Costco Stock: Long Road To $300

I’ll cut to the chase: It should take ten to fifteen years for Costco stock (CSCO) to reach an earnings level that would justify a price of $300 per share, roughly double the $149 price of Costco stock that existed as of Friday’s close.

Considering that Costco stock only offers a starting dividend yield of around 1%, I assume that most people own Costco stock because they want it to give them strong capital appreciation.

That makes me pose the question: What business results would be necessary for this stock to legitimately double in value?

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