Just recently, I noticed Target and Costco stock performance have been great in the last 5 years. Even before pandemic, their growth wad on par with Amazon, and in the last two years, maybe better than Amazon. What's the driver behind their stock price? What change in their business model or operation has caused this growth? TC: 200 YoE:8 #target #costco #e-commerce #amazon
They were left for dead by the market with the rise of Amazon and e-commerce. They were really undervalued through the mid-late 2010s. Target had a PE ratio nearing 10, with a dividend yield of 4.5%, but everyone assumed eventually Amazon would eat their lunch. When those two (and Walmart) showed they were survivors, their stock price corrected back to fundamental levels. Big retailers also had a big advantage during Covid, with the ability to stay open and do drive up while smaller retailers were forced to close.
Internal Kool aid drinkers. Only managers and up have stock internally. They started offering it to level 4s then dropped all level 4s to 1s after the announcement. Don't work for Costco.
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The 1.50$ hot dog and drink
Hahaha... I kept my Costco membership only for that! But that's weird to beat Amazon marketplace only by that!
Who knows, they have a lot of stuff to get you in the door to spend money. Cheap gas, 5$chicken hot dog etc. Once your in people normally spend a lot so idk just seems like a decent and strong business model