Sahm Adrangi has gained recognition within the investment industry these days thanks to his work in various firms and his impressive accomplishment with Kerrisdale Capital. Sahm’s company, Kerrisdale Capital, invests in various companies and projects around the world, and so far they have done so to great success. Sahm Adrangi has been taking extra focus to the latest crypto and blockchain technologies that have been making their way into the market today.
Kerrisdale released a report recently on one such company that was getting involved with cryptocurrency that should most likely be avoided. This company is Kodak, which is known for their accessories and products in photography. Despite their long past and being a once major corporation, they have majorly fallen behind the competition today. With one of their latest announcements into cryptocurrency, their stock prices jumped a whopping 187 percent.
While this looks like an investors dream with the soaring prices of these stocks, Sahm Adrangi has urged investors to be wary before actually investing. Sahm believes Kodak’s stocks are just highly overvalued currently and they will likely dimish short-term. Kodak’s other subsidiaries are also in poor positions, even more so than Eastman Kodak. While there may be apparent value at the moment, Kodak is not using the Cryptocurrency and blockchain to their overall advantage, rather they are trying to employ some type of scheme.
Sahm Adrangi has also warned of Kodak’s partners since they have highly mixed backgrounds with little credibility to their names. This is also expected of cryptocurrency groups since there have been many scams since the rise of crypto. Even when scams are not present, cryptocurrency is very unstable and not worth relying on. This is something that calls into question what Kodak management is currently trying to do, which Sahm has plainly said to be a scheme. Ever since first starting up Kerrisdale Capital in 2009, Sahm has been making near-perfect decisions in the market when choosing good companies for investing, this is why Sahm’s advice is widely followed in the industry.