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Costco Is Running Out Of Gold, Here's What That Means For The Wholesaler [Seeking Alpha]
Last costco wholesale corporation earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
2.33K Follower s Follow Play 8min Summary Costco's gold bars are selling out rapidly, highlighting strong demand and its ability to manage volatile assets and generate profit from rising gold prices. Despite high valuations, Costco's solid fundamentals, expanding global presence, and rising profit margins make it a buy recommendation for equity portfolios. COST's business model thrives in poor economies, offering bulk savings and low-margin staples, positioning it as a "safe haven" stock during recessions. Brett_Hondow/iStock Editorial via Getty Images Introduction Costco Wholesale Corporation ( NASDAQ: COST ) is running out of gold, quickly. Last week, Bloomberg reported that 77% of outlets it surveyed had run out of stock of gold bars. These little 1oz bullion are sold in small packages, picked directly off shelves by members, and bought for thousands of dollars on the spot. The price of gold has been on an absolute tear, and Costco is happy to cash in on it a
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- I'll Bet You Didn't Know These 3 Things About Costco's Executive Membership [Yahoo! Finance][Yahoo! Finance]
- The Zacks Analyst Blog Highlights Costco, TJX, Ross Stores and Burlington [Yahoo! Finance][Yahoo! Finance]
- You can now buy a $1,089 platinum bar from Costco—here's what to know before investing [CNBC][CNBC]
- 4 of the Most Mind-Boggling Items You Can Buy at Costco [Yahoo! Finance][Yahoo! Finance]
- A Sam's Club Membership Would Cost Me $20 Less Than Costco. Here's Why I'm Still Not Switching [Yahoo! Finance][Yahoo! Finance]
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COST
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- 10/17/24 - Form 8-K
- 10/15/24 - Form 4
- 10/15/24 - Form 4
- COST's page on the SEC website
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