Eastman Kodak Company deals with printing and developing images all over the world. Its stock has recently risen approximately 187% of its initial. Sahm Adrangi, the manager of Kerrisdale capital, however, does not fully agree with the success of Kodak. Kerrisdale capital is a company that focuses long-term investments and funding them with a view to getting profitable returns from the same. According to him, Eastman Kodak Company has more negative effects than positive. Sahm Adrangi went ahead to do a full report showing the negativities of Eastman Kodak Company and why he does not think it deserves the credit it is getting. According to Sahm Adrangi, the rise in the stock market are mere rumors which are aimed at creating a good public relation for Kodak, yet in the real sense, Kodak is a company that does not deserve any better than it is getting. Read more about Sahm Adrangi at Institutional Investor.
In his report, Sahm Adrangi focuses on a few negative issues which he believes must be considered when raising the stock prices of Eastman Kodak Company. First, the report insists that Kodak is a company that is not credible and never delivers what it promises its clients. It uses technical terms in its products which do reflect in the efficiency of the products. Second, the report also insists that the board members of the company are associated with corrupt activities thus cannot be trusted at any point. They are responsible for using the name of the company in illegal activities, which is highly unacceptable. Third, Sahm Adrangi writes that the bit-coin cash miner product, ‘Kodak Kashminer’ is a scam and its main aim is stealing from those who use the product. Finally, he insists that Kodak works with a team that is not credible and cannot be trusted by the people. Read more at Endpoints News about Sahm Adrangi.
Sahm Adrangi is keen on having the share stock prices drop because in the process, his company, Kerrisdale capital, stands a chance of getting a benefit in the long-run. The manager is, therefore, striving to bring out the negativities of Kodak for selfish gains. However, depending on his arguments, the allegations could have a firm base.