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There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market

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This tiny New Jersey deli has a market cap of more than $100 million.

Hometown, which appears to have begun trading in 2019, according to FactSet, has shares that trade over the counter and rarely has more than a few hundred shares change hands per day. Often, there are no trades logged in an entire trading day.Hometown did not immediately return a request seeking comment made to the phone number listed in the company's securities filings. A manager was not available to comment at the deli's phone number.

According to the company's latest 10-K filing, the company's single location was closed from March 23 to September 8 of last year because of the coronavirus pandemic. During that time, the company's stock price rose to $9.25 per share from $3.25 per share. It last traded at just under $14 per share. The company sold 2.5 million shares last year and has about 60 total shareholders, according a filing.

 

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I guess old paper hands CNBC doesn’t have the balls to play the pink sheets.

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Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

$100 million New Jersey deli company Hometown International delisted from an over-the-counter marketHometown International has a high market value given meager sales at the Your Hometown Deli in Paulsboro, N.J., its sole business. by 'not complying with rules' do you mean 'being an obvious fraud?' Wait there’s rules on the pink sheets? Rules for fraud? Someone make a movie
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