When a stock costs over $5.00, people don't jump on board like they do when it's under a buck. If Rufus wants a $54 stock - he better show some revenue, positive earnings guidance, manageable debt, and one HELL of a business plan.
Example:
CHSD - share price (projected) $54.00
Outstanding Shares: 62,157,721
Revenue = $351,421 (last 10-K)
Long term debt = over $1,000,000,000 (the bonds are the debt)
JCG - J. Crew, Inc. - share price $26.00
Outstanding Shares: 54,880,000
Revenue = $982,090,000
Long term debt = $320,150,000
Does Rufus think his stock is worth TWICE AS MUCH as J. Crew???