Costco

Magic Markets #218: Consumer Conundrum

Magic Markets2025-04-02T11:53:26+02:00

The first quarter of the year was an unhappy one for most consumer stocks. Tariffs are top of mind, as is the pressure that many brands have been facing in China. Inflation is a risk and consumer sentiment is weak. Against this backdrop, is there opportunity in this sector, or is it better to sit this one out and let the volatility do its thing? And does it make a difference to look at discretionary vs. defensive stocks?

Magic Markets #218: Consumer ConundrumMagic Markets2025-04-02T11:53:26+02:00

Costco: Still America’s Darling?

Magic Markets2025-03-12T20:41:39+02:00

Costco is one of the most successful companies in the world. The model simply works – with strong member retention and great prices offered to those who pay for the privilege of shopping at Costco. Sadly, the valuation is the poster child for the current situation in equity markets after years of stimulus. Is it so expensive that it is best ignored?

Costco: Still America’s Darling?Magic Markets2025-03-12T20:41:39+02:00

Costco: Subs up, hotdogs flat

Magic Markets2024-07-17T20:40:37+02:00

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?

Costco: Subs up, hotdogs flatMagic Markets2024-07-17T20:40:37+02:00

Magic Markets Ep183: Investing in Global BRNDZ

Magic Markets2024-07-10T21:50:05+02:00

In a discussion that started with a reflection on the market moves in the latest quarter and the extent to which Big Tech has driven the indices, Craig Antonie of AnBro Capital Investments and the usual duo of Mohammed Nalla and The Finance Ghost also delved into the BRNDZ portfolio at AnBro and the strategy around investing in the world's most valuable brands. Touching on a number of investment concepts ranging from cycles and balance sheets through to portfolio construction and long-term strategies, this is a highly insightful discussion for any serious investor.

Magic Markets Ep183: Investing in Global BRNDZMagic Markets2024-07-10T21:50:05+02:00

Magic Markets Ep136: Retail Stock Reality

Magic Markets2023-08-02T22:19:24+02:00

In episode 136 of Magic Markets, we kicked off the discussion by talking about retail stocks. They are always relevant to investors because people know the brands and feel like they understand the businesses. Of course, like everything in the market, it’s not quite that simple. In this action-packed discussion that touched on many different topics ranging from global to SA retailers, through to real estate, E-commerce, the rise of shrinkage (theft) in global retailers and SO much more! Listen in NOW!

Magic Markets Ep136: Retail Stock RealityMagic Markets2023-08-02T22:19:24+02:00

Costco: can big box stay relevant?

Magic Markets2022-06-21T19:22:12+02:00

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 [...]

Costco: can big box stay relevant?Magic Markets2022-06-21T19:22:12+02:00

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