Sahm Adrangi: An Expert Investor

Sahm Adrangi is the Chief Investor at Kerrisdale Capital management. He has recently increased the company’s investment in Luxoft HLDG Inc to 19.27%. Sahm Adrangi had up to seven hundred thirty four thousand and thirty six shares as of the last reported quarter. The value of those shares was estimated at nearly thirty million dollars. He led the purchase for the company due to a twenty six percent drop in their stock value at the time. Under Sahm Adrangi’s guidance, the Kerrisdale company purchased one hundred eighteen thousand and six hundred shares of Luxoft HLDG Inc.

This might not have been a wise choice. The Luxoft HLDG Inc company has been caught in a downward spiral for months. The stock that Sahm purchased did rise in price by .56% but the company has continued to spiral downward in value since July of 2017. The company has bounced back in the past. So, only time will tell if the choice to purchase such large amounts of stock was a good one or not. Sahm Adrangi is an expert investor, though. So, he might have made a great investment choice and the downward price trend of stock can rise back up to make it profitable.

To highlight Sahm’s expertise, here is some information about his recent evaluation of the St. Joe’s company. St. Joe’s is a real estate development company in Panama Beach, Florida. Sahm Adrangi says that their one billion dollar value is incorrect. Sahm says that the company is actually worth forty percent less than one billion due to several issues. They have been slow to develop the property that they do own, their property has hard-to-develop swamp land, and they’re having major issues with their largest investor. That makes it harder to warrant their one billion dollar evaluation because there are so many glaring issues working against them. It’s not a very bright outlook for St. Joe’s, but Sahm Adrangi is an expert investor and his opinions are based on fact and an education prediction based on the company’s current state.

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