Why Costco’s Stock Defies Valuation Logic
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Costco Wholesale (COST) has been one of the stock market’s biggest success stories. Over the past five years, its stock has surged nearly 240%, including a 50% gain in the last year alone. Investors are enamored with Costco’s predictable business model, which is built on membership-driven recurring revenue, cost efficiency, and impressive customer loyalty rate. […]