Sahm Adrangi is a well-known investor that has been very successful in the investment industry through his company Kerrisdale Capital. Sahm started the company with less than a million dollars to invest with, but today the company is worth more than 150 million counting all of their assets and investments. Becuase of this, Sahm Adrangi is often sought after for his expert advice and strategies for picking the right investments. Thankfully, Sahm is out to help his fellow investors and he even issues reports through Kerrisdale Capital discussing various companies and whether or not they are worth investing in.
Eastman Kodak is the company discussed in Kerrisdale’s latest report, though it is not a good one on Kodak’s behalf. This report discusses the many issues currently facing Kodak and the reasons why investors should stay away from the company for the time being. According to Sahm Adrangi, Eastman Kodak has long fallen behind the competition in the market despite being around for more than 130 years int he printing industry. This is because they have failed to improve the quality of their products over the last decade and their advertising has falling behind that of their competition. Facing bankruptcy around six years ago, Eastman Kodak was forced to file a chapter 11 to get their affairs in order or their company was going to fail.
Unfortunately for Eastman Kodak, their company is pretty much int he same state it was back then. Despite the company’s recent boom in share value, management has done nothing to reverse the current problems facing the company. Cryptocurrency is the culprit behind Kodak’s recent stock prices says Sahm Adrangi. Because of the instability of crypto markets today and the mixed backgrounds of the crypto groups Kodak partnered with recently, these stock prices are likely to dimish to less than what they were before the boom. Sahm is so sure of Kodak’s failure that Kerrisdale is currently standing on the short side of the market and will profit if Eastman Kodak’s shares drop in value.