Costco Wholesale Corporation
COST
position
long
Bill Stewart, Stewart Asset Management
Thesis
Costco has been a major position for years due to its strong business model, which includes a significant portion of profits from membership fees. This recurring revenue stream is a key factor in its attractiveness as an investment.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the investment thesis has played out. While Costco's business model remains strong, the lack of concrete performance metrics leaves the outcome uncertain.
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