🚨 Costco's Rollercoaster Ride! 🚨
Costco (COST) saw a surge in sales in September, thanks to panic shopping amid dock workers' strikes and Hurricane Helene. 📈 Net sales jumped 9% YoY to $24.62B, with e-commerce sales up 22.9%! But can this momentum last?
- High valuation: P/E ratio at 55.1x vs sector median of 17.8x.
- Low dividend yield: 0.5% vs sector avg of 1%.
- Cash reserves dwindling: from $15.23B to $11.14B.
Analysts are lukewarm, with a Moderate Buy rating. What do you think? Is Costco a buy or a bust? 🤔
Drop your thoughts below! 💬
#Costco #Stocks #Economy #Investing #Retail