Here's What Happened the Last Time Costco Stock Was This Expensive. Will History Repeat Itself?

Millions of customers regularly shop at Costco Wholesale (NASDAQ: COST), drawn by its low prices on a wide range of products. The company operates nearly 900 warehouses open to members only in the U.S. (including Puerto Rico), Canada, Mexico, Australia, New Zealand, China, Japan, South Korea, Taiwan, France, Sweden, the U.K., and even Iceland.But while the products on Costco's shelves are cheap, its stock isn't: The discount wholesaler's shares currently trade at over 54 times earnings. Here's what happened the last time Costco stock was this expensive.Before we look to the past, let's address a potential objection to the premise that Costco stock is expensive. Is it possible that a stock with a high price-to-earnings (P/E) ratio could still be attractively valued? Absolutely. That can happen when a company's growth prospects are exceptionally strong.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool