new jersey deli worth 100 million
New Jersey Fraud Securities and Exchange Commission Money The owners of a New Jersey-based deli were recently charged in a market manipulation scheme after they were. Your Hometown Deli which is owned by Hometown International reported.
Bubble Stock Investors Value Single New Jersey Deli At 100 Million Dollars
Against all logic a small New Jersey deli is worth just over 100 million on the stock market.
. Not 100 million worth of valuable. Anyway as Einhorn says the stock got as high as 1450 on Feb. It seemed wildly improbable even by the standards of the meme stock craze - a publicly traded New Jersey deli that had less than 40000 in annual revenue and yet somehow.
Back in April a tiny New Jersey -based deli made headlines after it was valued at 100 million on the stock market and now we know why. Hometown International Inc the deli in Paulsboro New Jersey that is a 100 million public company for very perplexing reasons had another good day yesterday. It is mostly unremarkable except that it is publicly traded on the stock market where it is valued at over.
Theres a little deli in Paulsboro New Jersey called Hometown Deli. The delis parent company Hometown International whose operations. RACHEL MARTIN HOST.
That was a drop from nearly 22000 the year before. Last year the Your Hometown Deli. 8 for a market cap.
In a small town in New Jersey there is a deli just a little sandwich shop. Then again Your Hometown Deli is not your ordinary deli nor does it seem to be much of a deli at all. Now to an economic mystery.
Despite its modest business the delis shares publicly traded since 2019 have soared nearly 300 in the past year to nearly. And according to the stock market this one. The 100 million New Jersey deli as Your Hometown Deli came to be known was first brought to the publics attention by investor David Einhorn in a 2021 letter to clients.
This is not a fully satisfying explanation or anything. Hometown owner of a single deli in Paulsboro New Jersey recently attained a market value in excess of 100 million despite booking just over 35000 in combined sales. The largest shareholder is also the CEOCFOTreasurer and a Director who also happens to be the wrestling coach of the high school next door to the deli.
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