Patient Capital Management New Short Position: Costco Wholesale Corporation
COST short: Initiated put options (1/16/26 P960) on this 'overpriced compounder' trading at 54x earnings despite mid-single-digit growth. Well-run but hard to justify >2x market multiple for low-growth, low-margin retailer. Expect significant downside when market reassesses premium valuation.
Automatically collect high-quality investment opinions from across the web daily
Over 50+ high-quality investment ideas await you every day
Investment insights from 15+ platforms like Substack, Seeking Alpha, X/Twitter, with AI-powered summaries, categorized by industry. Register for free to access all features.