oh, pooh, its just where every american can go be a communist and feel good about it because they are saving money. see how silly labels are when we start using them with their actual definitions and apply them to a structure in the middle of our perceived reality. Costco’s model is communistic in its operations — socialist one at the very least. i don’t shop there because i am not a consumer. =)
Costco Wholesale Corp. (NASDAQ: COST) has become the ultimate destination for the American consumer looking to save money and buy products on a large scale. Despite the shares having a relatively flat 2015 thus far, one key analyst sees solid upside for the discount giant.
Oppenheimer is upgrading Costco shares to Outperform and establishing a $160 price target, which implies upside of about 15% from current prices.
This company has for a long while represented one of the world’s best-run and most powerful retail chains, in Oppenheimer’s view. The valuation and lack of a catalyst have kept the firm on the sidelines with Costco, despite the chain’s operating prowess.
Currently, Oppenheimer sees an opportunity in the shares for intermediate to longer term oriented investors. The company has underperformed lately amid modest earnings disruptions and a flow of funds from staples-related names. Shares now trade at one of their lowest relative…
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