Sahm Adrangi is the 32-year old founder of Kerrisdale Capital. Adrangi has been very active on various issues affecting the global financial industry. One of the issues he has commented on is about The St. Joe Company. It is a real estate company located near Panama Beach in Florida. The company is said to be worth $1 billion, but Adrangi has a different perspective about that. He thinks that valuation is too high. According to Adrangi, the company is worth 40 percent less what is being valued currently. In a 28-page detailed report prepared by Kerrisdale, he shows why he believes the company is overvalued. Some of the areas that he cites as the cause of the overvaluation include overvalued land holdings, stalled commercial development, and issues with the largest shareholders of the firm.
The plan that was conceived by St. Joe’s was to create a housing plan for retirees and commercial hoses near Panama Beach. The company went on and bought a huge tract of land which they are now developing properties. However, although they bought a large piece of land, most of it remains a desolate swampland that is not yet reclaimed.
For the past ten years, Sahm Adrangi notes that there has been no significant development that has taken place, the projects have stalled and there seem to be no signs of resuscitating the project. He adds that the amount of investment that should be done in order to make St. Joe’s worth the valuation it is being given is simply unrealistic.
About Sahm Adrangi
The sentiments that Sahm Adrangi holds on this company do not originate from any interests that he has at St. Joe’s. His report is simply a report based on facts as he sees them. He has no short investment in this company and has no plans of holding any.
Sahm Adrangi has cultivated a good name in the financial sector by making investments which have yielded huge returns.In 2011, he made a mark when he short some Chinese companies, which just like St. Joe’s were giving the wrong impression about their valuation.
Getting inside the head of an accomplished entrepreneur is a treat. From there you may be able to acquire some of their wisdom that has led to their ultimate success. An interview found on ideamensch.com shows us exactly what that would look like. They sat down with the founder and CEO of Burch Creative Capital. In this interview, they had an opportunity to get his perspective on lots of different things. This interview had the advantage of giving some sound business advice and also playful antidotes. Chris Burch has been working as an investor and entrepreneur for nearly 4 decades. In this time, he has been essential in the rise of prominent brands. One interesting business adventure is his investment in a luxury resort on the island of Sumba. After his careful renovation, it was ranked in 2016 as the number one hotel in the world by travel and leisure magazine. He also has partnered with notable figures such as Ellen DeGeneres. They partner to launch her lifestyle brand called ED by Ellen DeGeneres, get more (Ideamensch.com).
Chris Burch gives the credit of his idea to begin investing with his curious nature. He expresses an interest in everything that goes on in the world and a desire to help to create new and wonderful technologies and experiences. His company, Burch creative capital, specializes in connecting finances with great ideas. By this, he means that his company offers capital, or rather the money to people who have good ideas but don’t have the funds to create them. By partnering together both parties can get what they need and a new idea can be realized. He expressed in the interview that partnering and to create these brilliant ideas is a passion of his. He is proud to be a part of realizing new and innovative solutions to everyday problems.
He also expresses in the interview that he has no regrets in life but if you were to start over he would borrow from Thoreau and “go confidently in the direction of your dreams. Live the life you have imagined.” This quote speaks to a person who believes in the power of following dreams. He also expresses in the interview that his advice to any young entrepreneur is to listen. He credits his ability to read and understand people with a lot of his success. He believes that the key to a good business is having the right people. Chris Burch expresses that success can be found if you find people that are confident and passionate about executing, as posted on medium.com.