In recent news, Kerrisdale Capital released a report on Kadak, a photography company that specialized in various equipment and accessories sold all over the world. This isn’t a good thing either since the report goes over the current problems with Kodak and the business practices they are using. According to Sahm Adrangi, Kerrisdale’s CEO and director, Kodak’s latest efforts are merely a sham and are aimed at taking advantage of people to recoup their own losses. Sahm has a good reason for his statements, citing the fact that Kodak recently took up a partnership with a crypto group, with quite a shady background of all things. Not only is the cryptocurrency world highly volatile still in its early stages, but the companies collaborating have had many issues in the past or have specifically hidden facts from the public.
Kodak filed for a chapter 11 some time ago, due to their ever-falling standards in business and lack of updating their products on the market. Sahm Adrangi has noted that despite the company’s recent jump in share value thanks to cryptocurrency, they have yet to change what led to their downfall in the first place. WIth no updates to their regime, Sahm questions whether or not the management is up to something that is not so good.
The majority of investors out there are ready to take the advice of Sahm Adrangi because of his valuable reputation in the industry these days, which he has earned through near a decade of hard work and incredible success at Kerrisdale Capital. Sahm hardly fails to spot good company’s for investing, which is why his company continues to do well and investors seek out his advice. As of now, Sahm’s company is betting on the downfall of Kodak and stands to gain if they do. This is only a matter of time says Sahm Adrangi, since their latest plunge into the crypto markets has barely gained them any attention from the public. This means it is only a matter of time before they land right back where they were 6 years ago when they were on the verge of bankruptcy.