Kerrisdale Capital Management founder and Chief Investment Officer Sahm Adrangi has a long and successful career in the financial industry. Before he founded Kerrisdale he worked for Deutsche Bank, Chanin Capital Partners and Longacre Fund Management. Investment management outfit Kerrisdale Capital is based in New York and focuses on making investments that have a lot of value in the area of public securities. Along with the Sam Adrangi, the firm also enjoys the expert executive leadership of Chief Financial Officer Edward Gu and Head of Marketing and Investor Relations Peter Baer. Sahm Adrangi has recently had the duty of reporting some negative findings regarding several different companies. The first was real estate development operation the St. Joe Company and the second one was marketing firm QuinStreet.
Sahm Adrangi’s negative position regarding the St. Joe Company revolves around the company making exaggerated claims about the market value of a major development project in Florida. The St. Joe Company has placed a valuation of $1 billion in regard to its development project in remote and swampy areas of Panama City Beach, Florida. The project has been ongoing for years and yet there has been little accomplished. Sahm Adrangi points out the fact that St. Joe’s investors have suffered under what is hard to describe as anything other than a debacle and they will in all likelihood be waiting a lot longer still.
Sahm Adrangi has also recently put out another negative report, this time in regard to marketing outfit QuinStreet. Sahm’s criticism largely revolves around a very suspect pattern of fake traffic that has been present on QuinStreet’s proprietary network. QuinStreet’s investors have recently been energized by the idea that the outfit is moving towards an advantageous position but Sahm Adrangi cautions against this and paints a picture of QuinStreet being an organization that is lacking in many areas.