Category Archives: COST

Costco Wholesale 10-Year Targets

Posted on August 28, 2019 by | Leave a comment

Below are the valuation targets for Costco Wholesale Corp (COST) for the next 10 years. Continue reading →

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Posted in 10-year Targets, Altimeter, COST

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Costco: Cyclical Trends

Posted on July 12, 2019 by | Leave a comment

Below is a chart of Costco Wholesale Corp. (COST) from 1986 to 2019.

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In the charts that follow, we break down the percentage change in each cyclical rise and decline of  Costco.  These cyclical changes put into perspective the current rise and help to gauge what to expect when the next cyclical decline arrives while suggesting there might be more room to the upside. Continue reading →

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Posted in COST, Cyclical Trends

Costco Wholesale 10-Year Targets

Posted on December 12, 2018 by | Leave a comment

Below are the valuation targets for Costco Wholesale Corp (COST) for the next 10 years. Continue reading →

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Posted in 10-year Targets, Altimeter, COST

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Nasdaq 100 Watch List: May 8, 2015

Posted on May 10, 2015 by | Leave a comment

Performance Review

Below is the performance of the Nasdaq 100 watch list from May 9, 2014:

Symbol Name 2014 2015 % change
DISCA Discovery Comm. 37.33 31.33 -16.07%
BBBY Bed Bath & Beyond Inc. 61.31 71.44 16.52%
ISRG Intuitive Surgical, Inc. 353.06 494.32 40.01%
NTAP NetApp, Inc. 34.19 35.65 4.27%
EBAY eBay Inc. 50.54 58.82 16.38%
ALTR Altera Corp. 32.38 44.46 37.31%
WFM Whole Foods Market, Inc. 39.32 42.58 8.29%
SIRI Sirius XM Holdings Inc. 3.16 3.87 22.47%
VRSK Verisk Analytics, Inc. 60.53 73.66 21.69%
COST Costco Wholesale 115.39 145.88 26.42%
LMCA Liberty Media Corp. 34.18 37.93 10.97%
SRCL Stericycle, Inc. 113.90 134.01 17.66%
CERN Cerner Corporation 50.19 68.02 35.53%
CA CA Technologies 29.41 31.60 7.45%

The average gain of the entire list was +17.78% while the top five stocks (DISCA, BBBY, ISRG, NTAP, EBAY) gained an average of +12.22%.  This compares with the gain for the Nasdaq 100 index of +23.41% in the same 1-year time period.

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As has frequently been the case, analyst expectations were too optimistic for stocks on the far right (DISCA, CA, CERN, SIRI, NTAP) where the average gains of +10.73%.  Likewise, the view was too pessimistic for stocks on the far left (LMCA, ISRG, WFM, COST, BBBY) which averaged +20.44% in the above chart.

The absolute change in Liberty Media (LMCA) and Intuitive Surgical (ISRG) was the most extreme.  Liberty Media saw its p/e ratio expand from 20 to 72 while ISRG’s p/e ratio increased from 26 to 39.  The increase in the p/e ratio should be expected with the increase in price.  However, value oriented investors would have overlooked these stocks simply because of the high p/e ratios and the expectation of lower earnings by analysts in 2014.

Watch List: May 8, 2015

Below are the Nasdaq 100 stocks of interest:

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Posted in ALTR, BBBY, CA, CERN, COST, DISCA, EBAY, ISRG, LMCA, Nasdaq 100 Watch List, NTAP, SIRI, SRCL, VRSK, WFM

Nasdaq 100 Watch List: April 24, 2015

Posted on April 26, 2015 by | Leave a comment

Performance Review

Below is the performance of our April 25, 2014 watch list.

Symbol Name 2014 2015 % chg
BBBY Bed Bath & Beyond Inc. 62.48 72.53 16.09%
CTRX Catamaran Corporation 38.95 59.56 52.91%
SIRI Sirius XM Holdings Inc. 3.12 3.96 26.92%
NTAP NetApp, Inc. 35.00 36.12 3.20%
ISRG Intuitive Surgical, Inc. 366.37 505.92 38.09%
DISCA Discovery Comm 39.14 32.71 -16.43%
VRSK Verisk Analytics, Inc. 57.81 72.68 25.72%
COST Costco Wholesale 115.01 148.12 28.79%
ALTR Altera Corp. 33.09 40.89 23.57%
SRCL Stericycle, Inc. 113.96 136.94 20.16%
CERN Cerner Corporation 49.51 73.32 48.09%
ROST Ross Stores Inc. 67.77 104.38 54.02%
MAT Mattel, Inc. 37.99 30.20 -20.51%
DLTR Dollar Tree, Inc. 51.36 81.14 57.98%

The average return for the entire list was +25.62% compared to the Nasdaq 100 index gaining +28.41% in the same period of time.  The top five stocks on our list (BBBY, CTRX, SIRI, NTAP, ISRG) gained +27.44% in the last year (excluding dividends).

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As is common with our watch lists, a stock is being acquired at what we believe is a premium.  CTRX is being acquired by UnitedHealth (UNH), a Dow Jones Industrial Average component.  At the time of our watch list last year, CTRX was within 3% of the low.  Additionally, the announcement of the purchase by UNH followed the pattern of many companies buying the intended target after a gain over of +24% within the year and +177% within the last 5 years.

Nasdaq 100 Watch List: April 24, 2015

Below are the 9 Nasdaq 100 stocks that we think are worth your consideration:

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Posted in ALTR, BBBY, CERN, COST, CTRX, DISCA, DLTR, ISRG, MAT, Nasdaq 100 Watch List, NTAP, ROST, SIRI, SRCL, VRSK

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