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.

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