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The Honolulu Advertiser

Posted at 11:02 a.m., Tuesday, December 26, 2006

Wachovia picks Costco as top 2007 stock

Advertiser Staff

Wachovia Securities named Costco Wholesale Corp., which operates warehouse membership clubs in Hawai'i and elsewhere, as its top stock pick for 2007, according to Bloomberg News.

Rising membership fee income growth and share repurchases will boost the stock, analysts including Peter Benedict wrote.