new jersey deli worth 100 million

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. The 100M company that only owns a New Jersey deli with 35000 in sales over the last two years Hometown Internationals CEO Paul Morina is the principal and head.


Notorious New Jersey Deli Once Worth Over 100 Million Cut Cold Closes Doors

New Jersey deli valued at more than 100 million delisted from stock market By Alexandra Steigrad April 22 2021 202pm Updated Paul Morina listed in financial records as.

. And according to the stock market this one. It is mostly unremarkable except that it is publicly traded on the stock market where it is valued at over. 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.

The Paulsboro New Jersey-based Your Hometown Deli is the sole location for Hometown International which has an eye-popping market value despite totaling 35748 in. Despite its modest business the delis shares publicly traded since 2019 have soared nearly 300 in the past year to nearly. Against all logic a small New Jersey deli is worth just over 100 million on the stock market.

Three men were charged with fraud and other crimes in a scheme involving a company that was worth 100 million in the stock market. Now to an economic mystery. That was a drop from nearly 22000 the year before.

By Matt Levine April 19 2021 442 PM UTC Gift this article Follow. The Securities and Exchange Commission charged three men on Monday with artificially inflating the share price of a company thats only asset was a deli in suburban New. Last year the Your Hometown Deli.

In a small town in New Jersey there is a deli just a little sandwich shop. Theres a little deli in Paulsboro New Jersey called Hometown Deli. 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.

RACHEL MARTIN HOST. Your Hometown Deli which is owned by Hometown International reported. Dan Mangan CNBC 9262022.

Then again Your Hometown Deli is not your ordinary deli nor does it seem to be much of a deli at all. 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. Everyone Loves the 100 Million Deli Also Hertz corporate access a Credit Suisse lawsuit and HSBC hot desks.

The delis parent company Hometown International whose operations. 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.


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