Canadian, sysadmin, trans rights are human rights, puncha-the-nazis, cats are pretty great, GNU Terry Pratchett.

  • 0 Posts
  • 74 Comments
Joined 2 years ago
cake
Cake day: June 8th, 2023

help-circle





  • I wonder if Costco stock is a good buy right now. Currently $937 up from $300 in 2020. A P/E of 55, with 0.5% annual dividends paid quarterly.

    With the new risk of being targeted by MAGAs for a boycott, I could see that being a problem. I don’t think Costco’s survival as a corporation depends on its stock. They do stock buybacks, which is going to be artificially inflating the price a bit.

    If it drops significantly, I could see it being worth the pickup. Maybe I’ll sell some long put options.





  • Just a small nit, I would say ‘much’ cheaper or ‘dramatically’ cheaper. Exponential refers to rate od change, not magnitude of change. Something increasing by 10% a year is exponentially increasing, something that’s just gotten bigger could be increasing linearly or not at all.