Sahm Adrangi founded Kerrisdale Capital Management. Initially, he has served several administrative positions as an analyst in various companies. For instance, he worked at Longacre fund as an investment analyst whereby he conducted research as well as investment analysis for equity and credit fund. Additionally, he was a member of reconstructing group at Chanin capital partners where he played a prominent role in advising creditors as well as giving reports on bankrupt companies. He has also worked at Deutsche Bank where aided in structuring high yield bonds among other tasks. Sahm Adrangi is a graduate from Yale University with a Bachelor in Arts in Economics.
Recently, several articles covered the negative reports of several companies he provides including QuinStreet among other companies. The valuation he did at these companies was wrong which and later he confessed so. From one article published, Sahm Adrangi provided a negative report regarding QuinStreet, a marketing company, whose share prices increased fourfold recently. Now Investors believe that in future the company will do great although Kerrisdale reports doubt on sustainability as well as the quality of QuinStreet’s activities claiming it has advanced from bogus web traffic. In this case, Sahm Adrangi is determined to benefit from falls in stock prices because he has a short position in the company.
In another scenario, Sahm Adrangi via his company provided a negative report about St. Joe Company. The company is based in Florida which envisions transforming Panama beach to be a magnificent place. In their report, Kerrisdale sees St. Joe’s Visions too high and says they are probably incorrect. Another reason which makes Kerrisdale reports that St. Joe is off-base is their vast land. Kerrisdale Capital Investment research provides minimal activities of St. Joe Company concerning its advancements as well as permit filings. Kerrisdale Capital argument focused mainly on St. Joe Company relationship with Fairholme Fund which accounts for 24% of the company’s shares. The primary motive of providing adverse reports was to benefit from stock prices decrease since he has few shares.