There’s a single NJ deli doing $35,000 in sales valued $100M in the stock market(cnbc.com)
cnbc.com
There’s a single NJ deli doing $35,000 in sales valued $100M in the stock market
https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html
5 comments
NJ, deli, OTC..."Our Cause"???
"Tulips" == "Salt Beef"
Nice for a bubble to be of a singular nature and moving back to something tangible as opposed to a derivative of a derivative. Maybe I should create an NFT of the deli menu and list a company with the NFT as the only asset.
I'd argue that this happening further indicates to me that the stock market is still a Tulip market, except that we adopted it as a form of capitalism to which we can't exit or reform.
Nice for a bubble to be of a singular nature and moving back to something tangible as opposed to a derivative of a derivative. Maybe I should create an NFT of the deli menu and list a company with the NFT as the only asset.
I'd argue that this happening further indicates to me that the stock market is still a Tulip market, except that we adopted it as a form of capitalism to which we can't exit or reform.
You could but an NFT with the deli menu has already been done https://opensea.io/assets/0x495f947276749ce646f68ac8c2484200...
Haha fair
However, later in the article:
"Hometown reported more than $600,000 in expenses last year, up from about $154,000 in 2019. The company also reported a net cash gain of $2.2 million from financing activities, such as selling stock, in 2020."
Also interesting:
"According to the company’s latest 10-K filing, the company’s single location was closed from March 23 to September 8 of last year because of the coronavirus pandemic. During that time, the company’s stock price rose to $9.25 per share from $3.25 per share."