Costco's earnings report revealed an IT issue that was affecting its financial reporting. The financials are probably not all that different than we think they are, although I can understand why investors would still want to sell some of their position in Costco.
Here's the rub. Costco is a particularly fundamentally sound company that's getting it right on digital growth and customer loyalty. Since the stock fell 5%, I think it now has 5% upside for its next earnings report, assuming it fixes its It issue.
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