With a Bachelor of Arts in Economics from Yale University, Sahm Adrangi has distinguished himself as the Chief Investment Officer of Kerrisdale Capital in New York City. One of the main duties of his job is to issue reports on the suitability of investing in various firms and companies. With that being said, he recently set social media and business circles ablaze with his negative report of the Eastman Kodak company.
to put it in summary, the Eastman Kodak company has recently underwent several new ventures, including KODAKone and KODAKcoin. Both of these are attempting to take advantage of the hype surrounding Imaging licensing platforms and cryptocurrencies. Unfortunately, Sahm Adrangi believes this company is a little bit late to the game. Also, here are some other reasons why Sahm Adrangi and the rest of the officials at Kerrisdale Capital believe this new venture will not work out for Eastman Kodak:
According to Sahm Adrangi, Eastman Kodak has not built their platform on a sustainable basis. This would include The fact that Eastman Kodak does not ultimately have a profitable and sustainable future. Their business expenses and their business model is very archaic, and it doesn’t support the methods that appeal to consumers in the 21st century. Simply put, Eastman Kodak has to do a whole lot more than just establish new licensing platforms and a new cryptocurrency in order to be profitable once more.
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
In order for a company to remain profitable, their fundamentals must remain strong. many experts point out that Eastman Kodak does not seem to have the necessary fundamentals to remain profitable in this day and age.
- The Right Experience At The Helm.
Sahm Adrangi has been doing this for a long time, and he does not believe Eastman Kodak has the right experience at the helm. Considering that Sahm Adrangi has many years of experience managing the investments of multi-billion dollar companies, he definitely knows what he is talking about. Not a good sign for Eastman Kodak to say the least.