![]() ![]() The way you get this number - for that matter, the way you figure out what any public company is worth - is you multiply the last price the stock traded at by the total number of shares. One fact the company recently disclosed - as of a few months ago, all of the deli's stock was owned by, quote, "approximately 60 people." This fact is crucial to understanding how a deli in New Jersey could be valued at $100 million. And federal regulations require publicly traded companies to publicly disclose lots and lots of information. Official corporate name, Hometown International Inc. But there is another way to learn a lot about the deli because it is a publicly traded company, meaning anybody who wants to can buy or sell stock. ![]() ![]() And I couldn't reach the deli's owners on the phone. They weren't going to answer my questions. If I put it back, can I come back and get a sandwich? UNIDENTIFIED PERSON #2: Can you take that out there? But we're just not having any reporter, like. GOLDSTEIN: I wonder, can I order a sandwich? There were no other customers inside when I went in. It's just a little gray, one-story building on a little residential street. And it doesn't look like a $100-million deli. It came to the world's attention last month when a famous investor mentioned it as an example of the strange state of financial markets. JACOB GOLDSTEIN, BYLINE: It's called Hometown Deli. Jacob Goldstein of our Planet Money podcast explains. And according to the stock market, this one deli is worth roughly $100 million, and it is not because of some exceptional pastrami. In a small town in New Jersey, there is a deli, just a little sandwich shop. ![]()
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