Costco Is Beyond Overvalued

Costco Wholesale Corp. (COST, Financial) has been an investing darling for as long as I can remember. It has also been a darling for shoppers as they have some of the strongest brand loyalty in the market. I know firsthand as I am a card-carrying member of its club and happily pay the membership fee every year to shop in its warehouses. No one can beat its rotisserie chickens, toilet paper and giant box of spinach.This is not a shopping blog, so let's jump into the company and stock. Costco has been perform ...