PriceSmart, Inc. (PSMT) is Latin America's smaller version of Costco Wholesale Corp. (COST). This small, but rapidly growing warehouse store has been on a tear for quite a while now. With a market capitalization of just $2.6 billion, it does not receive much coverage.
I first encountered PSMT while analyzing a range of retailers. PSMT's performance across a wide range of metrics was often superior to larger, more established companies like Target Corp. (TGT), Wal-Mart Stores, Inc. (WMT) and COST. However, they were still quite small. My first focused article was written in February of 2011 when the stock was at $37.68. I revisited PSMT with a second article in...
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