Love Costco Stock? Here Are 3 Stocks to Buy Instead.
If you invested $10,000 in warehouse-style retailer Costco Wholesale (NASDAQ: COST) in 1990, you'd have over $400,000 today. Simply put, Costco stock was a life-changing investment for some investors thanks to its incredibly consistent performance.As stellar as returns have been for Costco, one current risk unsettles some investors: It currently trades at a price-to-earnings (P/E) valuation of nearly 60. That's its highest valuation in over 30 years even though its growth prospects have cooled considerably over the past three decades.Image source: Getty Images.Continue reading
If you invested $10,000 in warehouse-style retailer Costco Wholesale (NASDAQ: COST) in 1990, you'd have over $400,000 today. Simply put, Costco stock was a life-changing investment for some investors thanks to its incredibly consistent performance.
As stellar as returns have been for Costco, one current risk unsettles some investors: It currently trades at a price-to-earnings (P/E) valuation of nearly 60. That's its highest valuation in over 30 years even though its growth prospects have cooled considerably over the past three decades.
Image source: Getty Images.
