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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DogeDeli.

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