Maybe for a quick run, but long term sustained prices must be accompanied by supporting fundamentals. I'm not in this to flip shares -- I have lots of other stocks that I trade.
I think in time Giggles can be a $3 to $5 stock -- maybe JK or some of the other more experienced investors here can support or refute -- but at the end of the day, if there's 300M OS and a $5/share price, that's a MC of around $1.5B.
Chuck e Cheese sold for around that price two years ago. Now, I'm not sure that Giggles will ever be as big as Chuck e Cheese but it's certainly possible in 5-10 years if they go the corporate franchise route, international, etc. Chuck e Cheese gained its popularity for being the only game in town in many cities across the US, but it also has a major issue with its reputation of being unclean and unhealthy.
Giggles needs to find its niche -- it's more expensive so it's going to cater to a different clientele. But if Starbucks and Dunkin can coexist, so too can Giggles and CEC.
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