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Wednesday, Nov 28
2012, 3:35 PM
Costco (COST +6.2%) seems to be firing on all cylinders despite the macroeconomic questions...
Costco (COST +6.2%) seems to be firing on all cylinders despite the macroeconomic questions circling around. Shareholders fresh from the buzz of a special $7 per share dividend also heard the company all but promise to keep dividend "activity" and share repurchases percolating right along. New stores are still on tap to complement the brisk same-store sales gains the retailer is seeing in the U.S. and globally. Amid a flurry of gushing analyst praise, Fitch kept its cool with a minor credit rating cut on COST to A+ from AA-.