Sahm Adrangi’s negative report on The St. Joe Company

Sahm Adrangi has published a negative report explaining his short position in The St. Joe Company real estate project. The St. Joe Company is a real estate company that promised investors to transform a vast area near Panama beach into a tourist destination. The company has given a description of an attractive establishment that will attract retirees and lucrative businesses. However, the investment guru, Sahm Adrangi thinks otherwise.

According to his research, the St. Joe Company will not be able to build houses that justify their 1 billion dollar valuation. The land they plan to build on is far from the beach and located in a swampy area. The actual land scape is a direct contrast of the beach described in the company’s pitch.

The sellside assumes that approximately 2700 home sites and 400k square feet are sold every year. This paints a picture of St. Joe Company properties one of the top selling properties in the country. However, in reality there is minimal development going on on the ground. Building department inquiries are close to none and permit fillings are almost non-existent.

In his report, Sahm Adrangi said that long term investors who have waited for long to reap the benefits of their investment should prepare to wait longer for that to happen. As at now, he speculates that the company’s share are worth 40% less than what they were. This decrease in share value is also catalysed by the SEC limitations which make it difficult to liquefy equity holdings.

Sahm Adrangi is the founder and president of Kerrisdale Capital Management, LLC. Kerrisdale is an investment company that focuses on fundamentally oriented investments. Their aim is to help their clients benefit from their investments in the long term. In line with their mission, they also specialize on event driven situations.

Before founding Kerrisdale, Sahm Adrangi worked as an investment analyst with Longacre Fund Management. He had an opportunity to analyse investments worth over 1.2 billion. He analysed and researched both credit funds and equity funds. This helped him sharpen his strength in analysing investments.

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US Money Reserve Works For Disaster Relief

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The Austin Disaster Relief Network certainly has its work cut out for it. The hurricanes have damaged everything from transportation networks to hospitals. Fortunately, the US Money Reserve has contributed and even match donations up to $100k. This effort is just one of the most prominent in the efforts to help repair Texas, but it’s certainly appreciated. Others will be inspired by their efforts and will also join in on the efforts to give the Austin area what it needs to recover. This kind of philanthropy is exactly what defines the US Money Reserve and how it tends to behave.

 

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The most obvious reason the US Money Reserve continues to remain important is the danger of our current day. Everywhere you go you can clearly see signs that a recession or some other economic disaster is on the loom. The best way to protect yourself from these dangers is to invest in gold, silver, or some other precious metal. No matter needs to fear for their future if they accept these investments. People can clearly see a way to stay safe in the thick of it all. That’s something we can all appreciate at the end of the day no matter how much we have. Learn more: http://www.myndnow.com/news/bismarck-news/oil-production-to-dip-below-one-million-barrel-per-day-mark