Costco Stock Is 14% Below Its Record. History Says Buyers Have Usually Been Rewarded.

Costco Stock Is 14% Below Its Record. History Says Buyers Have Usually Been Rewarded.

Past dips in the warehouse club's shares have mostly paid off. Does a better September make this one worth buying?

Costco Stock Is 14% Below Its Record. History Says Buyers Have Usually Been Rewarded

Shares of membership-based retailer Costco Wholesale (NASDAQ:COST) closed at a record $1,094.32 on May 19. As I write, they trade near $942, about 14% below that peak. Drops like this aren't new to Costco, and they've usually worked out for buyers. Counting from 2010 and using closing prices…