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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Shervin Pishevar Charts America’s Tragic Course

Shervin Pishevar is considered to be one of the most influential venture capitalists in the world today, and as the co-founder of Virgin Hyperloop One, as well as Sherpa Ventures, he has made a career of identifying and investing in upstarts that would eventually rise to prominence, becoming globally recognized brands. Companies such as Airbnb, Warby Parker, Slack, Rapportive, Dollar Shave Club and Rap Genius were all recognized by Shervin Pishevar for their enormous potential long before they became mainstays in the eyes of the general public. The graduate of the University of California, Berkeley initially studied in the field of molecular cellular biology, making the transition into the world of entrepreneurship shortly after college after realizing the potential within himself to flourish in this field. Due to his stellar set of credentials, the world often pays close attention when Shervin Pishevar speaks, as he usually takes to Twitter to deliver his perspective regarding the general state of the market and the future of the American economy.

In his glorious return to Twitter, after a short layoff, Shervin Pishevar touched on a number of topics that are due to change the climate of America, including the future of the stock market. During the delivery of his succession of tweets, which spanned 24 hours, he stated that the stock market would soon experience a 6000 point drop off. With the stock market currently in flux, which has been occurring since the early part of the year, this prediction seemed wholly feasible, but not many people saw the 1000 point loss that followed. Losing 500 points in just 30 minutes, the entirety of the market began relinquishing its perceived safety, which had been consistently championed by the US President, Donald Trump. Shervin Pishevar immediately addressed President Trump following the Dow Jones’ substantial loss, tweeting that “Presidents should not be cheering the stock market,” and following it up with a hashtag named “TrumpDump,” which quickly caught on throughout the Twitter community. If Mr. Pishevar, who has been correct on so many occasions regarding financial issues, is correct, the United States is in for a number of drastic changes.

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