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Hodges Friday Fast Five

"In the investment business, you go to school every day, but never graduate." - Don Hodges

Friday Fast Five - 11/11/2022

by Hodges Investment Team, on Nov 11, 2022 7:00:00 AM

Five interesting things that Hodges Capital research analysts discovered this week...

#1 FOLLOW THE PRIVATE EQUITY MONEY: The Wall Street Journal reported that private equity financiers have contributed a record nearly $150 million to this year’s midterm election races, ensuring that one of finance’s most powerful sectors will continue to have the ear of legislators both inside and outside The Beltway.

#2 SOUTH KOREA LABOR CHALLENGES: According to an article published by the Economist, South Korea plans to issue a record number of foreign work visas in 2023, bringing immigration to a historical high. These actions aim to address a shortage of unskilled labor as the country’s rural population continues to shrink.

#3 SALES CYCLES CONTINUE TO INCREASE: As companies assess the effect of a looming recession, more report that sales cycles for purchasing have increased. In addition, the purchasing decisions now require a higher level of authorization than in the previous year.

#4 “PELOTON EQUALS PETS.COM”: Former U.S. Secretary of the Treasury Larry Summers has a tough message to Silicon Valley and technology companies and investors ravaged by the downturn: “Part of it is not coming back.” Summers talked through the confluence of events that has brought Silicon Valley and tech companies to a level of pain he likened to the dot-com bust. “Peloton equals,” he said.

#5 FACEBOOK MAKES CUTS: Mark Zuckerberg announced layoffs of 11,000 employees, 13% of the total workforce at Meta. The layoffs were driven by the recent economic downturn coupled with bad investments made by Meta during the pandemic.


Hodges Private Client is a program offered through Hodges Capital Management, Inc. (“HCM”). HCM is an Investment Advisory Firm registered with the Securities and Exchange Commission (“SEC”), is a wholly owned subsidiary of Hodges Capital Holdings and serves as investment advisor to the Hodges Funds. HCM is affiliated with First Dallas Securities, Inc, a broker-dealer, and investment advisor registered with the SEC.

This discussion is not intended to be a forecast of future events and should not be considered a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing involves risk. Principal loss is possible. Investing in smaller companies involves additional risks such as limited liquidity and greater volatility. No current or prospective client should assume that information referenced in this communication is a recommendation to buy or sell any security or is a substitute for personalized investment advice from your individual advisor. HCM does not provide tax or legal advice. Consult your tax or legal advisor for any related questions.

All information referenced herein is from sources believed to be reliable and is provided as general market commentary and does not constitute investment advice. This material was created for informational purposes only and the opinions expressed are solely those of HCM. HCM shall not in any way be liable for claims and makes no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information. The data and information are provided as of the date referenced and are subject to change without notice.

Hodges Friday Fast Five

We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Private Client research analysts list the five most interesting things they discovered that week. Subscribe to receive the Hodges Friday Fast Five in your inbox every Friday. 

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