No. of Recommendations: 10
Was trading just over $700 when I posted this - and it didn't drop any further, so my $650 entry never triggered - which isn't uncommon for Costco (it teases you!). Now up to nearly $800 / share :(
Don't feel bad. I think in this case you were perhaps right to have let the opportunity pass.
Costco is never cheap, but it has been unusually expensive lately even for Costco. The recent dip was not nearly enough to bring it back down to its own normal range.
Of course, this presumes that you want a good (better than average) entry price. If you believe in the solidity of their business model, as I do to a certain extent, it's one of those firms that you could overpay a bit and sit on it for a decade and still do pretty well.
Jim
