COST WILL MOON SOON via /r/wallstreetbets #stocks #wallstreetbets #investing


Costco will moon sometime in the next year.

Inflation is driving people to buy in bulk. People fucking love Costco.

Here’s the magic event, Costco hasn’t raised membership dues since June 2017.

A quote from the CEO on recent earnings:

Mr. Galanti once again deferred on when Costco planned to increase membership fees. He said that the last three increases over the last 15 years came out to an increase every five and a half years, with the last increase happening in June 2017. “I think the question will continue to be asked until we do or don’t do something. But at the end of the day we certainly feel good about our member loyalty, our success getting members to move to executive membership…you guys will know when we tell you and at some point it will happen,” says Mr. Galanti.

5.5 years is 2023 and I think they will raise membership rates around mid year.

When they raise they will pop.

Long dated calls should print.

Submitted March 04, 2022 at 07:10AM by MamothMamoth
via reddit