0.86818
Shares Owned
$259.22
Cost Basis
+$3.81 (+1.47%)
Total Gain/Loss
$1.12
Earned Dividends
Company Overview
Costco Wholesale Corporation, doing business as Costco, is an American multinational corporation which operates a chain of membership-only warehouse clubs. As of 2015, Costco was the second largest retailer in the world after Walmart. Costco’s worldwide headquarters are in Issaquah, Washington. As of December 31, 2019, Costco has a total of 785 warehouses:[1] 546 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in South Korea, 14 in Taiwan, 11 in Australia, two in Spain, one in Iceland, one in France, and one in China. – Wikipedia
Why Costco?
Costco is the expert in the “Buy Bulk” business model. It has successfully fended off Amazon and other retailers, while continuing to increase its penetration into new markets, such as China. In addition, their subscription membership model provides both recurring income and a clear objective metric to measure their success.
With credit card exclusivity deals and their own Kirkland brand, Costco is able to build a thriving retail business while most competitors are facing ever growing threats to their business. Known for great deals and high quality products, Costco will be here to stay.
Expert in the “Buy Bulk” business model. Costco has been able to fend off Amazon and increase its penetration into more markets. Has a subscription model for its membership and gets consumers to purchase a credit card in order to keep them coming back for great deals on a large variety of products. Also built their Kirkland generic brand into a household name. High quality products.
Change Log
Dividend = $0.61
May 15, 2020
Dividend = $0.56
February 21, 2020
Invested = $3.15 ; Purchased = 0.0107 shares @ $294.14
December 11, 2019
Dividend = $0.56
November 15, 2019
Invested = $256.07 ; Purchased = 0.85748 shares @ $298.63
October 15, 2019
*New Position Started*