Sahm Andrangi Of Kerrisdale Capital Management Exposes Kodak
In a recent report from CNBC Sahm Adrangi the operating manager of the Kerrisdale Capital Management Company expressed his disdain with the Eastman Kodak company when Kerrisdale capital released a negative report. As they went on to explain they’re short position with Kodak recently has had a 187% rise in stock value The investment manager believes but the release of this information was a poor attempt to chase the ICO attractiveness and that the company of Kodak is not able to maintain sustainable capital structure and operates with poor fundamentals. View Sahm Adrangi at hvst.com.
The investment management company would stand to profit as a short term holder. Kerrisdale Capital Management is more of a long-term investment and event-driven oriented manager. Eastman Kodak is a 138 year old company currently involved in commercial printing and imaging industry who has more recently been involved in cryptocurrency licensing
In the report Kerrisdale takes a position that cryptocurrencies although exciting technologies have the potential to disrupt many Industries and that Kodak is intending to use crypto assets to solve the problems of copyright infringement but in their view this is just a ridiculous idea and nothing more than a very bad attempt at chasing the ICO craze and a public relations scheme being used as a distraction to its investors of their poor financial status.
Adrangi, the chief investment officer of Kerrisdale Capital Management since its inception in 2009 has grown the company to $150 million dollars managed after launching it just 9 years ago with less than 1 million dollars. He is a specialist in Short Selling and this latest move by Kodak did not get under his nose with a keen eye for misconception this report clearly lays out a textbook case of this type of manipulation and exposes the truth and the opinion of Kerrisdale Capital Management and Sahm Adrangi on what Kodak is trying to do here. More details on Sahm Adrangi at valuewalk.com.
The CIO has a strong reputation for uncovering fraudulent Chinese companies. Many of the companies he has exposed have faced enforcement actions by the SEC thanks to the investigative work, sharp mind and diligent efforts of Sahm Adrangi.
Kodak Eastman now finds themselves and that very position.