« His name was Price. »
Sometimes you can tell when someone is about to do something big in life by their last name. And his last name was Price.
Not that our Coach Gino Poore is destined to be poor his whole life. Definitely not the case.
Sol Price was born in New York City in 1916, son of Jewish Belarus immigrants. During his intense business career, he founded three companies: FedMart, Price Club and PriceSmart. In 1976, Price Club merged into the multinational corporation which operates a chain of membership-only warehouse clubs that we all know today: Costco.
But the businesses he founded, although very important to the vigorous American post-war economy, were merely the instruments of a greater transformation Mr. Price promoted in the country. He is considered the pioneer of the warehouse store retail model. He changed the retail landscape in the US forever.
Price was his name and price was his passion, until he died, in 2009, at the age of 93.
You voted you got it: Costco Wholesale Corporation (NASDAQ: COST) is the Stock of the Week on Tackle’s Instagram. Go to our profile and check the analysis done by Coach Greg Holmes.
That’s a pretty set up. Go check it out!
Chart of the Day
Costco (NASDAQ: COST)
What a price appreciation (+48% YTD). This is Costco (NASDAQ: COST) on a daily candlestick chart, year-to-date. Nice uptrend including a beautiful breakout on Aug 27th.
Go to our profile and check the analysis done by Coach Greg Holmes.
Video of the day
Stock of the Week: Costco
Today’s line up
Markets, Systems, and Conditions Part IV: The Trades Part 12
We are back with our systems and conditions series after taking a small hiatus to discuss the challenges that we can face with certain brokers depending on where you happen to reside.
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