Costco has a problem in China, but it has nothing to do with tariffs, CNBC’s Jim Cramer said Friday.e problem is Shanghai, a city of nearly 25 million people, has only one Costco store, the “Mad Money” host said.
Pair it with Costco’s ability to deftly handle tariffs in the U.S.-China trade war, and it “sounds to me like a terrific investment thesis for owning Costco’s stock for years and years to come,” Cramer said.
https://www.cnbc.com/2019/12/13/cramer-costco-has-a-china-problem-and-its-not-tariffs.html
Submitted December 15, 2019 at 10:21PM by domesticenginerd_ https://ift.tt/38JYPgy
