Why I Think It’s a Good Time to PLAY Dave & Buster's

Let’s talk about Dave & Buster's Entertainment (NASDAQ:PLAY). I will be the first to tell you, I typically don’t like cute symbols. Nevertheless, you can see by that chart (watch the video above), it has been a lot of fun.

Here is one of these stocks that if you look at the PER, the traditional valuation metrics, you’re going to think it’s overvalued. But if you look at the growth and how they turned this company around, you can understand that the next breakout here -- through $35 in my mind -- takes it well north to $40. I think it’s a 20% move, perhaps within this calendar year.

I would add the caveat that it’s a little more volatile and riskier than some of the ideas I’ve come up with in the past, but I love the restaurant space. And I think this is where those people, the 100,000 to 250,000, when they start to spend, they’re going to start at Dave’s, then move their way up.