$COST TOP 20
Added 2023-03-05 11:11:33 +0000 UTCFollowing our Wave 3 very well here, broke down from the wedge on a mixed earnings, where EPS improved but revenue declined and guidance was uncertain. $COST will need to consider raising the membership fee and this will probably be a good move and the brand loyalty $COST has will probably absorb any increases...assuming the increases wont be too high.
$450 is still the price we are watching, below this price, where it has bounced twice before, would mean our bear case is next. I suspect $COST will make a decision on their membership price soon, it may save them from the $450 limit.
