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business 43 mins ago
Coker s Hong Kong-based son, Peter Coker Jr., is chairman of Hometown International, whose Your Hometown Deli in Paulsboro, New Jersey, had sales of only about $35,000 in the past two years combined.
Despite those meager sales, Hometown International had nearly 8 million common shares of stock outstanding. On Monday, shares of the company rose 0.15% to $13.01. Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey . HWIN reached a market cap of $113 million on February 8, Einhorn wrote in Thursday s letter. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing.