hometown international deli stock

It attracted attention in 2021 for having a market capitalization of over US100 million despite the deli having annual sales of only about 25000. Hometown International which has a bizarre 100 million stock market capitalization despite owning just one small deli in New Jersey disavowed that valuation in a new financial filing Friday.

New Jersey Deli Owner Hometown International Disavows Stock Valuation

The stock closed Monday at.

. Hometown International received national attention earlier this month after Greenlight Capitals David Einhorn pointed to the company as a sign of excess in the stock market in his quarterly letter. Hometown Internationals market capitalization has topped 100 million despite owning only a Paulsboro New Jersey deli which had. I sort of assumed that Hometown International Inc the 100 million or maybe 2 billion deli would remain a mystery forever but Mark Vandevelde of the Financial Times seems to have.

Consumer Defensive Industry. Despite those meager sales Hometown International had nearly 8 million common shares of stock outstanding. It is not likely at all that the shareholders will receive the current value of the share price which remained unchanged at 14 per share after the.

It offers sandwiches soups salads deli. Hometown Internationals stock has soared over the past year giving it a market capitalization of a 100 million or more despite sales at its Paulsboro New Jersey deli of only about 35000. 7 Reddit Stocks Going to 0 as the Social Media Enthusiasm Dims.

Now the newly minted meme stock is popping as trading volumes explode. Engages in operating a delicatessen store. It last traded at just under 14 per share.

Jain holds sole voting power over about 25 million common stock shares of Hometown International or more than 20 of the nearly 8 million common shares outstanding. But now its a bit more. HWIN is a 100m market cap company that owns a single operating asset Your Hometown Deli.

He highlighted a security called Hometown International Inc. It had been OTC traded but has since been delisted and received a Caveat Emptor designation. Hometown International was an American holding company best known for operating Your Hometown Deli a delicatessen in Paulsboro New Jersey.

In regulatory filings it announced an. This would not seem like a high-growth business model but since it went public in 2019 the delis stock price had risen 1200 percent to 13 a share. Instead of trading a couple of thousand dollars worth of stock a day it traded 212799 worth of stock yesterday.

During that time the companys stock price rose to 925 per share from 325 per share. The company changed its name to Makamer Holdings after merging with Makamer a. The company sold 25.

A New Jersey deli with a 100 million valuation flew under the radar until Greenlight Capitals David Einhorn pointed to the. OTCHWIN a company with a market cap above 100 million but a two-year sales of just 35000. On Monday shares of the company rose 015 to 1301.

Your Hometown Deli on Mantua Avenue in Paulsboro has became an object of puzzlement and some fascination in recent days after a hedge fund manger David Einhorn took public note of how its parent Hometown International stock symbol HWIN was worth more than 100 million even though its sole asset the deli was losing money and was shuttered for.

Hwin Stock 100m Nj Deli Company Delisted For Disclosure Irregularities