Tag Archives: Cryptocurrency

Sahm Adrangi: The Picture Isn’t Good For Kodak

The future of Kodak Eastman Company doesn’t look good according to the negative report that was issued by the investment firm Kerrisdale Capital and their outspoken Chief Investment Officer Sahm Adrangi. While investors were initially excited when the company announced 2 new products known as KodakOne and KodakCoin, Sahm Adrangi believes it’s all hype trying to bail out a sinking ship that is doomed to bankruptcy.

Cryptocurrencies are hot right now and many investors both casual and professional are getting in on the trend and KodakCoin is thought by many to be just a way for the Kodak Eastman Company to cash in. While KodakOne is being described as an imaging licensing system that identifies licensed images using blockchain-enabled technology, Sahm Adrangi thinks the whole idea is just “silly” and will never work due to technical and legal issues. The KodakOne and KodakCoin systems are intended to work together in order for photographers to get paid for their work, but besides the legal and technical issues, it’s unlikely that anyone wants to get paid for their work with new and unproven digital currency instead of cash.

Sahm Adrangi has a great record of identifying companies that are headed to failure. He is what is known as a value investor as he will short sell the stocks of companies that he sees as operating unscrupulously or even fraudulently. This has led to his company and their investors as well as himself to make a considerable amount of money off the failure and demise of these shady businesses. Previously, he has successfully shorted other types of companies such as ones in the pharmaceutical industry that were trying to release drugs whose benefits were being hyped up by the company to make a profit from investors. Shorting stocks is a risky investment, but one that can pay out very well if done properly. With Sahm Adrangi’s history of success, even news outlets such as CNBC are reporting on his predictions. Only time will tell if the Kodak Eastman Company will fail, but currently, the picture doesn’t look good for them.

 

https://endpts.com/kerrisdales-sahm-adrangi-leads-a-brutal-new-biotech-short-attack-as-trial-results-loom/