Warehouse retailer Costco's (NASDAQ:COST) stock is sitting, along with much of the market, at close to record highs. It's also valued at a hefty premium when compared with its rivals. But there are good reasons for investors to be bullish on the company's prospects from here. Fool contributor Demitrios Kalogeropoulos discusses the reasons he thinks Costco deserves its premium valuation.

Fool contributor Demitrios Kalogeropoulos owns shares of Costco Wholesale. Erin Miller has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Costco Wholesale. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.