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I am yet to see reasonable analysis for why Costcos growth won't see results. I saw a Barron's article quote its recent Visa Credit card conversion as a point of potential downturn (citing a slight downtick in Canada renewal rates before picking back up). Renewal rates increased around that point (the downtick was not of any significance) and have been predicted to stay consistent with the membership hikes (more revenue).

The stock beat earnings last time with good guidance and that was at the price pre- Amazon doom and gloom drop. Unless there are other factors I'm missing (please point them out), I don't see the why the skepticism is warranted.

Long Costco. Don't get fooled by bad hype before earnings.



Submitted October 03, 2017 at 03:50PM by whadup5 http://ift.tt/2xQ5Ahw

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