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Restaurants have been extremely volatile since the virus crisis began. This is understandable, but there have also been big winners and big losers in the post-COVID-19 shuffle. One company that has seen its share price more than double from its lows is perennial underperformer Potbelly (PBPB), a company I've been bearish on for a long time. While Potbelly's shares are showing signs of life, I remain bearish.
COVID-19 exacerbating preexisting issues
Potbelly, it should be said, wasn't in a good position before the crisis came. Its revenue growth had turned negative,