Tag Archive: Bitcoin

Sahm Adrangi Takes on the Bull Market with Three New Shorts

While a lot of investors are headed away from hedge funds and other methods that involve fundamental analysis, Sahm Adrangi and his team at Kerrisdale Capital Inc. are still choosing these ways of investing instead of choosing the more mechanical approaches that seem to be popular today. For Sahm Adrangi, it hasn’t been difficult for his company to find success by choosing good stocks for long-term investments while choosing bad stocks to take a short position on. There is still room in the bull market for the type of fundamental investing that Kerrisdale specializes in.

There are a couple of companies that Kerrisdale has taken a short position on that have been garnering a decent amount of interest by investors and the media. One of these is the biotech company called Proteostasis and their leading drug candidate that was designed to treat the crippling disease cystic fibrosis. While their Phase 2 data from testing may appear to be positive, Sahm Adrangi believes that the data released was designed to be intentionally misleading. As a well known activist investor, Sahm Adrangi has shorted the stocks of several other biotech companies who were using the same tactics in order to push an ineffective drug to investors.

Along with Proteostasis, Kerrisdale has their eye on a company in a completely different industry: real estate development. The company St. Joe may have had a good amount of success developing land on beachfront property in Florida, but the same cannot be said for a large tract of land located in Central Florida that can only be best described as swampland. Investors into this development have been waiting for around 10 years to hear news about returns, but they have been rather quiet and there has been little to no progress when it comes to making changes to this property and there is no indication that this will change any time in the near future. In order for the company to meet the expectations and valuations that they had presented to investors, they would have to have sales that would set impressive records throughout the United States.
https://www.prnewswire.com/news-releases/sahm-adrangis-kerrisdale-capital-issues-negative-report-on-the-st-joe-company-and-announces-conference-call-schedule-300635156.html

Some Thoughts From Shervin Pishevar

There were some big thoughts on the Twitter account of Shervin Pishevar recently. He has to put out some ideas about what he thought about the state of the economy and the world in general. He wanted to make sure that he put out these ideas in a way that people could understand. He broke down some ideas such as this.

Startups Are Not Going To Have As Many Benefits As They Once Did

Shervin Pishevar says that startups are not going to have the kind of key advantages that they did in the past in America. He says that so much policy has focused on helping the biggest of the big corporations with their goals. While that may have seemed like a good idea in the short run, the reality is that it does not work well for things in the long run.

Of all of the people to talk about this idea, Shervin Pishevar is among the best to make this point clear. He points out that startups such as Uber and Airbnb once had a big advantage in America. He thinks that they may be the last of the great startups to start in America.

Bitcoin Is Overpriced

Shervin Pishevar is not the first person to say that Bitcoin is overpriced, but he honestly believes it. He thinks that it is reasonable to believe that the cryptocurrency does have some value to it in the long run, but he thinks that the price that it has reached as of late has gotten out of hand. He thinks that those who have put so much of their faith in Bitcoin are putting themselves massively at risk.

He would like to see Bitcoin pull back to at least between two-thousand and five-thousand dollars per coin before he would ever recommend making a move into the currency. Shervin Pishevar made that very clear when he put out his thoughts on Bitcoin on Twitter.

These are two of the areas that you could have learned a little something about if you had been a reader of the Shervin Pishevar Twitter account.

https://www.ogilvy.com/tag/shervin-pishevar/