Well.....Mr. Market is up today! Yes, indeed.
I always believed in the soundness of Costco's management to guide the company forward. Amazon is not going to achieve complete domination of the retail environment as many would have you believe.
Good companies are like good football coaches. They focus on the fundamentals of blocking and tackling, no matter what the "arm chair" quarterbacks say. Costco is definitely a good coach.
Always look at the trends in the financials - not just one quarter or a year. If you look at anything too close, you lose the overall picture! Keep your eyes on those trends of financial fundamentals.
Get your "boots on the ground" to see your nearest Costco. I am sure that you will find the place PACKED. Amazon taking over...? Yeah right!
