Costco Makes Money but is it Amazon Proof?
Surprisingly, Costco is one of our fastest growing retailers with a revenue growth rate of 9.73% for 2018. In addition, Costco had a 7.28% revenue growth rate in 1st Quarter 2019.
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Market Mad House
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Is Costco Amazon Proof?
Is Costco still a Value Investment?
The billion dollar question must be; is Costco Amazon proof? My take is that Costco is fairly invulnerable to today’s Amazon – but not tomorrow’s Amazon.
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Costco Defies the Odds
Costco has one thing in common with Amazon, it is a very cash rich company. On February 28, 2017 it reported $4.976 billion in cash from operations, $2.384 billion in in net income and $5.965 billion in cash and short-term investments. This was in spite of a free cash flow of -$23 million and a profit margin of 1.73%.
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Amazon and Other Threats to Costco
Walmart would like to be more like Costco for one simple reason: cash. Costco is a very cash-rich company, it reported a net income of $2.41 billion on November 30, 2016.
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