I don't share my investment specifics, but I have a sizable position at an average price a little above where it's currently trading, mostly as a result of trading in and out and buying an initial purchase in the mid-teens during the drop from .25.
I have patience and time -- that plus a winning business concept usually equals success. Parsi is the wildcard here, but I continue to believe that Giggles can succeed despite his presence. We'll see.
I'll become concerned when the Yelp ratings begin to drop into the two and three star area. Right now the main takeaway is this:
People are not spending money at Giggles because they don't have access to one near where they live. If they had access, would they go? I believe so.
The next question becomes whether there will be access in the future. I tend to believe that supply and demand eventually meet. And in time, there will be demand for a Giggles-type concept everywhere.
