Sahm Adrangi recently published a negative report citing that Eastman Kodak Company was taking a short position when they announce a partnership move to launch a blockchain that enables photo-centric cryptocurrency and image licensing platform. Sahm Adrangi believes that the launch is a malicious attempt to chase the ICO frenzy that has nothing to offset the weak fundamentals exhibited by Kodak’s unsustainable capital structure. However, since the announcement the commercial imaging and printing company (Kodak) stock has been raising close to 190 percent. Sahm Adrangi believes the company will not provide material benefit to their shareholders. Read more about Sahm Adrangi at Benzinga.
Sahm Adrangi views the raise on shares as unjustified hype which will eventually fall because the company behind the launch have a record of dubious background. The day before the launch, board members from Kodak took for themselves restricted stock on suspicion of bearing material risk. Adrangi has emphasized that the announcement will not save the Kodak firm from declining revenue rates, mounting default risk and the negative free cash flow. Nevertheless, Adrangi being the Chief Investment Officer at Kerrisdale Company stand to reap tremendous benefits if the share price falls because they hold a short position at the Kodak Company. Visit Crunchbase to know more about Sahm Adrangi.
Mr. Adrangi is the Chief Investment Officer and also the Founder of Kerrisdale capital management that deal with long-term investment value and special event-driven situation. The company was started in the year 2009 and is well known for selling publishing research that sought to demystify misconceptions brought forth by fraudulent business. Adrangi often shares his research on the company website, Twitter handle or third-party investing sites. Sahm Adrangi has managed to expose several fraudulent companies such as China-Biotics, China Marine Food Group, and Lihua International.
In addition to publishing report based on research, Sahm Adrangi is an active investor and a renowned public speaker. He graduated from Yale University with a B.A in economics; thus he has been very passionate about building a financial career in credit. However, Adrangi has lately been featured in several publications such as the New York Times, Wall Street Journal, BusinessWeek, the Washington Post and many more. Additionally, he has been invited as the guest speaker at various conferences, including the Value Investing Conference, Trade 4 a Cause, Sohn Conference and many other.