Investing is a highly lucrative business these days, and investors all over the world are regularly searching for new opportunities for their investment journey. For many investors out there, seeing a company’s stock prices rise is a great thing and reason enough for many to start investing to gain as much profit as possible. Unfortunately, things are not always what they seem when it comes to a company’s future outlook and Sahm Adrangi knows this better than anyone. Sahm Adrangi’s firm, Kerrisdale Capital, is an investment company that has gone from the bottom to the top thanks to Sahm’s incredible insight into various markets and companies that are heading in the right direction.
We short (misguided) innovation for a living, but shorting bitcoin or doubting cryptocurrencies is nutty. The mkt opportunity is massive https://t.co/Q4vsI9nuyf
— Sahm Adrangi (@SahmAdrangi) September 25, 2017
Despite how things may look on the outside, there is always something internal going on at every company and it is each investor’s job to do the research to figure out if investing is the right choice. Despite this, Sahm Adrangi knows how easy it is to bypass the issues and look for the dollar signs. This is why Sahm Adrangi takes the time to advice other investors which companies are safe and which ones need to be avoided at all costs. Kodak is the latest company that investors have been excited about due to the incredible stock price increases they’ve had in a very short period of time. However, Sahm urges investors to stay clear of Kodak for the time being due to this increase being directly caused by a cryptocurrency group.
Not only is cryptocurrency unstable with many different groups going bankrupt or being found to scam people by tricking them into investing, but Kodak themselves are an unstable company. Only six years ago the company had to file a chapter 11 due to falling behind in the market, and today they have done nothing to improve their current stance among their competitors. Kodak’s management as well as their products and services have fallen behind in their industry, and with each passing year, they have continued to let it progressively get worse. This has led Sahm Adrangi to believe their latest efforts are simply a scheme to extract money from people before they go under. In any case, staying away from the company for the time being to see how things turn out over the next few months is good advice.