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I think the market is being silly with respect to COST. They put in solid numbers. I really see very little overlap between Whole Foods and Costco, and nothing has changed with respect to Amazon either.

I still think the merger is a non-event for Costco. But I sometimes wonder if I'm missing something, or if the market is just being hysterical and overreacting to this.

Turns out it was a good thing I didn't have time buy most COST yesterday before market close. It's on sale today, IMHO.

1poorguy
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