Hello, investors! I would like to know your thoughts on Costco $COST+0.8% and at what price you are willing to buy its stock? This company is literally a stable and well-oiled machine, so price swings and dips are not exactly the order of the day.
Costco
COSTOpen $877.99
Day range $875.67 - $884.29
52 week range $540.23 - $923.83
The likes of Charlie Munger literally loved this company. In early 2023, Munger said: "I like everything about Costco. I'm a total addict and I'll never sell their stock."
I'm thinking about this company, it would represent such a more stable part of the portfolio (defensive stocks). I'm just undecided on when to enter.
I am more interested in this company than $WMT+0.6% and if I were to buy, I would buy $COST+0.8% stock. However, the price is high right now and I don't necessarily need their stock that badly, so I won't buy now.
The price may be at its peak, but even after the results, which the market rewarded with a drop, the stock doesn't want to go much lower. It's a good company, but I have $WMT+0.6% in my portfolio.
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It's a great company. But I wouldn't buy the stock now. The stock price is too high for me. I would definitely buy below $800.