3 Reasons Costco Is a Must-Buy for Long-Term Investors

There's no such thing as a stock that's worth buying at any price. A no-brainer bargain at one valuation will necessarily be a bad purchase at another, higher one. Yet some stocks are worth owning even at a premium because their businesses are so consistently strong.Costco (NASDAQ: COST) is a great example of a fantastic stock that's available at a compelling price today. Let's look at a few reasons why the warehouse retailing giant deserves a spot in your portfolio.Costco is more than just another place for its millions of members to shop. That fact is clear in the company's renewal rate, which is sitting at a record 93% in the core U.S. market. Nearly all of Costco's subscribers choose to renew their memberships each year, even when membership prices increase.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool