Hedge Fund Manager Sahm Adrangi Explains His Short Position On Eastman Kodak Company

Sahm Adrangi is a hedge fund manager who runs a company he founded called Kerrisdale Capital Management, LLC. He recently announced that his hedge fund was taking a short position on the stock of Eastman Kodak Company (NYSE: KODK). Eastman Kodak, a company involved in photography and commercial printing, had seen its stock value go up almost 190% recently. This was right after they had announced they had formed a partnership with another firm to establish a photography licensing platform that is based on blockchain technology. Visit Crunchbase to know more about Sahm Adrangi.

Speaking on this development at Eastman Kodak, Sahm Adrangi said that all Eastman Kodak is doing is chasing after the latest hot trend of establishing make-believe cryptocurrencies. He said this move doesn’t do anything to alter the basic fact that Eastman Kodak is in terrible shape and, because of their large debt loads, have a capital structure that will soon come under enormous pressure. He sees this move as a sham and expects their stock value to collapse. By taking a short position on Eastman Kodak Sahm Adrangi’s hedge fund will make money if shares in this company fall.

View: http://fortune.com/2016/04/21/sahm-adrangi-kerrisdale-short-sale/

Sahm Adrangi hosted a conference call on 2-7-18 at 10:30 a.m. Eastern Time where he explained in detail all of the problems he saw with Eastman Kodak’s latest move. Other investors dialed into this call using one of two toll-free 800 numbers. During the call he explained why he thought the announcement was nothing but smoke and mirrors and was doomed to failure.

Sahm Adrangi lives and works in New York City. He founded Kerrisdale Capital Management in April 2009 after having been in the financial industry for over five years. He earned his undergraduate degree in economics in 2003 at Yale University. For five years he was an analyst for a number of big firms such as Chanin Capital Partners, Longacre Fund Management, and the German banking giant Deutsche Bank. His company is a research-oriented investment firm that focuses on value stocks as well as businesses that are in special situations. When he sees a publically traded company in a special situation he shorts their stock and then explains to the investing world why he has done so. Follow Sahm Adrangi on Twitter.