Costco Hits New 52-Week High

Hats off to Costco (COST). The stock just broke out to a fresh 52-week high this morning.

I think the stock has its pre-crash high of $75.23 (from May 14, 2008) in its sights, although it’s not easy to decipher what inanimate objects are thinking.

There’s always a weird period when investing in Costco. They reported Q3 earnings on May 27, but the Q4 report won’t come out until mid-October. That’s 4-1/2 months without knowing how the business is doing.

The last earnings report was in line with forecasts; the one before that missed by two cents and the one before that was in line. This tells me that the Street is seeing COST as a value play, not an emerging growth story.

Posted by on September 28th, 2010 at 12:49 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.