It was an announcement that sent the company’s stock prices skyrocketing. However, it was one that did not impress everyone within the world of investing. Sahm Adrangi and his company Kerrisdale Capital Management were doubtful of Eastman Kodak Company’s announcement regarding its plans to enter the world of cryptocurrency and to launch a blockchain-enabled image licensing platform. This doubt prompted Kerrisdale Capital to take a short position in Kodak. Visit Crunchbase to know more about Sahm Adrangi.
In early February, Sahm Adrangi and his private investment manager company published a negative report that detailed the reasons behind its position regarding Kodak. It further explained this report to interested parties in a conference call that it hosted on February 7.
Sahm Adrangi expressed the belief that Kodak’s announcement in early 2018 was not a move that was built on a solid foundation. Rather, Kerrisdale believed, that it was an attempt on the part of Kodak to chase after a trend instead of addressing issues facing the company. The hype surrounding Kodak’s new ventures may have sent its stock prices upward, but it made Sahm Adrangi doubtful and he even went so far as to speculate that Kodak might even be headed for bankruptcy.
Kerrisdale Capital is well-known within the world of investing, and it has built a solid reputation within the industry. The company was founded in 2009 by Sahm Adrangi with less than $1 million. During just under a decade, it has grown substantially into a company that manages approximately $150 million in assets.
At the helm of Kerrisdale is Sahm Adrangi. He is not only the founder of the company but also serves as the Chief Investment Officer (CIO) for it. He is credited with having been actively involved with Kerrisdale Capital since founding it nine years ago, and it is his research that has helped to drive the company’s path. Visit The Hedgefund Journal to know more about Sahm Adrangi.