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Stock Market & Financial Investment News

News Breaks
May 22, 2014
08:36 EDTCOSICosi receives Nasdaq notice of minimum stockholder equity non-compliance
Cosė announced that it had received notice from the Nasdaq Stock Market indicating that as of the date of the filing of its Form 10-Q for the period ended March 31, the company has fallen below the $2.5M minimum level of stockholders equity required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1). The notification letter states that the company will be afforded 45 calendar days, or until June 14, to submit a plan to regain compliance. If the plan is accepted, the company may be granted an extension of up to 180 calendar days from the date of notification, or until November 12 to evidence compliance. The notification letter has no effect at this time on the listing of the company's common stock on The Nasdaq Capital Market. Cosė's common stock will continue to trade on The Nasdaq Capital Market under the symbol "COSI".
News For COSI From The Last 14 Days
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July 10, 2014
17:02 EDTCOSICosi names Scott Carlock as CFO
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11:40 EDTCOSIPotbelly plummets to 52-week low after outlook falls short
Shares of sandwich maker Potbelly (PBPB) are tanking after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. WHAT'S NEW: Last night, Potbelly forecast Q2 adjusted earnings per share of approximately 6c and revenue of approximately $83.6M, far short of the consensus estimate of 12c and $86.66M, respectively. The company expects to report a decrease in company-operated comparable store sales of 1.6%, or a decrease of 0.9% when excluding the shift of the Easter holiday from the first fiscal quarter to the second fiscal quarter. WHAT'S NOTABLE: Based on the preliminary results for its second fiscal quarter, management revised its financial outlook for fiscal 2014. FY14 adjusted EPS is now expected to be 18c-21c, far below the consensus of 34c. For the fiscal year, Potbelly sees flat to negative low single-digit comparable store sales, compared to its previous guidance of low single-digit company-operated comparable store sales growth. PRICE ACTION: In late morning trading, Potbelly fell $3.50, or about 24%, to $11.15 on nearly seven times its average daily trading volume. Earlier in the session, the stock hit a new 52-week low of $10.95. Including today's pull back, the stock is down approximately 64% from its first day of public trading. Potbelly opened for trade at $28.66 on October 4 of last year after pricing its initial public offering at $14.00 per share. OTHERS TO WATCH: Other companies in the sandwich space include Panera Bread (PNRA) and Cosi (COSI), both of which are down about 1%.

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