Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
With prospects of the current/coming recession in the US do you think Costco (COST) is worth buying at the moment? (sell Discretionary buy Staples argument.......)
Hi Arthur,
The short answer is yes, in tougher economic conditions, consumers trade down which is what we saw this week from Collins Foods in Australia, and Costco (COST US) certainly fits into that bucket, while also selling products we ‘have to have’ instead of those that are ‘nice to have’.
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