While mainstream investing consists of investing capital in businesses that are expected to increase in worth, short selling is the opposite and it has made Sahm Adrangi a lot of money. Sahm Adrangi is known as a value investor, a value investor is someone who makes their investment decisions based on personal beliefs and values. He has a long and extensive history of calling out these companies publicly and initiating short-selling attacks to bet against them.
His most recent short sale that has been making national headlines is his attack on the Kodak Eastman Company. While Kodak Eastman has been around for a very long time, in recent years their bottom line has suffered and they have been in constant danger of having to declare bankruptcy. Despite a lot of hype surrounding their new KodakOne and KodakCoin products, Sahm Adrangi does not think they will even get out of the development phase. KodakOne and KodakCoin are Kodak’s attempt to join the cryptocurrency bandwagon and Sahm Adrangi believes that it will be at the expense of the investors who are falling fro the buzzwords without knowing much about digital currency or the blockchain technology that is touted as being a vital part of KodakOne.
As the Chief Investment Officer of Kerrisdale Capital Management LLC, Sahm Adrangi has made millions for the company and their investors with his spot on predictions of the future of questionable companies. From Chinese owned businesses that traded on the US stock market to pharmaceutical companies trying to push bad drugs, Sahm Adrangi isn’t afraid to speak his mind and let everyone know what he is thinking. Both Kodak and the company they have partnered with for the project, Wenn Digital, have a history of suspicious behavior and connections to fraud. Some of Kodak’s latest actions may also be subject to an investigation from the SEC. With his past predictions being correct to a stunning degree of accuracy, investors and news sources are listening. After Kerrisdale Capital released its negative report on Kodak, it seems like it is only time before Adrangi’s predictions come to fruition and the company goes under.