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Potbelly Corporation (PBPB)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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5.33-0.17 (-3.09%)
At close: 04:00PM EST
5.40 +0.07 (+1.31%)
After hours: 04:29PM EST
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  • S
    Steven
    Company not expanding, nothing new on their menu

    Dead company.

    Great sandwiches, bad leadership
  • a
    aabbg
    PBPB + AABB Asia Broadband/ Asia Metals Up 6,000 % in 2021 + ALPP = 2021 /2022 Massive Gain$.??
    Bullish
  • A
    Anonymous
    They have a wonderful product but corporate does not know how to run/support the stores. Very little guidance and quality is not the same from store to store.,
  • C
    Chris
    Taking the PPP money will be bad for their image. They should have tapped private equity markets instead of taking money meant for main street. Average loan was $50k, so they took 200 companies worth. PR disaster for them.
  • d
    donald
    Seems weird the day potbelly has news about new executive,they get some 12 year old to do a YouTube video on how potbelly is high on the bankruptcy list singling them out three times,sad
  • D
    DowPete
    Not sure what bulls see in this company. Strong competition for quality and price everywhere.

    Chicagos' Lincoln Square location is empty Fridays and Saturdays. Maybe there was a lunch rush but we have saturated food choices. Jimmy Johns, Subway, Taco in a bag, Chubby Weiners, Costellos (closed recently) and others.

    Company still losing money, right?
  • L
    Live forever
    I have been following this for a while and wanted to find a compelling reason to buy due to the price decline, however, after some research..
    -Losing streak for multiple years
    -Even lost $ LY in awesome economy
    -Their numbers are rebounding like other restaurants but if couldn't make $ LY???
    -Renegotiated most of their leases (10Q said these were inconsequential - likely deferments, not concessions)
    -Getting kicked out of Company HQ (owe landlord $900k)
    -Lost their new VP of franchises after 1 year (he bailed to a competitor)
    -CEO was given the boot, new CEO was unemployed so it is not like he was wooed away (good experience though...)
    -Legal council/head of HR is leaving after 14 years
    -Rumors of layoffs coming
    -Rumors of closing 100 locations down to 30 (a positive)
    -Bank line of credit renegotiated 3x recently and was cut from $40M to $30M (they opened another for $10 due to PPP loan for $10)

    I used to be a retail analyst and the overhead of the lease payments is what is going to kill them. The snowball is rolling downhill.

    I would recommend to longs that you take advantage of this surge and get out. Be thankful you are not a commercial landlord and seeing your fortune revalued by CV19 and the internet.

    BTW, their RSI is high, indicating the stock should trade lower soon.

    Best of luck to all.
  • s
    scott f
    Anyone done profitability by restaurant analysis for PBPB? Curious how profitability by restaurant changes among different vintages (i.e. profitability of new restaurants opened in 2014 vs. those newly opened in 2017)?
  • B
    Bellstreetboy
    Trying to understand the negative reaction to the appointment of the new CFO. Anyone with any insight?
  • J
    Jorge
    This will be the next Pump stock. Wsb called it
  • D
    DowPete
    On no, new low.
  • R
    R
    Q2 same store sales down 4%, inclusive of a 2% per order increase? 2Q Marketing spend and costs all up. Q1 sales decrease blamed on weather and government shutdown. No explanation provided for 2Q continued underperformance and reduced EBITDA. Why the continued momentum in losing market share from the turnaround specialists? Board has to worry about their fiduciary duty to this company if this team does not meet its own Q3 EBITDA target.
  • J
    Jeff
    JAMES' Junk Stock is $13.32 up 2.5% today. Just my ignirant personal opinion...I think it a bit too early here to see 14s but what do I know? I see the stock as perfectly valued fine in low to mid 13s and overextended much beyond that until we get another earnings report or 2 in the books showing more improvements made on the balance sheet. Perfectly happy either way as a long.
  • D
    DowPete
    I passed two Potbellys in Chicago. Empty parking lot and deserted srores. Warning since $22/ share. Avoid.
  • D
    D Value Holdings
    Yes, baby! YES BABY! We're back! The "on-going concern" warning has been removed. Look at that growth, even with covid-19! This should be trading MUCH higher!
  • D
    DOWPete
    Competition is fierce in the Chicago market. Jersey Mikes is garnering a corner on sub market.
    $pbpb Going concern maybe, but not really a growing concern.
    Bearish
  • j
    james
    Big news
    Wendy’s exec is coming on board
    Hopeful he can grow a great product
  • F
    Forsure Faith
    KaChing folks
  • M
    Mike
    little nervous with pbpb... own at $2.78..
  • Y
    Yahoo Finance Insights
    PBPB is up 5.46% to 12.55
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