Jim Cramer Says Costco Is Still a Great Value. Charlie Munger's Rule Explains Why
A 24/7 Wall St. article by Chris Lange reports Jim Cramer's view that Costco still represents great value, a judgment he grounds in Charlie Munger's rule that Costco is the one stock worth looking past the P/E. The article agrees the business is strong — fiscal Q4 comparable sales rose 9.4%, renewals run 89.8% worldwide, and the stock hit $1,068.77 — but argues that at 49 times trailing earnings after a 15.9% one-month rally, calling it a great value is a stretch, and says investors should watch paid member growth, renewal rates, and warehouse openings.
