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Costco shareholders overwhelmingly reject anti-DEI proposal
(www.businessinsider.com)
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this post was submitted on 24 Jan 2025
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I wonder if Costco stock is a good buy right now. Currently $937 up from $300 in 2020. A P/E of 55, with 0.5% annual dividends paid quarterly.
With the new risk of being targeted by MAGAs for a boycott, I could see that being a problem. I don't think Costco's survival as a corporation depends on its stock. They do stock buybacks, which is going to be artificially inflating the price a bit.
If it drops significantly, I could see it being worth the pickup. Maybe I'll sell some long put options.
US stocks are incredibly expensive right now based on their earnings. If Trump messes up just slightly on the economy, the market will take a huge hit. To prop up the market and thereby his own ego, he's going to try to force Powell to lower interest rates even if it's not supported by the numbers.
He may or may not be successful. Good luck.
Ah, just like in 2019, which is why they were already at damn near 0% and had nowhere to go when the pandemic started.
(Just in case people need a reminder of where all that "covid" inflation really came from.)
I bought stock for like $650 a few years ago and then sold it at $800. Sort of regret it.