Costco is a quality company. The paid membership fees are growing on a sustained basis. In addition, the company is just starting to make inroads in China. Membership fee should continue to growth. It is therefore surprising that Buffett sold his stake. It's a great stock for income investors as well.
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Yeah, this one puzzled me as Costco should continue to do well as Covid persists.
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@rollandthomas - It's worth noting that they are also doing well on the e-commerce front. Even if the stock remains sideways, I will be happy with the dividends.
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