Kerrisdale Capital Management: Correcting misconceptions in the stock market

Sahm Adrangi is the founder of Kerrisdale Capital Management LLC, where he serves as Chief Investment Officer (CIO). He founded the company in 2009 with under $1 million, but it now manages $150 million. Sahm has been hands-on in the firms’ development and is famous for publishing research and short selling. He became famous when he exposed fraudulent Chinese companies in 2010 and 2011. He currently shares his opinions on stocks that are misunderstood such as overhyped shorts and underfollowed longs. Kerrisdale published a negative report on Eastman Kodak in which it explained its short position.

Eastman Kodak Company announced a partnership to launch a photo-centric cryptocurrency, and a blockchain enabled platform, causing their stock to rise by 187%. Kerrisdale believes the announcement would not change the weak fundamentals of Kodak, nor its unsustainable capital structure.

Kerrisdale research aims to correct these misconceptions and shares its findings on its website, Twitter and third-party investing related sites. Though the company shares its research on different industries and companies, Sahm Adrangi has recently focused its efforts on areas in which it has expertise such as the biotechnology sector. Kerrisdale has published research also on mining sector where Sahm has questioned market valuations and mining prospects of First Majestic Silver as well as other mining companies.

Sahm Adrangi is not only a research publicist but also an activist in the investment sector. He partnered with Lindsay Corporation management to maximize the company’s capital allocation d cash deployment policies in 2013. In 2014, Adrangi led a context seeking to replace Morgans Hotel Group directors with two others elected during the year.

Sahm Adrangi began his financial career at Deutsche Bank where he was in the credit department, performing leveraged and high-yield loan debt financings. He also worked at Chanin Capital Partners where he advised the credit committees on out-of-court restructuring and bankruptcy matters. With his experience in investment banking, he served Longacre Management, a multi-billion dollar hedge fund dealing in distressed debts.

Sahm Adrangi is a Yale University alumnus where he studied Bachelor of Arts in economics and a frequent guest speaker at various conferences.

https://twitter.com/sahmadrangi

Michael Lacey and Jim Larkin: Defenders of the Marginalized in Arizona

On the night of October 18, 2007, Jim Larkin and Michael Lacey were taken from their homes Maricopa County deputies.

The two were handcuffed, placed in an unmarked vehicle and were transported to different jails. It later emerged that the arrest had been orchestrated by the county’s Sheriff, Joe Arpaio. This incident would forever change the lives of the two journalists.

Due to the nature of their profession as journalists, Michael Lacey and Jim Larkin had come to expect interactions with police from time to time. This time, however, it was apparent to the two that their arrest was informed by malice and did not have any legal merit.

A few days earlier, the two had published an article in the Phoenix News Times that showed illegalities committed by the county’s Sheriff and the office of the attorney general.

Fortunately, the two were released soon after questions started being raised by members of the public. Angered by the 24-hour incident, Lacey and Larkin decided to sue the county and the sheriff for the violation of their First Amendment rights.

In 2012, the court ruled in their favor. The presiding judge found that the subpoenas issued by Maricopa county’s office of the attorney general and enforced by the Sheriff were unconstitutional, thus making their arrest illegal.

Following the ruling, Lacey and Larkin received a substantial settlement of $3.7 million that they then used to create the Frontera Fund. The two decided to form the foundation with the primary goal of helping members of the Hispanic community, who endured injustices such as those committed on Lacey and Larkin by the county on a regular basis. Learn more about Jim Larkin and Michael Lacey: http://www.bizjournals.com/phoenix/potmsearch/detail/submission/6427818/Michael_Lacey

Lacey and Larkin are committed to making Arizona a more tolerant place through their Frontera Fund. Towards this end, the fund has collaborated with a number of like-minded organizations, including the ACLU of Arizona and the Arizona Justice Project.

The ACLU (American Civil Liberties Union) of Arizona has existed for a lot longer than the Frontera Fund. The organization has for the last five decades helped shape regulations and policies that are constitutional and humane. Read more: Michael Lacey | Crunchbase and Phoenix New Times | Wikipedia

In fact, the organization has also previously brought charges against Sheriff Arpaio for the mistreatment of Hispanic residents at the hands of his department. The ACLU of Arizona worn the case and set an important precedent that it is unconstitutional to police immigration under the country’s current laws.

The Arizona Justice Project provides legal services to inmates in Arizona that may feel wronged by the justice system. Unfortunately, while the justice system in America is one of the most advanced in the world, there are a few instances where innocent are wrongfully criminalized.

The Arizona Justice Project provides assistance to such prisoners through its wide network of pro-bono lawyers. Currently, the project is working on up to 36 cases.

Ultimately, Michael Lacey and Jim Larkin hope that the work they are doing with the Frontera Fund will lead to equality and respect for the rule of law in Arizona.

 

The Feud Between Lacey, Larkin, and Arpaio Continues.

Michael Lacey and Jim Larkin have been involved in news media for decades. Lacey formed alternative weekly Phoenix New Times back in 1970. Since its founding the duo has gone on to much success. In 1983 they jump started the formation of multi-million dollar conglomerate Village Voice Media with the acquisition of Denver weekly Westword. Advocates of the first amendment Lacey and Larkin hit the pinnacle of fame when they began butting heads with Sheriff Joe Arpaio. Their fued with Arapio was legendary, and now years after their retirement, it looks like it is starting again. Earlier this year Lacey and Larkin returned to the news with Front Page Confidential, an online counterculture news source. The site was launched in the wake of Arpaio’s pardon and the duo has wasted no time in making him the subject of their articles. Their fight against Arpaio has always been a fight for the Latino community. One that got them arrested.

 

Lacey and Larkin were both arrested in 2007. The duo printing a subpoena bearing confidential information under their byline. The arrest led to a 24 day stint and caused much outrage. After they were freed the duo filed for a wrongful arrest case that resulted in a $3.75 million dollar payout. Since their sale of Village Voice Media the duo has been running the Frontera Fund. Frontera fund is an organization that allocates the $3.75 million dollars to Latino groups advocating for migrant rights. It pledges to continue the fight against Arpaio. A fight now continued through Front Page Confidential.