PBPB - Potbelly Is Still Too Expensive At $4

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I’ve been very critical of sandwich shop chain Potbelly (PBPB) in the past. The company’s stores are unique and interesting, the food is good, and the prices are reasonable. However, the concept simply hasn’t worked over the years in terms of turning the brand into earnings, and I’ve thus complained about the valuation exceeding reasonable thresholds. The enormous selloff the stock has seen thus far in 2019 is a start, but given the fact that there is literally no visibility into when or if the company may turn a profit, I

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