Costco

6602.54 - 6628.292 David Rosenthal

Yeah. Okay. I think it's time to talk about investing nerds' favorite aspect of the Costco story, which is that there really are two different businesses here under one roof. There is the retailer and then there is the membership business. It's almost like way back, Saul and Robert sitting in the office after FedMart thinking, you know what? We actually had two different businesses at FedMart.