Costco Is Being Hurt By This One Factor, Jim Cramer Explains
Costco is trading at a rich multiple.
Costco (COST) - Get Report shares are selling at 25 times earnings and that's hurting the stock, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer.
"You would like to see that multiple come down before you take a stab because that's a very rich multiple for any retailer," Cramer said.
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