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Hometown International, NJ deli owner, worth millions in stock

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He’s a legend in New Jersey high school wrestling – and a mystery in the stock market.

Paul Morina, the principal of Paulsboro, New Jersey, High School, is listed in financial records as the president, CEO, CFO and more at a Nevada-incorporated company whose stock is trading at levels that give it a valuation more than $100 million.

That’s an oddly high valuation because the company, Hometown International, owns a delicatessen — and only one small delicatessen — in Paulsboro, where the Morina-coached high school wrestling team frequently wins state championships. The company has disclosed that it has shareholders based in China’s Macau territory.

The shop, the Hometown Deli, did just…



Source cnbc.com

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