Costco is famous for two things: cheap hotdogs and a membership model with subscription fees. The cost of the hotdog might be staying put but the membership fees aren’t, with Costco hiking the fees for the first time in years. That’s grabbing all the headlines right now, but there’s far more to the story. With such a strong run in the share price, is it overcooked? Or is the current valuation justified?
Home Depot is the eCommerce hero that nobody talks about. There are a lot of surprises in this business, with long-term financial performance telling a wonderful story. This is going to be a disappointing year vs. FY22, but is that perhaps an opportunity?
Use the podcast player below to listen to our discussion on Walmart and its Q1’23 result, which accompanies the detailed write-up below: (Date of report: 26 May 2022) With the share price down 15% this year and 22% in the past month, Walmart hasn't been spared in this sell-off. The shocking thing about this is that the pain was felt in the space of a day, with the latest earnings release surprising the market to the downside. With a vast retail footprint and a business model that one would assume is an inflation hedge, has the market overreacted to Walmart's issues, [...]
Use the podcast player below to listen to our discussion on Costco and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 13 April 2022) Costco is the ultimate warehouse club model. You can't shop there unless you are a member, which means you're paying at least $60 per year (or $120 for Executive Member status) for the privilege of access to bulk-buy deals at wholesale prices. If you live in South Africa, Makro is the closest thing you'll recognise to Costco. The business has been an exceptional performer. Berkshire Hathaway made a fortune with its investment in [...]
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