Costco Wholesale Corporation: The Valuation Conundrum
My wife went on a run to Costco Wholesale Corporation (COST) this past week to re-stock the pantry which reminded me that I needed to take another look at this great business. One of the things I admire most about Costco is that they treat all of their stakeholders fairly: from employees, to customers, to suppliers.
My primary investment strategy is dividend growth investing. By following a dividend growth process, I want my capital to be invested in businesses that have a history of paying and growing their dividend payment over time. It's not a catch-all qualifier for a solid business; however, I do believe that it narrows the search down to businesses that have been able to withstand the test of time.