1 Stock That Turned $2,400 Into $1 Million [Yahoo! Finance]
Costco Wholesale Corporation (COST)
Last costco wholesale corporation earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
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Source: Yahoo! Finance
However, you'll still need two key ingredients: time and solid, consistent returns. Find a business that can steadily build market share and earnings power over several decades, and you've got a great shot at seeing life-changing levels of gains. You don't need to own highly speculative tech stocks to see this type of growth, either. There's a retailer, in fact, that has helped create many millionaires since its initial public offering in 1985. With $2,400 invested in the stock at its IPO price, you'd have over $1 million today (not including dividends). Read on to see which retailer made this impressive feat happen, and how the chain has continued setting records in 2024. The math The retailer in question is none other than Costco (NASDAQ: COST) , which went public in Dec. 1985 at an IPO price of $10 per share. Adjusting for stock splits, that IPO price was approximately $1.67 per share. Investing $2,400 at that time (or about $6,500 in today's dollars) would have given you a
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COST
News
- 3 pros and cons of investing in gold this May [CBS News]CBS News
- I'm a Shopping Expert: Why It's Not Worth the Time or Money To Return These 4 Items [Yahoo! Finance]Yahoo! Finance
- I'm a Shopping Expert: Why It's Not Worth the Time or Money To Return These 4 Items [Yahoo! Finance Canada]Yahoo! Finance Canada
- The Single Best Thing To Buy at Costco in May 2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- The Single Best Thing To Buy at Costco in May 2024 [Yahoo! Finance]Yahoo! Finance
COST
Earnings
- 3/7/24 - Beat
COST
Sec Filings
- 4/18/24 - Form 4
- 4/17/24 - Form 144
- 4/10/24 - Form 8-K
- COST's page on the SEC website