COST - Costco Wholesale Corporation

Joe highlights Costco's cult-like customer following, very low membership cancellation rates, customers who love shopping there, great management, and happy employees. He notes investors are willing to pay premium valuations because of its durable competitive moat.

Cited by Nick Sleep as one of his core holdings. Described as a company that doesn't advertise and gives margin back to customers, representing a superior business model.

The host explicitly states that some of the highest valuations are in companies like Costco and Walmart — 'slow growth, but twice the price where they should be.'

Perfect buy trigger on a clean breakout after five-month consolidation. Stop loss at 985 for 7% risk. Not in a leading group but very clean setup for a swing trade.

Costco appeared as a net purchase in Trump's trade disclosures.

Mentioned as a high-quality benchmark company that investors sometimes overpay for, comparing it to Amazon

Cited as an example of a high-quality business that Nick Sleep and the Nomad Partnership identified early and held for exceptional returns. Implied endorsement as a boring, high-quality compounder.

Mentioned alongside other overvalued staple companies that are expensive due to safe-haven capital flows

Mentioned briefly as an example of a stable business that grows in value and is suitable for simple DCF valuation. Presented as a quality compounder fitting his framework.

Nour analyzed the business years ago and did not pull the trigger. Stock has declined significantly since 2022. Does not like the business model. Valuation is getting cheap but he wants nothing to do with it.