Sahm Adrangi is very open about his feeling concerning the latest business efforts at Kodak, namely their sudden involvement in cryptocurrency and shady management practices. This longtime company has been in the market for decades, but recently they continued to fall behind due to lacking technologies and failure to upgrade with the competition. Kerrisdale Capital, Sahm Adrangi’s investment firm recently put out a report concerning Kodak and all of their concerns on the company as of today. They also noted they stand on the short side and will stand to profit should Kodak decline in value. Sahm’s also concerned with the fact that Kodak’s stocks jumped dramatically just right after they announced their involvement in crypto.
Though it was originally reported that Kodak was partnering up with cryptocurrency groups in order to overcome so copyright problems, this move will most likely not help Kodak at all facing their current predicaments. The level of publicity that has been generated by Kodak’s latest moves has been minimal and are not helping to aid Kodak’s revival. Sahm Adrangi has also noted in his reports that Kodak’s backers should also not be meddled with, considering their mixed backgrounds. Many of these crypto groups have not only been found to scam, but they are unreliable and volatile at best. Kerrisdale stated bluntly that KodakCoin and KodakOne were schemes to get there hands on customers money.
Sahm Adrangi started up Kerrisdale Captical back in 2009 as a private investment firm and the company has been massively successful today. Sahm managed to transform less than 1 million dollars into more than 150 million in assets throughout Kerrisdale Capital. Sahm’s leadership and insight into choosing good company investments has given him a valuable reputation that most people continue to follow. Sahm’s impressive education also adds to his credibility, having worked at major firms like Chanin Capital Partners, Longacre Fund Management, and even Deutsche Bank. Sahm and Kerrisdale will continue to issue reports to help other investors make good investment choices and not fall victim to poor business practice by companies.