Kerrisdale Capital is a private investment firm that has done extremely well in the industry thanks to the leadership of Sahm Adrangi. His incredible insight and knack for choosing profitable markets has taken him very far in his investing career, which is why he shares his experience and knowledge with other investors these days. Kerrisdale occasionally issues reports on different occasions to go over various companies that Sahm believes are either good or bad. Lately, Eastman Kodak has been under fire and Kerrisdale’s latest report discusses the faults of Kodak and why they should be avoided. Thanks to Sahm’s reputation in the industry today and his impressive track record, investors tend to follow his reports and strategies.
According to Sahm Adrangi’s latest report, Eastman Kodak’s shares have recently increased around 187 percent, right after their announcement to use cryptocurrency. While many investors out there might have seen this as an opportunity to invest and make some big profits, Sahm is sure this is just a fluke and will crash in the near future. Crypto markets are not yet stable being a new market, and this makes them tough when combined with company’s like Eastman Kodak, being a former giant in the photography and printing industry. Despite the recent increase in share prices, Kodak has not changed any of the business strategies that caused them to decline over the past decade. Not only have they failed to stay up to date with their competition, but their marketing strategies have also fallen behind leading to fewer sales every year.
Sahm Adrangi is most concerned about the current state of management at Kodak and what they are thinking. With all the complications surrounding Kodak and their recent partners, Sahm is warning investors that they should stay away from Kodak. Kerrisdale Capital currently stands to profit in the face of Kodak’s failure in the short position on the market, this is how sure Sahm Adrangi is that the current overpriced shares of Kodak will fall. The majority of Eastman Kodak’s publicity has gone unnoticed as well, giving them no way of maintaining their recent gains.