Costco's Strong Growth Continues. But Is the Stock Too Expensive?

As usual, there's really nothing to complain about in Costco Wholesale's (NASDAQ: COST) latest quarterly results. The business keeps doing what shareholders have come to expect: generating steady comparable-sales growth, growing membership income, gaining digital momentum, and expanding its store count. The report once again shows that it remains a best-in-class retailer -- and maybe even one of the best businesses in the world. But liking the business is not the same as liking the stock. While the forme ...