Sahm Adrangi operates the Kerrisdale Capital Management firm where he is the founder of the company. He is a graduate from the Yale University from where he completed his Bachelor of Arts in Economics. After completing his studies, Sahm Adrangi worked in a number of companies that included the Longacre Fund Management, Chanin Capital Partners, and the Deutsche Bank. He was very resourceful in the various companies he worked and an instance is where he conducted research and analysis for the credit and equity fund at the Longacre Fund Management.
The Kerrisdale Capital Management, which is based in New York is a private investment firm that focuses on hedging. The organization opened in 2009 and has grown tremendously under Sahm Adrangi’s leadership who started the company with less than $ 1million of assets in 2009 where its asset value stood at $300 million in 2014. As an emerging hedging firm, Kerrisdale gives information regarding the investments ideas to the investment community by posting it in its website at the www.kerrisdalecap.com. Besides, the company’s fundamental focus is in the special event situation and the long-term value of investments.
Followup to my last tweet —
— Sahm Adrangi (@SahmAdrangi) May 16, 2018
The Kerrisdale Capital Latest Report on the St. Joe Company
The Kerrisdale capital recently published on a negative report about the St. Joe Company, which has its stock symbol as the NYSE: JOE. Based in Florida, the 1$ billion worth real estate company stated that it would develop the desolate area located nearby the Panama City Beach and transform the land into a spectacular destination for businesses and retirees. The Kerrisdale report, however, does not agree with this as the report indicates that the company is highly unlikely to utilize the $ 1 billion valuation.
Sahm Adrangi’s report further reveals that St Joe’s land holdings are based in the remote and swampy desolate areas where the company has already sold most of its beachfront land. The total commercial space that has been sold for the past fifty years is over 400k square feet and 2700 home sites. As a result, the St Joe Company that initially had 1 million acres of the virgin real estate land in Florida, currently only has 177 acres remaining in the swampy areas. In addition, the report indicates that there is very little activity going on regarding the development of the land such as the permit fillings and inquiries among others.