“A wonderful company at a ruinous price, Costco trades at 56.9 times earnings on a razor-thin 2.9% margin, and even the bull case barely beats a Treasury bill while the base case makes almost nothing.”
“How do you make money owning Costco at today’s valuation? You likely don’t, at least for a long time.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.