Sahm Adrangi of Kerrisdale Capital States Kodak Is A No Go Company

Sahm Adrangi of Kerrisdale Capital has built a valuable reputation for himself and within the investment industry for his impressive accomplishments and insight that has allowed him to achieve great success. As of late, Sahm Adrangi has expressed investors should be cautious before getting involved with Kodak, despite being a widely known and long standing company in the printing and photography market. Kerrisdale officially released their report on Kodak in February, which was mostly negative on Kodak’s behalf due to their latest business efforts.

Recently, Kodak’s stock rose an incredible 187 percent, just after making an announcement that they were entering a partnership with cryptocurrency groups. This allowed them to launch blockchain technology for image licensing. This is not nearly enough for Sahm after what he has seen, and will not be one over by the current trends, especially considering the volatility of the cryptocurrency markets.

Sahm Adrangi took the short position with Kodak, which means that Kerrisdale will stand to profit if Kodak stock decreases. Sahm believes that the cheap attempt of using cryptocurrency to boost stock prices will ultimately blow up in Kodak’s face as it doesn’t do anything to address their current issues that are causing the company to fail in the first place. Given the odd behavior of the management going on at Kodak, Kerrisdale is highly unlikely to regain any confidence in Kodak and suggests other investors do the same.

Sahm Adrangi founded Kerrisdale Capital back in 2009 with under a million dollars to invest. Today, he has built Kerrisdale into a large corporation, with assets above 150 million at the companies disposal. All of this was achieved in less than a decade thanks to Sahm’s leadership and insight to take part in profitable companies. Given the track record of Kerrisdale so far, it would be hard to go against the word of Sahm Adrangi and the vast experience he has accumulated up to this point.

https://www.thehedgefundjournal.com/content/sahm-adrangihttp://nakreport.com/2018/01/09/kerrisdale-capitals-sahm-adrangi-remains-thumbs-down-on-northern-dynasty-minerals

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