Sahm Adrangi Release Negative Reports

Sahm Adrangi, the Investment Manager of Kerrisdale Capital, released a negative report seeking to explain why the firm has recorded a lower position in the Eastman Kodak Company, a commercial imaging and printing firm whose stock rose 187% after launching a partnership with Kerrisdale Capital. The manager said Eastman Kodak Company is literally flawed and thus incapable of providing substantive benefit for its shareholders. He further termed the company along with another firm by the name WENN Digital Incas firms, as firms with well-known dubious backgrounds. He accused Eastman Kodak Company of making hollow attempts to cover its unsustainable and ineffective capital structure. According to the investment manager, Kodak’s soon to be launched partnership will do little to save the firm from plummeting revenues, mounting default risk and negative free cash flow. The seasoned investment management professional promised to hold a press conference where he will release more details regarding the recent negative report.

Sahm Adrangi used to work as Longacre Fund Management’s Investment Analyst before launching Kerrisdale Capital Management. Longacre Fund Management is a privately owned firm with over $1.2 billion valuable assets under its management. Adrangi did investment analysis for the firm, in addition to researching for equity fund and credit fund on behalf of the firm. Before joining Longacre, he worked for Chanin Capital Partners, in the bankruptcy restructuring department. The investor advised creditors on bankruptcy restructuring. His work entailed attending bondholder committees, representing bank debt holders and representing creditors from various bankrupt and distressed companies. In addition to working for these two firms, Sahm Adrangi has worked for Deutsche Bank, where his role primarily entailed restructuring and syndicating non-investment bank debt, and leveraging buyout financings. He is a graduate of the Yale University, where he obtained a BA in Economics. His Kerrisdale Capital offers investment managing services, and it currently manages over $300 million. Based in New York, the firm shares its investment management ideas with the larger investment community via its official site.

Conclusion

Sahm Adrangi move to release the negative report regarding Eastman Kodak Company paints the firm in a truly negative light and thus its future could be ultimately uncertain moving forward.

http://nakreport.com/2018/01/09/kerrisdale-capitals-sahm-adrangi-remains-thumbs-down-on-northern-dynasty-minerals/

 

GreenSky Credit Is Changing The Way People Borrow Money

GreenSky Credit is the idea of its CEO and majority owner David Zalik. He has come up with an idea that is changing how people borrow money for home improvements. The idea will carry over into other areas as Zalik moves GreenSky Credit to areas such as elective medical and dental procedures. Anywhere that people have an expense they cannot pay in full immediately but are in need or want the service. Zalik has tapped into that market with a business plan that makes it easy for the borrower, good business sense for the business supplying the product, and very profitable for Zalik and his company.

David Zalik lived in Auburn, Alabama where his father was a teacher. At the end of junior high school, Zalik scored high on a college admissions test. He then skipped high school and started taking courses at the university. This lasted until he decided to go into business for himself. The time needed for his business left no time for school so he dropped out. It turned out to be a wise decision in the long run as GreenSky Credit has made David Zalik a billionaire. He did not go straight from college to GreenSky. He has other businesses along the way that were a prelude to his current success story.

The business plan of GreenSky Credit is both simple and brilliant. Zalik enlists contractors who do home improvements. He provides them with an app that produces almost instant financing for a homeowner. The contractor presents a proposal for a home improvement to the owner who then says they do not have the cash to pay for the work. The contractor then uses the app to get approval for the loan which is provided by a financial institution. GreenSky Credit gets a fee from both the contractor and financial institution for being the middle man, but does not have to loan any of its own money.

David Zalik sees GreenSky Credit growing in the future by signing up more contractors, and expanding the company’s reach into areas like medical procedures not covered by insurance. The future is bright for anything Zalik touches.

 

https://www.kununu.com/us/greensky-credit/reviews