Costco Wholesale Is a Fabulous Company. Here's Why I Won't Buy the Stock in 2024.
Costco(US:COST) The Motley Fool·2023-12-28 07:49Costco Wholesale (COST 1.09%) doesn't have a lot of bells and whistles as a retailer, but that hasn't stopped the stock from delivering monster returns over its history.Since its IPO in 1985, Costco's stock price has grown by more than 75,000%, turning a $1,000 investment into more than $750,000. That's not including dividends -- reinvested dividends along Costco's history raised the total return to 110,800%. The retail giant was back in the news lately after announcing a $15-per-share special dividend. Cos ...