Costco stock rose near an early entry buy signal amid news its will sell co-branded Medicare Advantage plans, expanding its array of services.
I'm really disappointed in Costco. The quality of products I use has noticably dropped, they still haven't fixed their chicken CAFO issues of filth and inhumane treatment of birds, Orgain protein powder tested high in lead and other heavy metals, which is still on Costco shelves, and for which Costco is under a class-action lawsuit filing, and now this.
People dependent on SNAP benefits still can't shop online, even though they may be in a food desert, with the only transportation (if mobility isn't an issue) option may be Uber, which is expensive (my nephew's girlfriend pays about $27 for a three-mile ride home from work at 01:00, in a midsize city on the underserved side of town, since my nephew's car was stolen), and delivery/instacart may be the most cost-effective option. But Costco is willing to sell junk, overpriced insurance, which costs all customers and taxpayers more, so line go up. Additionally, the employees seem more stressed. I ran in to a different than normal warehouse after an appointment nearby recently, and the two kids who probably make more than I do, including benefits (if they are still offered at a reasonable price) were surly and careless, almost breaking my eggs, while one of the nicest employees at my regular Costco has been having health concerns, and worries if he can keep his job.
My membership expires at the end of the month. I'll have to research what else is going on and if it's worth the cost of membership, plus a one or two hour ride to my two nearest stores, but I'm down to one share of one stock (because I like their politics, treatment of employees and customers, including offshore employees, and because they offer a good product), and it's not Costco.
If you love Costco like I do, please consider writing the CEO's office, and Board of Directors, and expressing any disappointments, including selling junk insurance to their customers. Thanks for reading this far.