bhofack2 Portillo's (NASDAQ:PTLO) shares have fallen 40% year-to-date and are now off 55% over the past year. Investors have fled the stock following a disappointing first quarter earnings report, concern over consumer spending, and persistent selling by private equity firm Berkshire Partners (not affiliated with Berkshire Hathaway) since the IPO. While 1Q numbers weren't great, at today's price, I see little fundamental downside in Portillo's shares (discussed below) and think investors are overlooking ...