Target Hospitality - Best performing stock in 2023

[Wintergreen78]

It was up 320% last year. It looks like the company provides accommodations in oil country in west Texas.

https://money.cnn.com/quote/forecast/forecast.html?symb=EAGL

Who wants to bet on another big year for them? If I had made this bet at the beginning of 2022, I’d be set!

[Dicey]

What is this, you say, an individual stock?

Not in my vernacular. My brain keeps sending me an error message.

[MustacheAndaHalf]

Exxon Mobil has a $450 billion market cap after rising +86% in the past 12 months.  Do you think they will do that again in 2023?  Because that is the wave that Transportation Hospitality (Nasdaq:TH) was riding when they quadrupled.  I think oil will fluctuate and not provide the same performance this year, which means support companies like TH will probably not grow as fast.
https://www.morningstar.com/stocks/xnas/th/valuation

Despite your hopes to "be set" after betting on one stock, don't do that.  Look up position sizing and understand bets can fail even with the odds in your favor.
https://www.investopedia.com/terms/p/positionsizing.asp

If you make a small bet on beating the market with this stock, then I'd suggest waiting for two events: one, the point of maximum uncertainty and fear over recession.  Oil stocks - and TH - should drop, giving you a buying opportunity.  And if recession fears are correct, the recession will provide another chance to buy.  The only caution is they have a lot of debt, so if debt costs remain high and their business takes a turn for the worse, they could be in trouble.

[reeshau]

Not exactly a rocket ship.  Regained it's value from 2018 this year.  (BTW, its SPAC IPO price)

Oil was not expected to so well in 2022, but did.  So yes, supporting businesses in West Texas did well.  What is the new catalyst?  Another unexpected invasion by an oil-producing nation?  The opening up of the West from another pandemic?

Much more likely, this is a top.