Baltimore — (TFN): Our TFN discount retail stock pick Costco (COST) today announced that same-store sales gained 7% in the U.S. and 15 percent at international locations.
Not bad for a recession: The 9 percent gain for the whole company beat the 7 percent average estimate of 16 analysts, based on figures provided by Retail Metrics [...]
Update 05/08/2008 10:55 AM: Laura Cadden has just issued a recommendation to sell DLTR for a 40%-plus gain. Read’em and weep!
By J. Christoph Amberger
Baltimore — (TFN): Early retail sales reports issued this morning indicate that shoppers focused on basic consumer goods over the past month and bought at discounters and wholesale clubs. Wal-Mart Stores [...]
Tags: amberger, COST, cost:nasdaq, Costco, DLTR, dltr:nasdaq, Dollar tree stores, financial news, recession proof stocks, retail sales, warehouse
Baltimore — (TFN): ): On February 7, 2008, in our TFN Hot Stock Pick of the Week, I suggested that you buy discount wholesale giant Costco (COST) “around or below $65, for medium-term gains of 15-20% by mid-year”.
On The stock was trading just below $65 at the time.
Of course, like clockwork, the moment I made [...]