Hometown Deli in Paulsboro, New Jersey, became famous in 2021 when someone pointed out a single deli with less than $40,000 in sales was somehow also a $100 million stock.
Hometown Deli in Paulsboro, New Jersey, became famous in 2021 when someone pointed out a single deli with less than $40,000 in sales was somehow also a $100 million stockIt seemed wildly improbable, even by the standards of the meme stock craze - a publicly traded New Jersey deli that had less than $40,000 in annual revenue and yet somehow was worth $100 million.A federal indictment unsealed in New Jersey on Monday charges Peter Coker Sr., Peter Coker Jr.
The Hometown Deli in Paulsboro, NJ, became instantly famous in April 2021, when hedge fund manager David Einhorn wrote about a tiny sandwich shop that was somehow worth nine figures on the stock market - mostly as a way to caution investors about the dangers of excess.
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