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Enter Symbol:
 
Costco Wholesale Corporation (COST) [hlAlert]

Rating:
Sell COST
down 50.16 %

Costco Wholesale Corporation (COST) rated Sell

Posted on: Thursday,  Oct 11, 2007  11:25 AM ET by HSBC Securities

HSBC Securities rated Sell Costco Wholesale Corporation (NASDAQ: COST) on 10/11/2007, when the stock price was $69.88. Since
then, Costco Wholesale Corporation has gained 100.64% as of 12/03/2015's recent price of $140.21.
If you would have followed this HSBC Securities's recommendation on COST, you would have lost 50.16% of your investment in 2975 days.

Costco Wholesale Corporation (Costco) operates membership warehouses that offer its members low prices on a limited selection of branded and selected private-label products in a range of merchandise categories. It buys the majority of its merchandise directly from manufacturers and route it to a cross-docking consolidation point (depot) or directly to its warehouses. The Company?s depots receive container-based shipments from manufacturers and reallocate these goods for shipment to its individual warehouses. The Company?s warehouse format averages approximately 143,000 square feet. Its warehouses operate on a seven-day, 69-hour week. It carries an average of approximately 3,800 active stock keeping units (SKUs) per warehouse in its core warehouse business. Many consumable products are offered for sale in case, carton or multiple-pack quantities only.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/11/2007 11:25 AM Sell
None
69.88 58.00
as of 8/27/2015
1 Week up  3.47 %
1 Month down  -0.40 %
3 Months up  1.67 %
1 YTD down  -17.80 %

(*) Stock Price at the time of the recommendation.
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