Costco shares closed Friday at $922.77, but a Motley Fool column argues investors should not be deterred by the price, citing 10% revenue growth over the past year and a quarterly earnings beat even after some tariff refunds are excluded.
The column says the stock was 2% below its level a year earlier and that Costco had raised its dividend for 22 consecutive years. The writer says the company should announce a larger special distribution later this year; the article does not report that an announcement has been made.
Rick Munarriz disclosed that he holds Costco shares. The Motley Fool also disclosed that it holds shares in and recommends Costco.
