Costco

Range 76.24 - 77.03
52 week 53.41 - 78.46
Open 76.34

Costco plans on expanding its market. With the introduction of caskets in March, weeding dresses in March and know with the introduction of selling rings valued at millions of dollars Costco is trying to make an attempt to bring a new name to wholesale. Recently," Costco’s Chief Financial Officer, Richard Galanti told WSJ, “Although we would rather have lower gas prices and more spending in the store, we do see a pickup in traffic to our gas stations and a small pickup in memberships.” (Shifrin) This idea that gas - an elastic substance- is being offered at much cheaper prices should work as a stimulus and get more people shopping at Costco than at any other store. Not only is Costco expanding its inventory, Costco is also expanding its stores. Expecting to open "the biggest Costco store on Vancouver Island,"(Valley) I believe that the stock might rise in value however with the current rise in value, I can expect the value of the stock to drop rapidly due to the high expectations that many people may have on how Costco stock is doing.

Shifrin, Marina. "Do Walmart and Costco Offer the Best Deals at the Gas Pump? | MyBankTracker.com." Compare Daily Bank Rates, Deals & Reviews MyBankTracker.com. 12 Apr. 2011. Web.
Valley, COMOX. "Costco Looks to June 2 Opening." Canada News. 12 Apr. 2011. Web.

Sophia Beytelman