16 Apr

Eastman Kodak Is Under Fire By Sahm Adrangi Of Kerrisdale Capital

Eastman Kodak is a longtime printing and photography corporation that was a former giant in the industry with over 100 years of experience under their belt. Today, the company is largely under speculation within the investment industry thanks to investors like Sahm Adrangi. Sahm is a reputable investor that stated up Kerrisdale Capital, a private investment managing company. Kerrisdale recently released a report on Eastman Kodak discussing why they are problematic despite the 187 percent increase in company stock value. This increase took place after the company’s announcement to partner up with a cryptocurrency group that allowed them to launch their own image-licensing platform that is blockchain-enabled.

Based on the current issues that face Eastman Kodak, which is largely the same issues they faced 6 years ago when they almost hit bankruptcy, these attempts at taking advantage of the crypto craze is nothing short of a scheme. Sahm Adrangi calls into question the integrity of the company’s management when they are not even attempting to fix their current issues, which should be apparent to this longtime company. Despite these recent partnerships and image-licensing technologies, Kodak has not gained any public attention, which will lead to a decline in revenue again.

The unjustified hype of their shares has also taken hold of many investors that investing before doing proper research in the company, which is why Sahm Adrangi is working to release reports on these problematic companies. Kerrisdale Capital backs up their statements 100 percent, which is also why they currently stand to profit in the face of Kodak’s failure. As CIO for Kerrisdale Capital, Sahm Adrangi is always certain of his decisions and research into a company’s background and this has led to many investors waiting for his advice before making big investments in the first place. Thanks to Sahm Adrangi’s investment decisions, Kerrisdale Capital has accumulated hundreds of millions of dollars over the years, investing in many different companies around the globe.

https://www.bloomberg.com/research/stocks/private/person.asp?personId=252047507&privcapId=109092301&previousCapId=109092301&previousTitle=Kerrisdale%20Capital%20Management%20LLC

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