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ShortSeller76
Jul 2, 2022 12:52 AM

COST 39 PE consumer is cutting back Short

Costco Wholesale CorporationNASDAQ

Description

Many of these consumers will be losing their jobs! Credit card debt record $1.1 trillion, $7 a gallon gas here in CA. 30 year mortgages went from 3.25% to 6.5-7% something's got to give! Costco is overvalued on a PE standard and EARNINGS compressions are coming! Bear market rallies are to be sold, not bought!! PE of 39 is sky high compared to TGT at 11
Comments
brandoncherry17
agreed, i love costco as a company and want to get in but i dont understand how investors can rationalize paying such a premium for it right now
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