new hero

Noooo kidding! I'm half tempted to get an online membership and mail order something. Sending them a 'you go' email doesn't feel like enough. I worked in retail hell for years, barely scraping by and never getting health insurance. This guy is a friggin saint, and deserves cheers, not Wall Street dickheads trying to make people think that being good is bad for business.

Wow! That's awesome! I kind of wondered if Costco was like Wal-Mart (I won't shop there), screwing over their employees & buying third rate crap from overseas. I'm glad to hear I can shop there with a clear conscience!

...The last sentence's "there" being Costco. :)

Saying you hate wall street because of some analysts opinion is kind of like hating hollywood because you disagree with a movie reviewer. (there are much better reasons to hate both!)

A good number of analysts seem to like Costco, and investors are not to unhappy either, in the last 12 months the stock is up a little more then 10%.
(Walmart is almost the same price as it was 12 months ago).

But it’s not just the particular analysts I’m disagreeing with. It’s the mentality and I think that mentality is still pretty extensive in the financial market. It used to be when you invested you looked who was going to be there for the long haul. Now you look for the quick buck. But the quick buck is not seeing the forest through the trees.

Henry Ford paid his people a wage high enough to afford his product and his company thrived. As more and more jobs are sent to China, Mexico, etc. for cheaper labor the product price does go down but we will hit a point that even though the product is cheap there is not enough people left who are able to afford to buy them. But people aren’t thinking of the future, just the momentary gain. They are moving towards destroying their own market base for a quick dollar today.

A strong middle class is what keeps this country economically strong and I think if we continue down the path we are we will destroy it. Not today or tomorrow, but 30 years from now, very possible.

I agree that there are a lot of people in the market who are into the quick profit taking mentality, but I do not think they are they majority. They might be the most vocal, but not the majority. While I do not agree with the analysts opnion you quoted, I do not think he is in for the quick profit either. He just thinks there are better investments to be made in company other then the employees. Walmart is not screwing over their employees for the quick buck, they are doing it so they can be around making bucks for a long time.

All the points you made are good and valid, but I do not think Wall Street is what is driving companies to make these decisions. The companies want to maximize their profits. Walmart is sucsessfull because the american consumer is willing to screw people over to save a nickle. Sure, as more people shop at Wal-Mart the stock price goes up, but that is because profits are up. These companies would be making all these bad decisions if they were publicly traded or not. In fact you could argue that the fact they are publicly traded makes there decisions a little less shady.

So yea, support Costco. show that some american are not willing to sell their souls for a nickle.

I think I am rambling.