Seeking Alpha

Potbelly skyrockets in opening trades

  • Potbelly (PBPB) opens trading at $28.66 a share, double the company's pricing of $14 a pop.
  • The sandwich shop has 286 outlets in the U.S. with a strong brand loyalty which typically bodes well for IPO demand.
Comments (6)
  • cgeezy
    , contributor
    Comments (8) | Send Message
     
    ridiculous but still delicious
    4 Oct 2013, 10:29 AM Reply Like
  • Atkins
    , contributor
    Comments (1037) | Send Message
     
    If this is not a harbinger for the impending Twitter IPO, I don't know what is. Bill Miller thinks Apple's currently a "no-brainer" long. Although I agree with Miller, I think the market has proven that anything remotely resembling social media is a coiled-spring no-brainer. I'll take the coiled-spring no-brainer and use the profits to buy and hold the long no-brainer.

     

    The market does not care whether social media companies can montetize anything. Potential is all that matters.
    4 Oct 2013, 11:36 AM Reply Like
  • optionsexpert
    , contributor
    Comments (279) | Send Message
     
    What do sandwiches have to do with social media?
    4 Oct 2013, 11:48 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (17859) | Send Message
     
    It's just part of the overall bubble.
    4 Oct 2013, 01:42 PM Reply Like
  • Atkins
    , contributor
    Comments (1037) | Send Message
     
    Correct, Paulo.
    4 Oct 2013, 02:46 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (17859) | Send Message
     
    If Twitter lists just $1 billion, it too will be up 50-100% and that will give another unprofitable company a market cap of $45-$60 billion.

     

    But no worries, Bernanke sees no bubble.
    4 Oct 2013, 02:54 PM Reply Like
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