Kerrisdale Capital, founded and operated by Magee High School alumni Sahm Adrangi, has a well-earned reputation as a sharp and thorough short-side operator that gets on top of companies with weak fundamentals and runaway valuations. Its last short position came early in the summer, when it announced it was shortingVirgin Galactic (NYSE:SPCE). Published . Do NOT trust your money to them! Feb 8, 2022 5:36 PM EST. Alt Turnover is calculated by taking either the total MV of new purchases or They are shit. Lists Featuring This Company. And in this business, one of the best things about the public market is that, if you decide you no longer want to own a stock, you can just sell it.. MIAMI, FL Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. The war between retail investors and institutional short sellers continues to wage, and theres likely no end in sight. Thats good for the markets, Adrangi said. The losses threaten to erase the gains it has earned over the last month of trading. A link for both articles can be found at: https://www.kerrisdalecapital.com/blog/. . Create an account to follow your favorite communities and start taking part in conversations. 1 /r/astspacemobile, 2022-09-15, 18:24:25 Kerrisdale Capital Short Seller Report on AST SpaceMobile Inc - ASTS . Kerrisdale has approximately $330 million in assets under management and is based out of New York City. Chinese Canadians are a sizable part of the population in Greater Vancouver, especially in the Chinese communities in the city of Vancouver and the adjoining suburban city of Rich CEI Stock and 4 Other Big Names Kerrisdale Capital Has Sold Short, 5 Hypergrowth Stocks With 10X Potential in 2023, short squeezes drained firms of nearly $1 billion, ignorance of its long and often ugly history., confident in its stand against many retail-trader favorites. . Be sure to check us out on YouTube, Twitter, Facebook, and Instagram, join our Discord! He writes for InvestorPlaces Todays Market team, which centers on the latest news involving popular stocks. Now we fight back! ChatGPT Sounds Exactly Like Us. OriginalWhaleScore This agreement came to light following Astras infamous powerslide launch, in which a Delphin rocket engine (developed by Astra) shut down shortly after liftoff. HTTP://KERRISDALECAP.COM/ Investment firms are surely a little nervous when they announce a new short position. Adrangi published a 26-page letter on its site that details its concerns about Match Group. Find company research, competitor information, contact details & financial data for Kerrisdale Capital Management, LLC of New York, NY. 5 Beds. Interest rates are a major component of the model; a higher interest rate signifies a lower present value when all other factors are held constant. Recently, the fund started adding punny subtitles to its reports to add a breath of humor. Management lowered fiscal 2018 guidance for revenue from $943 million to $920 million and for earnings per share from $3.26 to $2.85 . This site is protected by reCAPTCHA and the Google. Oftentimes, the hedge fund uses Twitter and Twitter Spaces as a way to engage with everyday investors. Sahm Adrangi - Founder & CIO of Kerrisdale Capital. We are a fast-growing fundamental long-short fund with an activist bent. Higher interest rates also lower the value of future cash flows when discounted back to the present. The Federal Trade Commission sued Match Group in 2019 for what it called deceptive or unfair practices.. Atlanta, Georgia--(Newsfile Corp. - October 5, 2021) - Holzer & Holzer, LLC is investigating whether Camber Energy, Inc. ("Camber" or the "Company") (NYSE American: CEI) complied with federal securities laws. All text and design is copyright 2020 WhaleWisdom.com. Industry: Investment & Asset Management. [1]: Should we create an account named "Anti-Kerrisdale Capital" on all the platforms to help people get together and fight against the stupidest . At the time of publication, Astra had only successfully launched one rocket into orbit after six previous failures. . Initiating research coverage on long and short investments AST SpaceMobile, Inc. (ASTS) Unconnected from Reality. Adrangi isnt sure how inflation will play out in the future, but he stated that at some point, inflation will ease and supply chain challenges will resolve. New comments cannot be posted and votes cannot be cast. and a top 10 holdings concentration of 48.51%. The MSM is the most dangerous element working to destroy this great republic. There are 2 lawyers so far for investors who chose to seek damages. Astra is falling behind its competitors. In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. Get the latest business insights from Dun & Bradstreet. Performance Sahm Adrangi's Kerrisdale Capital has doubled down on its position in Luxoft, which is now 20% of the firm's portfolio. NEW YORK, Feb 2 (Reuters) - Sahm Adrangi, whose Kerrisdale Capital cemented its reputation with successful bets against Chinese internet companies, came out with a long . Hedge fund Kerrisdale Capital Management is betting against the shell company tied to Donald Trump, wagering that it will fail to get regulatory approval to merge with his media company and take it public. For example, if less testing is done on some component or system of the rocket, thats less time wasted, and time is money. We recommend reading this report should you be interested in the full context. CEI has been around however their carbon capture has not lets be realmoney inbound, Heads aren't in our asses. Why Is Mullen Automotive (MULN) Stock Down 11% Today? Download 13F Summary Viking has seen multiple auditors quit, with most recent change a chilling 3 wks ago. On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. Multiple industry executives we interviewed, who routinely secure launch services for small satellite manufacturers on a global basis, agree that Astras rocket dimensions and payload capacity are well below the sweet spot of customer needs. On October 5, 2021, Kerrisdale Capital released a report alleging the Company "has failed to file financial statements with the SEC since September 2020, is in danger of having its stock . The Upside Potential for SOFI Stock Is Limited. Kerrisdale Capital - Sahm Adrangi assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey All rights reserved. Doris did the exact opposite. If it's kerrsdale great! Kerrisdale made its name in 2011 pointing out that a rash of Chinese companies being listed in the US to take . Based on this years returns alone, youd be surprised to hear that Coleman is regarded as one of the best hedge fund managers of all time. Share count dilution has the effect of decreasing a shareholders ownership of a company due to the issuance of new equity, which in turn can reduce the stock price. Hedge Funds: Kerrisdale Capital Takes Aim at Match.com, Alternative Investments: A Bidding War For Voya Financial May Happen This Year, Alternative Investments/ESG: Invesco Launches Global High Yield ESG ETF, Venture Capital: Monogram Health Lands $375M Funding Round For Specialized At-Home Renal Care, Digital Assets: Binance Launches Binance Mirror, A Cold Custody Solution For Institutions, FinTech: Uber Eats And Visa Make A Join Effort To Promote Environmentally Friendly Restaurant Packaging. Nasdaq Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. Astras attempt to catch up is self-evident. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The investigation concerns whether Camber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. How do I update this listing? Rocket Lab, Relativity, ABL, and Firefly all have plausible plans to produce 1,000kg+ rockets that will be entering the market in the near term; by contrast, Astra aspires to produce a 500kg rocket two years from now. Capital gain is the profit one earns on the sale of a real estate asset. Valued at $2 billion, Astra Space is working on its launch vehicle to carry payloads up to 500kg to orbit. is_redirect && ! The companys financial statements also warned of substantial doubt regarding the Companys ability to continue as a going concern.. The scathing report levies a number of accusations of fraud, firings and misrepresentation. NEW YORK, Feb. 7, 2018 /PRNewswire/ -- Kerrisdale Capital, a private investment manager, has published a negative report explaining its short position in Eastman Kodak . Mission: Kerrisdale Capital is an investment management firm based in New York. Due to this the stock has seen approximately a 10% drop in price as the time of this report leading losses for investors but gains for Kerrisdale. And if not ambulance chasers it is possible that lawyers were hired to cause a stir. We are short $CEI. Expect many more failures as Astra ramps up its launch efforts. Anson Funds' Moez Kassam Interview: Investing in the Success of Businesses and Communities. Kerrisdales recent success proves that in times of difficulty in the markets, its best to focus on the long term. It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. Dies geschieht in Ihren Datenschutzeinstellungen. In the field where it asks "Please choose the general topic of your message: CHOOSE "OTHER" at the VERY . By Chuck Mikolajczak. Why Is Mullen Automotive (MULN) Stock Down 11% Today? Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. 15. In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. Investment firm Kerrisdale Capital released a short report on Lightwave Logic Inc (NASDAQ: LWLG) on Thursday, describing the company as a "failure" and stating that it "has been . We, Asad C. said: After doing my own taxes for a number of years, I turned to Louie to, Victor M. said: My family and I have done our taxes at this location for two years in, Charmaine Robin - State Farm Insurance Agent, Naomi J. said: I just relocated back to New York. 3D WALKTHROUGH. Atlanta, Georgia--(Newsfile Corp. - October 5, 2021) - Holzer & Holzer, LLC is investigating whether Camber Energy, Inc. ("Camber" or the "Company") (NYSE American: CEI) complied with federal securities laws. Their last reported 13F filing for Q3 2022 included $411,750,000 in managed 13F securities and a top 10 holdings concentration of 48.51%. Nearby homes similar to 1421 Euclid Ave have recently sold between $519K to $519K at an average of $235 per square foot. 1125 N. Charles St, Baltimore, MD 21201. Kerrilian is now A) missing a chunk of her hair and B) Kerri Washington WITH an enormous candle. Oct 15, 2021. Ultimately, these are entities that spit out cash flow and youre paying a certain price for them, and it depends what those cash flows are. Buyer Beware! Dear MULN Stock Fans, Brace Yourself for a Reverse Stock Split. For yrs, CEO Doris ran Viking with an allegedly fake CFO. Create Email Alert, ***Log In or Thats because the firm has been unabashedly shorting numerous different big name retail stocks. Here's how Kerrisdale CIO Sahm Adrangi has stayed successful for over a decade. Astra also has plans to build its own satellite constellation in the future. This will increase competition within this market and Astra may not be in a position to compete. 703 Number of Organizations $8.1B Total Funding Amount 240 Number of Investors. The program is also part of a broader, 2020 DailyAlts. containing a link to download the .zip file of the CSV file(s) you requested. Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. Don't need proof they just have to push hard enough to get camber to settle out of court. On October 5, 2021, Kerrisdale Capital issued a report which stated that, Camber is a defunct oil producer that has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September. Announcing the report with a series of cheeky tweets, calling the play absurd and littering the main points with emojis, the firm is flying in the face of what CEI bulls and meme traders alike want to see. the MV of securities sold, whichever is less, Shares of Digital World Acquisition Corp., a special-purpose acquisition company, have more room to fall, according to a report Wednesday from Kerrisdale announcing its short position. The Rosen Law Firm has opened an investigation into Astra Space, Inc. [NASDAQ: ASTR] due to allegations that Astra presented misleading material to the public. Kerrisdale Capital is showing that they are not afraid in the least, though. When researching a new short idea, Adrangi also considers the track record of a companys management and its business partners. About Kerrisdale Capital (www.kerrisdalecap.com) Kerrisdale Capital Management, LLC is a fundamentally-oriented investment manager that focuses on long-term value investments and event-driven special situations. Camber Energy (NYSE:CEI) is one of the newest contentious plays between Wall Street and meme traders, thanks to a short report by Kerrisdale Capital. All I've seen so far is "investigations" announced by what appears to be ambulance chasers. The Department of Justice and the U.S. Securities and Exchange Commission are investigating dozens of investment firms for their short selling activities. Anyone know? Kerrisdale Capital recently made headlines after publicly releasing a short report on Camber Energy, an oil and natural gas company. Unfortunately, retail investors arent only engaging with well-researched investment ideas on social media. Report avail at https://t.co/mIscXnnEmd. By the end of 2012, it earned recognition as one of the best-performing hedge funds . Performance numbers calculated through 2022-11-14. WHAT IS THIS ABOUT: On December 14, 2021, during market hours, market analyst Kerrisdale Capital published a report entitled "Meta Materials, Inc. (MMAT): A 'Photonics' Company That's an . We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Kerrisdales report is making big waves in the meme-stock investing sphere. Astra is playing a risky game. Kerrisdale is a 99-year Leasehold property, located in Farrer Park / Serangoon Rd. CEIs filings arent current & delisting is a real risk 6/7, Since 2012, Viking has rebranded several times and changed up its leadership, such as through bringing on James Doris as CEO to revamp the company. So, how exactly does Kerrisdale choose which stocks to short? Ever since GameStop (NYSE:GME) and AMC (NYSE:AMC) short squeezes drained firms of nearly $1 billion in just days, the idea of investors mobilizing on a short position once again comes with considerable weight. For example, in the Astra report, the subtitle reads Headed for Dis-Astra.. Hedge fund Kerrisdale Capital Management is betting against the shell company tied to Donald Trump, wagering that it will fail to get regulatory approval to merge with his media company and take . We all make mistakes. Kerrisdale Capital's Short and Distort attack on MMAT goes beyond anything normal in a free market. C. T. said: I don't often write reviews unless I had very poor or extremely wonderful, Alexandra H. said: Let me start off by saying that the reviews on here are REAL. Kerrisdale also stated that Cambers share count had increased 50 million fold from early 2016 to July 2021. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. But what plays beside CEI stock are these firms shorting? Binance has launched an off-exchange settlement solution called Binance Mirror which allows institutional investors to lock collateral by connecting their qualified cold wallet with Binance Custody. . Ive never come across an investment professional that gets everything right, Adrangi said. The Rosen Law Firm has opened an investigation into Astra Space, Inc. [NASDAQ: ASTR] due to allegations that Astra presented misleading material to the public. 100% agree. As of April 30, its flagship fund had declined by. Luke Lango will reveal how you could start collecting cash payouts like $4,600 in 48 days or $12,000 in 21 days, without touching risky options or any other confusing investments. Adrangis latest short reports focus on names that are popular with retail investors, such as Digital World Acquisition (NASDAQ:DWAC) and Astra Space (NASDAQ:ASTR). 2023 InvestorPlace Media, LLC. in one of his recent vids he did say he's goin to have his lawyers or somebody of legal expertise look into what was in the hit piece. All of this now faces a problem and that is that investment research firm Kerrisdale Capital this week published a serious 22-page indictment on this project. When SEC asked then-chairman Simeo if the CFO was made up, he pled the 5th. Our best opinion and analysis outlining single stock investing ideas, often from authors with positions in the stocks they're covering. Hedge Fund Sie knnen Ihre Einstellungen jederzeit ndern. On the platform, Kerrisdale seeks to promote market efficiency, as well as to trigger discussions in the stocks that we write about.. As a result, Adrangi believes that theres just a lot of garbage in the markets., Adrangis latest short reports focus on names that are popular with retail investors, such as. We love the technology and the growth happening in this company. A company that dilutes its share count and relies on debt extensively for capital may not make the best long-term investment. Darius Miles, a former Alabama men's basketball player who was charged with capital murder in the shooting death of a 23-year-old woman early Sunday morning, "maintains his innocence" and is . Donald Trump tosses out MAGA hats at a rally in Ohio, in June 2021. Oftentimes, the hedge fund uses Twitter and Twitter Spaces as a way to engage with everyday investors. [2]: From 2015 to the first half of 2021, Vikings cumulative net income totaled negative $105 million. For short-squeeze traders, these waves are not fun ones. Kerrisdale Advisers's largest holding is Valaris Ltd with shares held of 555,046. This one has something for everyone: death-spiral financing, a fake CFO, delinquent filings, fired auditors 3 wks ago, insolvent energy assets & the saddest family of entrepreneurs in the cleantech vaporware space 1/7, Kerrisdale Capital (@KerrisdaleCap) October 5, 2021. Regardless of whose side you take, you likely have an opinion on the matter. Sometimes it's just a fight for the good things. On the platform, Kerrisdale seeks to promote, , as well as to trigger discussions in the stocks that we write about., Unfortunately, retail investors arent only engaging with well-researched investment ideas on social media. Sahm Adrangi, Kerrisdales CIO, founded the hedge fund in 2009 with less than, By the end of 2012, it earned recognition as one of the. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The U.S. Securities and Exchange Commission (SEC) on Monday said more than two dozen investment advisers and broker-dealers agreed to settle charges that they failed to file a key form designed to . S&P 500WhaleScore The agreement referred in the report is a deal Astra made with Firefly Aerospace. Get the ball rolling in our favor. It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. Camber Energy (NYSE: CEI) has become a bit of a meme stock as of late, a result of Twitter user @MrZackMorris pushing the name to his followers.An oil and gas name whom no doubt has enjoyed the recent excitement in the energy space, the company became the latest target this week of short sellers, with Kerrisdale Capital dropped a report on them Tuesday morning. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Sign-up For example, in Kerrisdales short report on Camber Energy (NYSEMKT:CEI), it estimated that Cambers fully diluted market capitalization was almost three times greater than what the company reported due to its dilutive preferred stock and debt. Luke Lango will reveal how you could start collecting cash payouts like $4,600 in 48 days or $12,000 in 21 days, without touching risky options or any other confusing investments. When researching a company, an investor should try to look far out in the future and estimate whether or not that business will still be relevant. Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. email address below and choose 'Submit'. All rights reserved. Newly empowered retail investors will damage investment firms here and there, sometimes with a big win that drains a firm of millions of dollars. Why Is Arcimoto (FUV) Stock Down 44% Today. Who are the attorneys filing the class action lawsuit against? Kerrisdale doesnt always rent out fancy auditoriums to share its research. Brazil boosts security in capital as riot investigations progress Authorities are seeking to identify anyone who helped fund or organise the storming of government offices in Brasilia. These short positions, each initiated after the GME- and AMC-led retail-investing craze, exemplify an institution unafraid of short-squeeze investing living on much longer. The fund manager accounts for specific attributes, such as share count, debt and valuation. Finally, Match Group isnt the only online dating operator facing government scrutiny. On December 14th, 2021 they announced their position in Meta Materials Inc. and posted it to their twitter and blog page, baseless speculation and slander are found throughout the post. Eddie Pan specializes in institutional investments and insider activity. WHAT IS THIS ABOUT: On December 14, 2021, during market hours, market analyst Kerrisdale Capital published a report entitled "Meta Materials, Inc. (MMAT): A 'Photonics' Company That's an Optical Illusion" which alleges several issues at the Company including: "[d]isappearing segments, misleading product claims, fake medical devices . Compa 2,211 Sq. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Doris did the exact opposite. First reported by The Verge, this deal involves Firefly Aerospace giving Astra access to its IP for the Reaver rocket engine. Throughout the past decade, Kerrisdale hasnt lost its touch for flair. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. They wouldn't file against Camber unless they have massive proof of everything. Since releasing the short report on Astra Space on Dec. 29, ASTR stock has declined by over 60%. The report essentially boils down to this: Astra has big dreams, but they are likely to remain dreams. Edit Lists Featuring This Company Section. Shop onAmazonto support Space Explored Writers. Report avail at https://t.co/Tdwm1bSFni. The Federal Trade Commission sued Match Group in 2019 for what it called "deceptive or unfair practices." The agency alleges it engaged in these practices to attract new subscribers. Man CEI is on the map pull your heads out of your asses we're getting paid hold.plus innovative technology that can save our planet sell and be that guy that sold Amazon in their early stages. Melvin Capital Management, Sophos Capital Management, Orso Partners, Kerrisdale Capital Management, and even Hindenburg Research all appear to be under some form of investigation. For example, Astras financial projections relied on 165 and 300 rocket launches for 2024 and 2025, respectively. Class action lawsuit against Kinnesdale or whoever that coke snorting hedgies guy owns. With the prevalence of online investing communities, interest in stocks has risen to an all-time high in recent years. Article printed from InvestorPlace Media, https://investorplace.com/2021/10/cei-stock-and-4-other-big-names-kerrisdale-capital-has-sold-short/. The thrill of the unexpected should be confined to going on a new date, not investing in the company that helped you find it,said Sahm Adrangi, the hedge funds founder in an interview with Reuters. (1/9), Kerrisdale Capital (@KerrisdaleCap) April 20, 2022. With Starship timing uncertain and SpaceX now a direct competitor, BB1 timing should suffer. Trading volume is unusually high for the stock as well . | All Rights Reserved | Privacy Policy | Terms & Conditions. Copyright or to simply have an email sent to you whenever we receive a new The DCF model relies on discounting future cash flows back to the present value using the weighted average cost of capital (WACC). Today, the fund manages over $550 million. Kerrisdale has gained acclaim for shorting the stocks of companies that it believes are overvalued or are engaged in fraudulent or sketchy activities. is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_3').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_3').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_3').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_3').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_3').val();gformInitSpinner( 3, 'https://dailyalts.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery(document).trigger('gform_page_loaded', [3, current_page]);window['gf_submitting_3'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_3').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_3').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [3]);window['gf_submitting_3'] = false;}, 50);}else{jQuery('#gform_3').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [3, current_page]);} );} ); jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 3) {if(typeof Placeholders != 'undefined'){ The company has made orbit once, but can lightning strike twice for the smallsat launcher? This petition starter stood up and took action. Kerrisdale is active on its Twitter account, which boasts over 69,000 followers. for 2024 and 2025, respectively. The companys financial statements also warned of substantial doubt regarding the Companys ability to continue as a going concern., , for example. Their manifested ignorance and persistent hatred of the . We want to engage our audience and show personality in our research and our firm, Adrangi said in an exclusive interview with, and gave a three-hour-long presentation to investors on why.
2022-11-07