Why a Failing New Jersey Deli Is Valued at $100 Million: A Theory
By deli standards, Your Hometown Deli in Paulsboro, N.J., is not a very successful one. Then again, Your Hometown Deli is not your ordinary deli, nor does it seem to be much of a deli at all.
The delis parent company, Hometown International, whose operations consist entirely of the single New Jersey deli, is a publicly traded company valued at nearly $100 million. The valuation is remarkable considering that in the first three months of this year, the deli made just $5,305 in sales, according to…
