Charlie Munger Identified This Stock 30 Years Ago After Warren Buffett Passed On It: Here's How It Is Doing Now
Charlie Munger Identified This Stock 30 Years Ago After Warren Buffett Passed On It: Here's How It Is Doing Now
On the other hand, Munger admired Costco's business model and recognized its unique approach to retailing, including its efficient operations, low prices, and membership model."I love everything about Costco," the late veteran investor Charlie Munger said during the Daily Journal's annual shareholder meeting back in February 2023.
"我喜欢好市多的一切，"已故投资者查理·芒格在2023年2月的每日期刊年股东大会上说道。
Zoom in the future, the company has reported fiscal 2025's first-quarter revenue and earnings per share beating analyst estimates.
展望未来，该公司报告了2025财年第一季度的营业收入和每股收益超出分析师预期。
What Happened: Munger, who passed away last year, had a seat on Costco Wholesale Corporation's (NASDAQ:COST) board till his death. This seat was first offered to Warren Buffett in 1997, which he declined, saying that retailing was a difficult business.
发生了什么：芒格于去年去世，他在好市多批发公司的（纳斯达克：COST）董事会中直到去世时仍有一席之地。这个席位最初在1997年提供给沃伦·巴菲特，但他拒绝了，表示零售业是一项困难的业务。
On the other hand, Munger admired Costco's business model and recognized its unique approach to retailing, including its efficient operations, low prices, and membership model.
另一方面，芒格欣赏好市多的商业模式，认可其独特的零售方式，包括高效的运营、低廉的价格和会员制度。
"I'm a total addict, and I'm never going to sell a share," said Munger during the aforementioned shareholder meeting.
"我是个彻底的上瘾者，我绝对不会卖出任何股份，"芒格在前述的股东大会上说道。
"I wish everything else in America was working as well as Costco does," he said in early 2022. "Think what a blessing that would be for us all."
"我希望美国其他一切都能像好市多那样顺利运行，"他在2022年初说。"想想这对我们所有人来说将是多么大的祝福。"
According to Benzinga Pro data, the shares of the company have risen 4,536% since 1997.
根据Benzinga Pro的数据，该公司的股票自1997年以来上涨了4536%。
Why It Matters: Costco's management highlighted four new milestones achieved by the company during the first quarter.
重要性：好市多的管理层在第一季度强调了公司取得的四个新里程碑。
According to the president and CEO of the company Ron Vachris, "Costco Logistics completed nearly 1 million deliveries in Q1 and over 196,000 deliveries last week alone." He said that Costco continued to gain market share within the e-commerce space, during the analyst earnings call held on Thursday.
根据公司总裁兼首席执行官Ron Vachris的说法，“好市多物流在第一季度完成了近100万次交付，仅在上周就完成了超过196,000次交付。”他说，在周四举行的分析师业绩会上，好市多在电子商务领域继续获得市场份额。
Secondly, Costco's U.S. bakery division, "Reached new records of 4.2 million pies being sold the three days prior to Thanksgiving," said Vachris.
其次，Vachris表示，好市多在美国的烘焙部门，"在感恩节前三天售出了420万份派，创下新纪录。"
Talking about the pharmacy business Vachris added, "Our U.S. pharmacy business has prescription growth exceeding 19% for the first quarter, setting new volume records for that business." And lastly, on Halloween Day, Costco, in its food courts, "set a new record of 274,000 whole pizzas being sold."
谈到药房业务时，Vachris补充道，"我们美国的药房业务在第一季度的处方增长超过了19%，为该业务设定了新的成交量记录。"最后，在万圣节那天，好市多在其美食广场，"创下了售出274,000个整比萨的新纪录。"
"All of these milestones reflect the continued strength of our business across the membership offering," said Vachris.
"所有这些里程碑都反映了我们的业务在会员服务方面的持续强劲，" Vachris表示。
What Are Analysts Saying: According to Benzinga, Costco has a consensus price target of $954.38 based on the ratings of 26 analysts. The highest price target out of all the analysts tracked by Benzinga is $1145 issued by Jefferies as of Dec. 5, 2024. The lowest target price is $700 issued by Barclays on March 11, 2024.
分析师的看法：根据Benzinga，好市多的共识目标价为954.38美元，基于26位分析师的评级。Benzinga跟踪的所有分析师中，最高目标价为1145美元，由杰富瑞于2024年12月5日发布。最低目标价为700美元，由巴克莱银行于2024年3月11日发布。
The average price target of $1073.33 between Telsey Advisory Group, Oppenheimer, and Jefferies implies a 10.10% side for Costco.
Telsey咨询集团、Oppenheimer和杰富瑞的平均目标价为1073.33美元，暗示好市多的上涨空间为10.10%。
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Photo courtesy: Shutterstock
照片提供：shutterstock
译文内容由第三方软件翻译。
