Sahm Adrangi Issues Caution To Those Looking Into Kodak

Sahm Adrangi is one of the most renowned investors in the world today and currently leads at Kerrisdale Capital, which is a private investment firm that invests in all sorts of different projects and industries. For more than a decade now, Sahm Adrangi has been leading the investment field with his excellent insight. As of late, Sahm and Kerrisdale Capital have been focusing extra on the blockchain technologies that are coming out and their overall influence on the markets of the world.

In recent news, Kerrisdale released reports and gave comments on various companies that have experienced huge growth through this new technology. One of the recent company’s under Kerrisdale’s fire is Eastman Kodak, known for this photography products and accessories. In the past, Kodak was a giant in the industry, and as of recently, their stock prices rose roughly 190 percent after using this technology in their own digital currency.

While many investors initially wanted to buy into these Kodak Stocks, Sahm Adrangi has issued a caution to all investors to be cautious before dealing with Kodak. Kodak’s stocks could simply be highly overvalued currently, which would be a big mistake for investors thinking its an opportunity. Sahm believes this to be true because Kodak’s other subsidiaries are also overvalued and are hardly as functional as Eastman Kodak. While there may be some actual value, the company is not using their blockchain technologies in a way that is going to provide returns that are helpful in the end.

Another problem that Sahm Adrangi sees with Kodak is that the developer of the technology they are using has a highly mixed background. This means they could end up with a product that doesn’t perform so well against the competitors. While there is no hard evidence that the company has done anything illegal, the board members have made some very concerning moved according to Kerrisdale, such as gaining access to restricted stock just a day before the company’s cryptocurrency announcement.

https://www.hvst.com/user/sahm-adrangi

http://nymag.com/news/business/boom-brands/sam-adrangi-kerrisdale-capital-2013-10/

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