If you're a Costco shopper, then you can probably name the single most consistently awesome deal in the warehouse. Of course, I'm talking about the hot dog and soda combo that costs the same $1.50 that the retailer first charged for it back in 1985.
That's why keeping Costco on your watchlist isn't likely to help you snag a much better share price. Instead, my view is that investors keen on owning this business should take some time to build up a position, and not worry so much about paying too high a price for this stellar company. In a few years, the stock will probably be just as richly priced as it is now. And the hot dog lunch will be even more of a ridiculous steal.
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The article 3 Things You Need to Know About Costco Wholesale Corporation originally appeared on Fool.com.
Demitrios Kalogeropoulos owns shares of Costco Wholesale. The Motley Fool recommends Amazon.com and Costco Wholesale. The Motley Fool owns shares of Amazon.com and Costco Wholesale. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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