How the Stock Market Made a Single Deli Worth $113M

268 345
Published on 18 Apr 2021, 9:15
Your Hometown Deli, a modest little shop in New Jersey that sells sandwiches, coffee and soft drinks, reportedly made $18,000 in sales last year. But, the deli is valued at a staggering $113 million - on paper. The deli is the sole location of Hometown International, a public company that began being traded in 2019. The company saw its stock prices skyrocket last year amid the pandemic, despite its only location being closed between March and September of 2020.