Tag Archives: Bitcoin

Sahm Adrangi Aims at St. Joe Company

In 2011, the Chief Investment Officer of Kerrisdale Capital, Sahm Adrangi, made a name for himself when he successfully shorted a number of Chinese companies, exposing several of them for fraudulent practices. Recently, Sahm Adrangi and Kerrisdale Capital aimed their sights on St. Joe Company, whose valuation was is currently listed at $1 billion. According to the report, remote and undeveloped swampland have rendered much of St. Joe Company’s assets as “over-valued and over-hyped.” Upon assessing the true value of St. Joe Company’s holdings, Sahm Adrangi’s evaluation revealed that it considerably less than what is being publicly advertised – 40 percent less to be exact. The gross misjudgment regarding St. Joe Company’s valuation, is also exacerbated by the fact that they are experiencing issues with their largest shareholder, who may be forced to liquidate a large portion of their stock, as well as the fact that commercial development has been stalled for the better part of the last decade.

The reason for St. Joe Company’s high valuation, is due to their plan regarding the building of a retiree destination, as well as a commercial business center in the Panama Beach area. The problem lies in the fact that the majority of their land is not near the highly sought-after beach area, being that this property has already been commercialized. Much of what’s left consists of land that is far less desirable.

Today, Fairholme Fund is the largest shareholder of St. Joe Company, with 22.7 million shares, but recent changes regarding the Securities and Exchange Commission will require that 10 million of those shares are liquidated in order to remain in compliance. Being that these shares would need to be liquidated by December 1, 2018, Sahm Adrangi says that there are not enough trading days left to accomplish this feat without affecting the share price of St. Joe Company adversely. The role of Bruce Berkowitz, who acts as the chairman of the board at St. Joe Company, as well as the fund manager for Fairholme Fund, also presents a conflict of interest that may require him and two additional fund directors to step down. This will also play a negative role in the share price.

https://www.benzinga.com/topic/sahm-adrangi

According to Shervin Pishevar, the Financial Market Will Continue to Fall Unless the Government Prints Money to Pay Debts

Shervin Pishevar is that type of investor who can be said to be making critical decisions about his investments, and he gains from what he does. For example, he invested in Uber and Airbnb and is currently enjoying the fruits of his investments as his wealth has grown significantly. Concerning forecasting, he once highlighted that Facebook would soon be suffering from an identity crisis which is currently happening as we speak. The company has not been able to protect the data adequately, and this is raising eyebrows.

In a recent take on 21-hour social platform exploration, Shervin Pishevar seems to be offering some insight about the market and what will be happening in the future. Investors have been reading and trying to figure out whatever he says or writes because he seems to have some insight about the market which explains why individuals should listen to him. According to the Uber investor, the financial market and the bitcoin technology will continue to fall and its time investors get to familiarize themselves with the fall before making any investment decision.

Shervin Pishevar thinks that the financial market will fall by almost 6,000 points while the digital currency is likely to fall to 2k upon which it will start to appreciate. That is a dangerous trend that investors should know, especially concerning the digital currency industry. In the financial sector, the Investment company founder highlights that the market will fall due to increased government debts and the underemployment facing the country. The issue of increased deficits, either from local borrowing or by borrowing from international lending institutions will hurt the economy.

Shervin Pishevar is of the opinion that the government is not able to pay the debts because the market is not generating enough to cover for the increased government spending and the poor state if the financial meaning that there is no money to pay for the debts that the government has been borrowing. The only feasible solution is for the government to print money and boost consumption in the country while at the same time using the printed money to pay for the increased wage bill and recurrent expenditure.

https://www.caa.com/caaspeakers/shervin-pishevar

Shervin Pishevar Takes to Twitter to Make Dark Predictions

Shervin Pishevar used Twitter to express deep concerns he has about the future of the US economy. He feels that the stock market will crash and that big businesses in the US will soon be losing a lot of their influence. Over the course of 21 hours, he sent out 50 tweets that gave a variety of reasons why he feels like the system as a whole will get worse before it gets better.

It was an overall dry winter for Shervin Pishevar as far as Twitter was concerned. He hadn’t been heard from for more than two months. The last tweet sent out was in mid December when he announced that he would be resigning from Sherpa Capital. Shervin Pishevar is one of the founders of this venture capital fund and spent time as a managing director of it. This venture capital fund was one of the early investors in Airbnb.

Should Americans take Shervin Pishevar’s prediction seriously? Well, it seems like he has a knack for predicting the future. About 10 years ago, he predicted that Facebook would experience an identity crisis, which it did. Additionally, he is not just some guy who looks at numbers all day. He has received awards and recognitions from the US government and other organizations. He has had much success as a super angel investor and in getting different companies off the ground.

Shervin Pishevar feels that an economic disaster can lead to a new type of economy. Throughout the 50 points he made in his Twitter rant, he warned that inflation was spreading and that the stock market would crash. He feels that big funds will bite the bullet as the stock market crashes and that tools the government typically uses to reset the market are not to be trusted.

Shervin Pishevar gave an example of individuals who built a train station in China in less than 10 hours. He mentioned this example when talking about the idea that entrepreneurship is now borderless. Individuals who used to come to the United States to get their ideas off the ground no longer need to do so. While this is good for individuals in other countries, he feels that it is bad for the US economy.

https://soundcloud.com/twistartups/shervin-pishevar-on-this-1/recommended

Sahm Adrangi, A Global Leader in Finance and Hedge Funds

Kerris Capital, a private investment manager that focuses on unique event-driven situations and long-term value investments recently published a negative report. The article describes the short position of the firm concerning Proteostasis Therapeutics. The corporation in question is a biopharmaceutical establishment that deals with the development phase of different drugs. Their principal focus is a drug entrant referred to as PTI-428. This drug was initially designed for the treatment of cystic fibrosis. When the FDA gave Breakthrough Therapy and the Orphan Drug designations, the stock prices of Proteostasis increase at a 100% rate.

According to Sahm Adrangi and Kerrisdale’s system analysis, the likelihood is that PTI-428 is not effective. The company detected some low-quality facts and disturbing omissions in the product details made available to the public by Proteostasis. Owing to the short position Kerrisdale Capital and Sahm Adrangi have regarding Proteostasis Therapeutics once the prices of the shares decrease the company might benefit.

Sahm Adrangi established Kerrisdale Capital Management and currently serves as the Chief Investment Officer of the establishment. Since its inception, Kerrisdale has always participated in all matters regarding the development of the company. Sahm began Kerrisdale Capital with less than a million dollars, but by July 2017, the firm was handling over 150 million dollars.

Adrangi is popularly known due to his short selling as well as publishing research endeavors. His views concerning stocks include under followed longs and overhyped shorts. Nevertheless, these views are not yet well-known in the market. The research carried out by Kerrisdale corrects any misconceptions associated with the critical business opportunities of various establishments. The company then shares the research on Kerrisdale’s website, Twitter, and other investment related websites as well.

Over the years, Mr. Sahm Adrangi has built a name for himself by shorting and also exposing several fraudulent Chinese businesses including China Marine Food Group, Lihua International, and China-Biotics, among others. His research has led to prosecution measures against China Education Alliance and ChinaCast Education Corporation from the Exchange and Securities Commission.

Additionally, Sahm Adrangi typically specializes in particular industries mostly because of his experience and competence. One of these industries includes the biotechnology field. In the recent past, Kerrisdale has published lots of information on development-stage corporations including Unilife, Pulse Biosciences, Bavarian Nordic and Sage Therapeutics. The other fields include telecommunications and mining prospects.

http://www.businessinsider.com/meet-hedge-funder-sahm-adrangi-2013-10