Sahm Adrangi and Kerrisdale Capital Management

St. Joe organization is facing more problems as Sahm Adrangi of Kerrisdale Capital’s report claims. According to the report, the organization has a lot of shortcomings that may force it to sell itself soon. The company will be discussing conference call. Those who will have time and listen to the discussion; they will be able to learn more about the current situation with St. Joe. The biggest shareholder of St. Joe which has almost a third of the shares Fairholme Fund, is facing some challenges too and is likely to withdraw some of its shares from the company.

The Fund has to abide by the new rules set by SEC, and this is going to make things even worse for St. Joe. Fairholme has been making bad decisions in terms of stock choices for the last few years, and this has made its assets to decline to the lowest levels. Because of this, the fund has to withdraw its position from St. Joe by almost half, something that is going to hurt the other shareholders of the company. This indicates that St. Joe will be treading on shaky ground even if all other operations of the company were running smoothly.

That is not all that St. Joe is facing currently. The organization has its valuation exaggerated. The value of the company is up to a figure that nobody can believe. The organization purchased some desolate land near Panama City Beach with plans to transform the areas. These plans were made more than ten years ago, and so far nothing has taken place in the property. As the shareholders watch and wait to see the actions of St. Joe, they are yet to be shocked because it seems like St. Joe will not be able to develop the land as promised even if it takes a lifetime.

Sahm Adrangi is the founder and CIO of Kerrisdale Capital Management LLC. The company was established in 2009 and specializes in long-term value investments. Sahm Adrangi is famous when it comes to investment banking. Sahm Adrangi is also a frequent speaker at several conferences such as the Activist Investor Conference, the Distressed Debt Investing Conference and others.

https://twitter.com/sahmadrangi?lang=en

There May Be Some Weight to Shervin Pishevar’s Rants

As the likes of Business Insider and Analyst Offinance have already covered, Shervin Pishevar had gone on a 21-hour tweet storm that perplexed the financial industry. While it was taken lightly by some news outlets, Shervin Pishevar actually had some valuable insights on how our market will be in 2018.

For example, Shervin Pishevar believes that Uber is pretty much the last example of a successful small startup. He believes that big companies will continue to absorb talent and sabotage small companies from having a chance. This is due to the fact that there is a lack of regulation in the United States and that these companies have an immense amount of wealth to manipulate the market.

While Silicon Valley hosts most of the country’s largest startups, Shervin Pishevar believes that it won’t be the tech hub it used to be. Sure, reputation plays a big part in attracting foreign money, but the high costs and lack of control are leading companies overseas. Many have figured out that tech companies can exist anywhere and programmers may work remotely, so don’t be surprised if the industry becomes location independent.

His prediction of Bitcoin crashing did come true this year but it was not as low has expected. The idea of a gradual rise within the next couple of years is entirely reasonable and seems to follow the predictions of market experts. Of course, the volatility of the market can always prove him wrong.

He predicted that China will overtake the United States in terms of infrastructure towards the end of the rant. This one will be quite hard to prove anytime soon as China has barely begun modernizing most of their major cities. The rural countryside of China is also non-existent when it comes to infrastructure in comparison to the United States. Since there is rapid growth in China and the Third World, it wouldn’t be surprising if the country does overtake our nation in infrastructure quality.

While this investment mogul painted a horrible picture of the country, it is up to market leaders to learn from it rather than letting it come into fruition. Shervin Pishevar has been investing in some of the top tech companies so he does have an eye for predicting the future.

https://aircargoworld.com/allposts/tag/shervin-pishevar/