There are always investors out there ready to jump on whatever opportunity comes their way, but sometimes opportunities can turn out to be the very opposite. Many investors have learned this the hard way, but for those who haven’t, Sahm Adrangi is doing some extra footwork to ensure they remain safe in their investing. Sahm Adrangi’s company, Kerrisdale Capital, is a highly reputable investment company that issues reports on various company’s and markets by going into detail about what can be expected when investing in them for the average investor. As of late, Kodak has taken the interest of many investors, but Sahm Adrangi is warning everyone to stay clear until things have completely settled down.
Sahm Adrangi has done his research like always and found that Kodak’s recent increase in stock prices is due to their involvement in cryptocurrency. While this is not necessarily a bad thing, it is highly suspect when share prices increase 187 percent overnight. Also, crypto is still in a highly unstable place to be putting money at the moment, with many groups found to be scamming and others completely being drained of their value. The worst part is the company’s that Kodak has gone into business with have mixed backgrounds that are either hidden or less than ideal in terms of their business methods.
A little over five years ago, Kodak had to file for a chapter 11, and today they are in the same place despite their involvement with crypto. Despite their massive increase in stock, Sahm believes this will be short lived for a few reasons. First off, not only has the general public failed to notice Kodak’s recent exploits, but they have not changed their business methods or updated their products on the market. Sahm Adrangi says this is a shady way for a management team to behave despite the problems the company is facing, so it would be best for investors to stay clear for a while to see where things go in the future. According to Sahm, Kodak isn’t going anywhere but under.