There are many things to watch out for when it comes to investing to ensure losses stay at a minimum, and one of the most important when investing in a company is its history. Sahm Adrangi is an investing expert that never fails to make good investments for his company Kerrisdale Capital. Kerrisdale invests in various companies around the world as well as providing investment services to clients. Over the years, Sahm has made excellent investment decisions that have taken Kerrisdale literally from the bottom to the top, with assets in the hundreds of millions today. Sahm’s unique insight into the investment industry is what earned him his valuable reputation that most investors are keen to follow these days.
This includes Sahm Adrangi’s recent statements regarding Kodak, a former heavyweight in the photography world, selling all sorts of products and accessories like printers, cameras, and lenses. Things have changed these days for Kodak and they have fallen behind in a bad way in their current market. Kodak had to file a chapter 11 a little over five years ago to avoid bankruptcy, but today they have made no progress in turning around the problems that caused them to fall behind in the first place. In general, they went much too long without upgrading the quality of their products or exercising new business strategies and marketing techniques.
The very latest regarding Kodak is their recent involvement with cryptocurrency. Just a day or so after Kodak stated they were going into business with a crypto group, the company’s share value went up hundreds of millions of dollars, nearly doubling overnight. According to Sahm Adrangi, this is very likely due to overpricing at the moment and it will likely fall, as is typical with cryptocurrency since it is still a young market. This is one of there reason why Sahm Adrangi and Kerrisdale Capital are warning investors to keep their distance from Kodak for the time being. Kerrisdale’s report of Kodak even went as far as saying their latest business pursuit is likely a scam to obtain money from unsuspecting investors.