Sahm Adrangi opposes valuation of St. Joe’s

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.

http://www.worth.com/qa-short-seller-sahm-adrangi/

Shervin Pishevar takes Twitter by storm and his opinion on the recent stock exchange market plunge

Shervin Pishevar is no newbie to the world of social media. In fact, he is one of the most active figures on Twitter, where he is famed for his 21-hour tweetstorm. It is through this platform that he airs his opinion on topics pertaining to business and matters affecting our economy such as bitcoins among many other issues.

Nevertheless, doing something so often tends to become monotonous, a factor that saw him take an extended break from social media. The media and his fans missed him in equal measure, but it seems Shervin Pishevar was waiting for the opportune time to bounce back because, after his lengthy silence, he recently took Twitter users and the media in general by surprise, after going on a fifty tweet spree, as a sign of his comeback.

The fifty tweet spree covered a wide array of subjects, the main topic of the day being the recent incomprehensible US stock market drop. Pishevar went on to add salt to the already grievous injury by warning traders that there are more losses on the way and as such, they should seek refuge before it’s too late. Shervin also gave a list of reasons why he believes that things will go from bad to worse and topping this list was the issue of government bonds.

According to Shervin Pishevar, gone are the days when government bonds had the power to correct the situation. In respect to that, Shervin urged traders not to rely on them as they are more like ineffectual tools. He also confidently added, that due to the skyrocketing tax giveaways, interest rates, and credit account shortages; traders should immediately pullout to prevent their 2017 gains from going down the same road that their 2018 profits went, after the recent market plunge.

Shervin also had something to say about managed funds and did not spare Silicon valley either and fiercely compared it to nothing but a viral idea. There is no doubt that through the fifty tweetstorm, Shervin Pishevar made up for his absence. For instance, he touched on no-go zone topics such as immigration. Nevertheless, it was not all about crashing the dreams of traders. At the end of the tweet storm, Pishevar seemed to be implying that the imminent stock market crash and rapid spread of inflation will help create a democratic economy; thus creating equal opportunities for everyone.

More about Shervin

Mr. Pishevar is an American of Iranian origin, who first came to America as an immigrant with nothing but big dreams. Looking at Shervin’s current success, there’s no doubt that Pishevar is truly living his dream. He is the force behind various top-shelf companies such as Hyperloop one, Investment companyand multiple others in which he has had a hand in establishing. Currently, at forty-four years, Shervin Pishevar has achieved milestones in the world of business and is undoubtedly an influential figure in this arena.

https://www.indiatoday.in/topic/Chairman-Shervin-Pishevar