Dutch Brothers (BROS)

It went public a year ago and rode a rollercoaster, but he likes below $40 which is where it is after a sell-off. It's profitable and expanding alot. Their last quarter was fine.

He thinks this can recover. It's a beloved brand, sure, but that can only get them so far. They report earnings Wednesday.

Last year, he passed on all the IPOs and SPACs, because they were too expensive. Since then, all have been crushed. One exception is Dutch Bros. When it became public, he felt this was pricey at $53, but it has fallen to $48. The market has turned against growth stocks, but this has held up well. Dutch Bros. keeps putting up excellent numbers, so the share price hasn't fallen that much. Two weeks ago, they reported 10% same-store sales growth, and a record 35 store openings in Q4. It's a chain that's taken the country by storm. Its 180-day lock-up expires today.

A coffee maker from the northwest. Their model of kiosks selling in parking lots is great, better than indoor malls. A recent IPO, shares have been hammered, but he sees upside--we all need caffeine.

It reports Wednesday. It's one of the hottest IPOs of the year. The stock is expensive, though it pulled back some this week.

It went public two weeks ago at $23, surged to $55 and has since settled around $45. It's profitable. Its shares are being valued on its coffee and not the fundamentals--this makes no sense. Customers enjoy the huge caffeine in their coffee (he got charged by it).