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TIP492: The Best Investor You've Never Heard of
We Study Billionaires - The Investor’s Podcast Network
The Costco Business Model
Since the beginning of 2002, Costco shares are up tenfold. At the time, sleep estimated that Costco could fund itself to grow at around 14% per year from that point. In 2004, Costco was trading at a earnings multiple of 24 while the PE ratio today is around 36. The low prices would lower customers in, which means that Costco receives more profits as a result of the greater number of customers. As the business grows, their moat grows and the quality of the company also improves.
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