Chris Forte’s “Thoughts to Start the Day” – DLPN, HYRE, GDLLF

Posted on May 26, 2022 by Scott Shuda

Josh Ebben, Breakout Investors’ indispensable human Swiss Army Knife, was kind enough to post for us, “Dolphin Entertainment: A High Risk But Higher Reward Bet” written by Florian Buschek and published on Seeking Alpha yesterday.

*DLPN has made a roundtrip from the $3s to the $30s and back to the $3s. *There are several issues that caused the recent drop, including a weak market, broad NFT sell off and internal issues. *At the current price, DLPN is highly attractive, with up to 100% upside potential in the medium term. *Investing in DLPN is a bet on CEO and founder Bill O’Dowd.

Josh also gives us a heads up with “HyreCar Appoints New CTO to Scale Platform Capacity to Over 100,000 Vehicles.” HYRE is a car sharing marketplace for ridesharing and food/package delivery.

Both DLPN and HYRE can be found in Brad Steveson’s room.

Geodrill: Florian says, “I received info the company will get a proper OTC listing in about 6-8 weeks.”

Scott Shuda presents something an investor can sink their teeth into…”Wheat setup for YE22 Shortfall and Another Price Spike?” Scott lays out charts of various food commodities and presents this on-point food for thought… “The obvious questions about wheat are… 1. Will there really be a shortfall of wheat available to adequately supply international demand? 2. How will the market react – are their viable substitution options? 3. Is the likely supply/demand imbalance already priced in?

DLH Holdings (DLHC) has been awarded an Indefinite Delivery/Indefinite Quantity multiple award contract to provide health-related research and development and support services to the Department of Defense.

“The medical research activities covered in this contract perfectly align with our expanded core competencies, positioning us well to win task orders on this ID/IQ contract.” said Jackie Everett, DLH Chief Growth Officer. LJH Investment Advisors’ Larry Haverty: “ There’s no such thing as an intellectual bottom. There’s only an EMOTIONAL BOTTOM. Get me out of here! I want out of Dodge as quick as possible. So look for signs of emotional distress.” Haverty says, “You can’t break your neck falling out of the basement.” Many stocks are trading at attractive prices at 3-6x cash flow, like retailer Dicks. You can’t go broke buying 3X cash flow. Share repurchases will moderate things. He likes Google and Meta. “At some point you have to tone out the news. At the end of the day cash flow matter.”

Say what? The S&P is up 3 of the past 4 days. This is the best week for indexes since March which seems like a long, long time ago. This morning is looking good as well.

Mark my words: Mark Mobius says, “Now is the time to start thinking about what to pick up,” He likes tech companies with growth and earnings.

Retail tales: Williams Sonoma (WSM) and Macy’s (M) rang up with big quarterly beats.

Hit the road Jack: Gas prices just hit a record high but indications are there will be a huge travel surge this weekend. ““Some national parks have long waiting lists for camping reservations. When you have to wait a year to sleep next to a tree, something is wrong.” -GEORGE CARLIN

Good luck to all – Chris

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