Sahm Adrangi of Kerrisdale Capital Management Issues Negated Reports for St. Joe Company

Whistleblowing has often been considered ethical under many circumstances. For instance, if the company is going to harm the public, a whistleblower comes in handy to educate the people and issue negated reports with the intention of arresting the management. Also, when the immediate supervisor of the employee does not come forward with the report, it becomes the responsibility of the whistleblower to report the issues. That brings you to Sahm Adrangi.

Background

Sahm Adrangi is the head cheerleader of Kerrisdale Capital Management. He established the company in 2009. But before that, he was employed as an analyst by the Deutsche Bank. He then joined Chanin Capital Partners where he served as an analyst in bankruptcy. He later joined Longacre Fund Management as an analyst as well. Here, he oversaw distressed debt fund. At the same time, he became prominent for publishing research on finance. Today, he is a prominent whistleblower who exposes fraudulent companies. The companies he first exposed include China Marine Food Group, China-Biotics, and Lihua International among others. Additional Chinese targets have been charged by the SEC.

Duties and Roles

Since the establishment of Kerrisdale Capital Management, Adrangi has worked hard to develop the firm’s portfolio. What he started with about $1 million has now become worth $150 million. In his tenure, the company has conducted various researches on companies as well as industries. Currently, Sahm Adrangi has shifted his focus towards biotechnology where the company capitalizes on emerging companies like Pulse Biosciences, and Zafgen, among others. Other than that, Kerrisdale Capital Management also focuses on exposing companies that offer false data on stocks, and telecommunication.

The Overview

Recently, Sahm Adrangi issued a report on St. Joe Company. According to the $1 billion firm that deals with real estate, there are hopes to change desolate land adjacent to the Panama City into a major attraction site for retirees. However, according to Adrangi, this is highly unlikely. He reiterates that the firm’s financial position cannot sustain the project. He also adds that Joe will have to assume more than 2,000 home sites. While that is what Joe claims to have achieved, Sahm Adrangi and his team are sure that there is no progress. In fact, the company has not achieved half of what it claims.

Shervin Pishevar’s Two Cents On The Recent US Stock Exchange Market Drop

After his long absence from Twitter, Shervin Pishevar recently came back with a bang and served his followers with fifty messages on his famed 21-hour tweet storm. Even though he stands out on social media as a man of many words, it seems he had been plotting a comeback for a while. He was waiting for the perfect subject to come up so he could jump back into action. Even though his fifty tweets touched on other subjects, they mostly revolved around the recent drop in the US stock market exchange.

Shervin Pishevar had some bad news for stock traders, and he claimed that things would go from bad to worse before the market could stabilize again. In his fourth tweet, he urged them to scramble for safety before it’s too late. According to the business guru, with all the gains that the traders had accumulated in 2018 gone, he believes that the profits they had accrued in 2017 will soon follow suit if they don’t pull out thanks to the skyrocketing interest rates, escalating credit account shortages and tax giveaways.

Government bonds are overrated

Shervin had more than one reason for his firm belief that the US’s stock market will continue to decline and he was more than glad to share them. Besides the reasons mentioned earlier, he went on to add that times have changed and bonds are no longer what they used to be and as such cannot be used to correct the situation. In fact, Shervin Pishevar compared them to ineffective overused tools.

Exported inflation

He also believes that no amount of efforts to isolate America’s economy from the global economy will help correct the current status of the stock market because according to him, inflation has for decades and is still being exported from the American economy. He also went on to crash the hopes of traders who had thought of seeking refuge in Silicon Valley. He said that it lost its glory long ago and was no longer a place but any other viral idea. During the fifty messages tweet storm, Shervin Pishevar touched on various issues affecting the stock exchange market such as immigration, bitcoins, bonds, growth in China and SpaceX.

http://thisweekinstartups.com/shervin-pishevar-on-this-week-in-startups-212/