'Warehouse
Winners'
#3 - COST
(COSTCO WHOLESALE CORPORATION )
"I am convinced
that COST is the cheapest and best run of all the big warehouse stores.
COST's not just
happy with their current lineup; they're also branching out into
electronics. They should be able to make a lot of money
there. Because, with a Costco membership, you never need to
buy a warranty!
You know,
Costco's also kind of got this 'reverse Chic' thing going - Walmart's
never going to have that. What do I mean? Take a
look at your Costco parking lot... yeah, you see it. You've
got the Benz crowd - the Lexus - a lot of Bimmers... this is supposed
to be a cheap discount warehouse. It's full of rich
people!
Sure, they pay
their employees high wages, but maybe you don't need to pay your
employees terrible wages to prosper."
#4 - MW
(THE
MENS WEARHOUS)
"I know, we joke that we
can't take this stock seriously... you know what? Their
wrong. They keep rolling out concept after concept.
When Men's Warehouse saturates, they've got Moore's, which is still
growing. Moore's start maturing? They roll out
K&G to keep up their growth.
I think MW,
though managed like a mom and pop store, may be the most creative of
all the national chains that Cramer follows!
The bottom
line!:
You take a look at COST, and you take a gander at MW, if you want to
try to make some retail mad money!"
