Costco: Struggling at $60

Filed under: Costco Wholesale (COST)

Wholesaler Costco Corp. (COST), which I urged caution with on November 30, 2009 at/near $60, has since failed to decisively breakthrough $60, hence it's probably prudent to close a position held now, if you bought shares in the $45-48 range. Here's why:



Costco remains a leader in the value-oriented consumer warehouse segment with an impressive product mix, but its valuation looks a tad high: I'd be a buyer again at lower levels, $51-53.

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Costco: Struggling at $60 originally appeared on BloggingStocks on Tue, 16 Feb 2010 18:30:00 EST. Please see our terms for use of feeds.

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