A curious case of ‘$ 100 million in delicatessens’ and part-time universities
Duke and Vanderbilt University, some of the most prestigious study seats in the U.S., are among the largest shareholders in the company, which has a single sandwich shop in New Jersey and a $ 100 million stock market valuation, despite only $ 13,976 in recent sales. year.
The curiosity of Paulsboro, a town of a dust refinery on the banks of the Delaware River, is well-known on Wall Street, when Hometown International was named by hedge fund manager David Einhorn as an example of “near-anarchy”. take on financial markets.
“The pastrami must be amazing,” Einhorn said joking in a letter sent to investors a fortnight ago, citing a nine-figure assessment of Hometown as an example of how toothless financial regulators allowed destructive frantic feeding. “Small investors who are absorbed in these situations,” he wrote, “are likely to be affected.”