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The Mystery of the $113 Millıon Deli

The Mystery of the $113 MillÄ±on Deli
https://www.nytimes.com/2021/06/02/magazine/your-hometown-deli.html
Credit.Illustration by Kelsey Dake
The Mystery of the $113 MillÄ±on Deli
It made headlines around the world: a New Jersey sandwich shop with a soaring stock price. Was it just speculation, or something stranger?
Credit.Illustration by Kelsey Dake
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In a letter
to his investors this April, David Einhorn, founder of the hedge fund Greenlight Capital and a well-known short-seller, complained that the stock market was in a state of âquasi anarchy.â As one piece of evidence, he pointed to Elon Musk, whose commentary on Twitter, Einhorn said, amounted to market manipulation. âThe laws donât apply to him, and he can do whatever he wants,â Einhorn noted. As another example, he cited a restaurant in rural Ne ....

New York , United States , Hong Kong , North Carolina , New Jersey , Pearl River , New York Stock Exchange , Costa Rica , United Kingdom , Tiananmen Square , Paulsboro High School , New Yorker , Costa Rican , Peter Lee Coker Jr , Shiba Inus , Laura Anthony , David Einhorn , Ellenoff Grossman Schole , Christine Lindenmuth , Los Angeles , Jason Paltrowitz , Kelsey Dake , Harold Blondeau , Paulf Morina , Jesse Barron , Shiba Inu ,

$100 Million Deli Antagonizes Customer Base By Firing Local Hero/School Principal/CEO

$100 Million Deli Antagonizes Customer Base By Firing Local Hero/School Principal/CEO
All of Paulsboro may boycott its sandwiches, but Hometown International probably doesnât care.
Author:
All of Paulsboro may boycott its sandwiches, but Hometown International probably doesnât care.
Paul Morina is a local legend in Paulsboro, N.J. He’s coached the high school wrestling team for 36 years, winning an astonishing 93.7% of the time. He’s also the high school principal. And to top it all off, he’s president of what is probably Paulsboro’s most famous institution, and certainly it’s most numerically valuable, the $2 billion Hometown Deli on Mantua Avenue, just a few blocks away from the high school. ....

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Appeals court rules in fight over drive-thru doughnut shop in Medford

Appeals court rules in fight over drive-thru doughnut shop in Medford
burlingtoncountytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from burlingtoncountytimes.com Daily Mail and Mail on Sunday newspapers.

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It's just another masked Monday

It's just another masked Monday
politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.

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Paul Morina is out as president and CEO of Paulsboro deli's parent firm

It said Morina s positions have been assumed by Hometown s chairman, Paul Coker Jr.
That came days after Hometown terminated a $15,000-a-month consulting contract with a firm led by Coker s father, Hometown cited negative publicity in making that move.
Hometown drew widespread attention last month after a hedge fund operator noted the company s thinly traded stock was implausibly valued at about $100 million on the over-the-counter market, even though deli revenues were only about $14,000 last year.
The SEC in September 2020 asked Hometown why it should not be considered a shell company, or a publicly held firm with no or nominal operations.
Shell companies can be used by private businesses that want to become publicly held enterprises with few or no regulatory hurdles. ....

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