Sahm Adrangi gives his insights on Kodakone.

Sahm Adrangi is the founder of Kerrisdale Capital Management; he also serves as the Chief Investment Officer in the same company. The firm was established around 2009 and Sahm has played a huge part in its development since the inception.

Career journey.

Before founding Kerrisdale Investment Capital management, Sahm Adrangi worked at Longacre Fund Management as an investment analyst, he also served at Chanin Capital Partners and offered to advise services to creditors. Working in financial institutions gave Sahm a firm stepping ground on all matters finances he gathered a lot of information during his time in this positions, and this has helped him emerge as one of the best in the financial sector. Apart from his experience, his education has also played a huge part since he acquired a bachelors’ degree from Yale University in Economics.

Sahm is not afraid to express his views especially on the finance subject which he understands, just recently Sahm gave his views on Kodak company and how shareholders might not benefit from the company. According to Sahm Adrangi’s observation shares have risen suspiciously and this was after the announcement of KODAKOne, KODAKOne was launched by the company Kodak and is intended to use crypto-assets to deal with some of the issues affecting the company such as patent violation.

According to Sahm the use of cryptocurrency and blockchains is not a smart move for the company that majors in image production and printing. Though the concept of digital currency is an exciting concept, in this case, it will not help solve the problems at Kodak but instead cause more financial constraints.

Kodak is faced with debt issues tightening liquidity and debt contracts that are restricting them in how they deliver to their shareholders. Thus the introduction of kodakone which according to kodak’s management is a move aimed at securing the company’s dignity. However, Sahm Adrangi gives an insight on why the idea might not yield fruits.

The introduction of this new technology is not the solution to unsolved problems according to Sahm the best way to deal with financial issues is by addressing them from the roots and not introducing more complicated applications.

The program has several restrictions that hinder its adaptability making a questionable move for Kodak.

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