Paulsboro wrestling coach owns a deli worth 100 million dollars

[cicero grimes]

According to todays the NY Post, the Paulsboro wrestling coach Paul Morina, is CEO and President of a company whose stock market value is estimated to be $100 million. The company owns one asset, a South Jersey Deli whose sales were $14,000.00 in 2020. Quite an achievement.

Company that owns a single NJ deli soars to $100M value on stock market

A company that owns a single deli in south New Jersey became worth more than $100 million on the stock market in recent months — marking the latest oddity of the “meme stock” era. Homet…

nypost.com

 

[Jersey Boys]

 

[wngarbarini]

I laughed my ass off reading this. One deli with $14 million sales in a year. Unreal. That is a lot of pastrami!

 

[PessimisticallyHopefulPragmatist]

I laughed my ass off reading this. One deli with $14 million sales in a year. Unreal. That is a lot of pastrami!

Sales were $14,000 which makes the valuation that much more ridiculous.

 

[wngarbarini]

The article said $14 MILLION!

 

[PessimisticallyHopefulPragmatist]

The article said $14 MILLION!

"The humble delicatessen raked in less than $36,000 in revenue over the last two years, including just about $14,000 in 2020 because it was closed during the COVID-19 pandemic, the company’s latest annual report shows."

 

[brianoc]

Something smells in Stink City