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Cramer on BloggingStocks: Costco warning kicks off the retail sale |
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| Jul 23, 2008 08:30 AM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Industry, Wal-Mart (WMT), Market matters, Safeway Inc (SWY), Costco Wholesale (COST), Stocks to Buy, Cramer on BloggingStocks  TheStreet.com's Jim Cramer says these stocks will be taken killed today, and attentive investors can get them on the cheap.Oh my, Costco (NASDAQ: COST) (Cramer's Take). I didn't expect that one. That's the best -- it's a shocker. I can't recall how many years it has been since I have seen the words "well below" and "Costco" together. You can see how it happened: Costco held out. They didn't raise price. Almost everyone else is raising price and many are losing customers -- look at Safeway (NYSE: SWY) (Cramer's Take) or Supervalu (NYSE: SVU) (Cramer's Take). But two held out: Costco and Wal-Mart (NYSE: WMT) (Cramer's Take). When you lump in the ridiculous price hikes that Costco had to take in its gasoline business, you see that it simply wasn't making much money selling anything. Continue reading Cramer on BloggingStocks: Costco warning kicks off the retail sale Permalink | Email this | Comments<map name="google_ad_map_145-1264662"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1264662?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
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