- Potbelly's capital raise should give it enough cash to get to the period of expected positive cash flow in 2H 2021.
- CBD stores will likely face some ongoing headwinds due to the work-from-home trend.
- It is reasonable to believe that Potbelly can get back close to pre-pandemic sales levels in 2H 2021.
- However, Potbelly's market cap is approaching $200 million if the warrants are exercised.
- It had a market cap of around $120 million at the end of February 2020.
For further details see:
Potbelly Corporation: Stock Appears Pricey Despite Bolstered Cash Position