How Joseph Carlson After Hours’s view on $COST changed

Next up, we have Costco, holding number nine. I haven't done anything with this company for a long period of time and I don't plan to. Costco is just going to hang out here. The stock is down a little bit, but overall it still trades at a high valuation.

Fundamentally, it's doing great. There's really no change here.

When I'm an owner of Costco, I like the fact that people like Costco. They like shopping there. They view it favorably. Costco treats their customer well. The customer really enjoys Costco.

That's a symbiotic relationship. I wouldn't like it if Costco treated the customer poorly to try to churn out a little bit more money. That'd be a very poor decision by Costco.

It would serve them in the short term, but not in the long term.