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Apr 15 - Single NJ deli doing $35,000 in sales valued at $100 million in the stock market



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 1 month ago '11        #1
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Sin  topics gone triple plat - Number 1 spot x29
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Apr 15 - Single NJ deli doing $35,000 in sales valued at $100 million in the stock market
 

 
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Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million.

The Paulsboro, New Jersey-based Your Hometown Deli is the sole location for Hometown International, which has an eye-popping market value despite totaling $35,748 in sales in the last two years combined, according to securities filings.

“Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey ... HWIN reached a market cap of $113 million on February 8. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing,” Einhorn said in a letter to clients published Thursday.

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.

Still, the company’s market cap is just over $100 million, according to FactSet.

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.

Hometown reported more than $600,000 in expenses last year, up from about $154,000 in 2019. The company also reported a net cash gain of $2.2 million from financing activities, such as selling stock, in 2020.

Einhorn’s highlighting of Hometown comes as politicians, regulators and high-profile investors have publicly fretted about the boom in certain types of stocks over the past year.

As a new wave of retail investors joined the market in recent months, special purpose acquisition companies have launched at a record pace and some stocks, like GameStop and Discovery, have seen wild swings after being bid up by traders on Reddit or hedge funds.

The over-the-counter stock market, often referred to as pink sheets and penny stocks, have historically been a risky place for investors. Shares of penny stocks have also soared in recent months.

visit this link https://www.cnbc.com/2021 .. ck-market.html
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73 comments
 

 1 month ago '11        #2
Sin  topics gone triple plat - Number 1 spot x29 OP
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this sh*t doesn't make sense
@


Last edited by Sin; 04-15-2021 at 02:33 PM..
+32   

 1 month ago '09        #3
messy marv stan  topics gone triple plat - Number 1 spot x62
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the deli is a front for mafia business
+121   

 1 month ago '16        #4
00010111  topics gone triple plat - Number 1 spot x4
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+17   

 1 month ago '11        #5
Sin  topics gone triple plat - Number 1 spot x29 OP
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 messy marv stan said
the deli is a front for mafia business
president and CEO Paul F Morina







+46   

 1 month ago '20        #6
MeNoSenYouNoCom  topics gone triple plat - Number 1 spot x7
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 Sin said
this sh*t doesn't make sense
@
them sandwiches crazy good sun
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 1 month ago '11        #7
Sin  topics gone triple plat - Number 1 spot x29 OP
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 MeNoSenYouNoCom said
them sandwiches crazy good sun





+36   

 1 month ago '07        #8
young mad 
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Paulsboro
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 1 month ago '20        #9
MeNoSenYouNoCom  topics gone triple plat - Number 1 spot x7
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 Sin said





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 1 month ago '20        #10
MeNoSenYouNoCom  topics gone triple plat - Number 1 spot x7
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 Sin said
president and CEO Paul F Morina







the mothers face in this scene
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 1 month ago '07        #11
iTzMe!  topics gone triple plat - Number 1 spot x1
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Somebody doing laundry.

David Einhorn just might get a visit for blowing somebody spot.
+25   

 1 month ago '06        #12
new2hiphop 
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 Sin said





Yooooooo I woulda been mad about that sandwich cuz there is no olives or banana peppers.
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Top 10 most propped recently  1 month ago '19        #13
Anomic  topics gone triple plat - Number 1 spot x5
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 new2hiphop said
Yooooooo I woulda been mad about that sandwich cuz there is no olives or banana peppers.
Black or green??
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 1 month ago '20        #14
Die in Houston  topics gone triple plat - Number 1 spot x1
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Let the invisible hand of the market do it’s thang.... unless the invisible hand was bullsh*t to begin
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 1 month ago '19        #15
GetYaCoinsKing  topics gone triple plat - Number 1 spot x1
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Been trying to tell people that the stock market is nothing more than a bunch of Pre-ANN / ICO's like in the crypto space, Just a bunch of sh*t stocks with the legitimate companies essentially carrying them. Being listed on the stock market doesn't make you legitimate, It just means you paid enough money to your lawyer, registered yourself legally and went through the SEC filings/declaration.
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 1 month ago '06        #16
new2hiphop 
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 Anomic said
Black or green??
Black olives for sure n that cheese better not get stuck on that heroin bag I need all my cheddar.
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 1 month ago '20        #17
MeNoSenYouNoCom  topics gone triple plat - Number 1 spot x7
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 GetYaCoinsKing said
Been trying to tell people that the stock market is nothing more than a bunch of Pre-ANN / ICO's like in the crypto space, Just a bunch of sh*t stocks with the legitimate companies essentially carrying them. Being listed on the stock market doesn't make you legitimate, It just means you paid enough money to your lawyer, registered yourself legally and went through the SEC filings/declaration.
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Top 10 most propped recently  1 month ago '19        #18
Anomic  topics gone triple plat - Number 1 spot x5
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 new2hiphop said
Black olives for sure n that cheese better not get stuck on that heroin bag I need all my cheddar.
Turning vegan for 2 and a half months made me lactose intolerant outta nowhere so my cheese game all gone mayne
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 1 month ago '19        #19
AdonisH 
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Just like how the meme or picture sh*t I believe it’s called EFT, is nothing but a front for money laundering. Whole country move dirty af and it starts at the top. Let you or me try this sh*t though. fu*k this world.
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 1 month ago '06        #20
new2hiphop 
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 Anomic said
Turning vegan for 2 and a half months made me lactose intolerant outta nowhere so my cheese game all gone mayne
Are u serious?!?? I didn’t know that was possible. Bruh is that reverseable?
Awww man was being vegain worth it???

U went to deep bruh u shoulda tried being pescatarian first still eat fish eggs dairy. Sorry fam
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 1 month ago '11        #21
awww  topics gone triple plat - Number 1 spot x4
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you know that's a shell company
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 1 month ago '19        #22
mkooner 
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Sounds like the warning signs of hyperinflation.


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Top 10 most propped recently  1 month ago '19        #23
Anomic  topics gone triple plat - Number 1 spot x5
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 new2hiphop said
Are u serious?!?? I didn’t know that was possible. Bruh is that reversible?
Awww man was being vegan worth it???

U went to deep bruh u shoulda tried being pescatarian first still eat fish eggs dairy. Sorry fam
Hell ya bruh, I tried dairy a couple months ago and I aint never was on the toilet like that before in my whole life

Ion know if it's reversible but if it is..... it's gon take awhile

It was worth it for the experience and helped guide me to my reasonably healthy diet now(life without chicken just aint worth living mayne).

I take Lactaid pills now when I eat dairy so ion get all fu*ked up

It takes away 90% of the problems from dairy

They last around 30-40 mins per pill.

Boutta have a big a*s healthy chicken n rice bowl tomorrow



Recipe:

Simple Truth Organic Chicken brea*ts(cook in oven), Uncle Ben Boil In Bag Brown Rice(stove), Organic Chicken Broth(boil on stove), Green Peppers, Romaine Lettuce, Red Onions, Green Onions, and Red Cabbage(all veggies sauté on stove besides the lettuce).

It's more like chicken n rice soup cuz of the chicken broth instead of oil & soy sauce but fu*k it

Ion drown the sh*t in the chicken broth, I fill like 1/8th of the bowl so it's 90% uncovered then stir it around when it gets hella dry to add some moisture to them hoes but not an overpowering amount


Last edited by Anomic; 04-15-2021 at 05:43 PM..
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 1 month ago '20        #24
BlacksAndLatins  topics gone triple plat - Number 1 spot x1
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Place doesn't even do $100 in sales/day
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 1 month ago '19        #25
GetYaCoinsKing  topics gone triple plat - Number 1 spot x1
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 MeNoSenYouNoCom said
Whats 'nope' about it? As i said the stock market historically has been carried by the top performing companies hence S&P 500, So logically if there are appx. 1800 companies trading on the US market and really only 500 are 'trusted' enough to be on the S&P then it further proves my point.

Stocks that aren't on the S&P are pretty much the equivalent to sh*tcoins in the crypto space, These is facts not feelings.
+3   



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