Shaun Currie, CFA
Long/short equity, hedge fund analyst

PotBelly: More Downside Ahead

Potbelly (NASDAQ:PBPB) has been one of the high-flyer IPOs of 2013, but has seen a recent sell-off. After reviewing the company, I think there is more downside ahead. The main issue has to do with the company's highly concentrated store base as it moves to a nationwide chain. This move should result in higher marketin...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
You are protected by the Seeking Alpha Money Back Guarantee and will get a prompt refund on the unused portion of your subscription at any time, for any reason.