We invested in Costco in 2021 but only got round to writing a Research Report in June 2024. This was a well-received piece, and it can be seen here. We believe it is worth reading as good background reading on the company.
Originally we were reluctant to buy the stock at the then prevailing forward P/E Ratio of 30X. However, we then saw it rise to a forward P/E of 50X. The price has risen about 150% since our purchase.
We return to the stock in the light of its Q2 FY 2025 Results.
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