Only 2% of Coscosians are racist....Coscosians are Costco Shareholders.
this post was submitted on 24 Jan 2025
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Shareholders, if you keep that up, maybe I'll grudgingly, once in a while, "think of the shareholders".
The whole dei firing thing doesn’t make any sense. It’s not like unqualified people were hired.
Actually, that's exactly what they think.
The anti-DEI crowd thinks exclusively in zero-sum outcomes. There is exactly one Best Candidate for a position, who happens to look like them. If a different candidate is hired, then the whole process is obviously unfair, because they didn't hire the one ~~white~~ right candidate.
Right. Not sure why I used logic…
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I wonder if Costco stock is a good buy right now. Currently $937 up from $300 in 2020. A P/E of 55, with 0.5% annual dividends paid quarterly.
With the new risk of being targeted by MAGAs for a boycott, I could see that being a problem. I don't think Costco's survival as a corporation depends on its stock. They do stock buybacks, which is going to be artificially inflating the price a bit.
If it drops significantly, I could see it being worth the pickup. Maybe I'll sell some long put options.
US stocks are incredibly expensive right now based on their earnings. If Trump messes up just slightly on the economy, the market will take a huge hit. To prop up the market and thereby his own ego, he's going to try to force Powell to lower interest rates even if it's not supported by the numbers.
He may or may not be successful. Good luck.
To prop up the market and thereby his own ego, he’s going to try to force Powell to lower interest rates even if it’s not supported by the numbers.
Ah, just like in 2019, which is why they were already at damn near 0% and had nowhere to go when the pandemic started.
(Just in case people need a reminder of where all that "covid" inflation really came from.)
I bought stock for like $650 a few years ago and then sold it at $800. Sort of regret it.
...called DEI programs "illegal, immoral and detrimental to shareholder value,"
Wrong, wrong, and only if they implemented DEI as a blind performance metric... Which is also wrong. You get half a point out of three, or 16.6%.
And with a grade that low, I'm completely justified in giving that person...
A Super F!
