David Einhorn Sees Broken Markets in a New Jersey Deli Valued at $105 Million
- Hedge fund titan says ‘there is no cop on the beat’ in markets
- Company’s CEO is also the local high school’s wrestling coach
This article is for subscribers only.
Hedge fund legend David Einhorn presented his choice for the new icon of irrational exuberance -- Hometown International Inc.
If you haven’t heard of the company, that’s probably because it operates a single store, Your Hometown Deli, in rural New Jersey. “Your Hometown Deli is a delicatessen concept that will focus on providing high-quality food products not available in local supermarkets or take-out restaurants,” the company said in its latest annual report.