, but a case can be made to establish/add to a position on a pull-back to $53-55. Therefore, I'm reiterating my Buy rating.

Costco (NASDAQ: COST) remains a value-oriented consumer warehouse with an appropriate middle-income, near-upscale product mix that's likely to draw in many "suddenly just middle class" consumers whose incomes have been constrained/lowered by the current economic era. Translation: market share gains for COST.

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Costco is on-track for market share gains originally appeared on BloggingStocks on Sat, 19 Sep 2009 10:40:00 EST. Please see our terms for use of feeds.

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