Kodak is Doomed According to Sahm Adrangi

Published on Author Androidita

Kodak Eastman Company has faced a lot of problems in the last few years financially and it appears to be getting worse for them after Sahm Adrangi came out publically with his negative report on the company. Sahm Adrangi and Kerrisdale Capital Management’s report came after extensive research that involved experts like a former legal advisor for the Securities and Exchange Commission of the United States. Kerrisdale Capital Management has made headlines along with their Chief Investment Officer and founder Sahm Adrangi for their published research and their short sale attacks on suspicious companies.

Kerrisdale and Sahm Adrangi have achieved a lot of success with their predictions in recent years and the investing world seems to be listening. Their most recent report on Kodak came after Kodak Eastman went public with their plans to create a new type of cryptocurrency and platform for image licensing known respectively as KodakCoin and KodakOne. While these products are being hyped up to investors, even people inside of the company don’t think that it is going to have the miraculous effects on their bottom line like they are insisting.

There are many reasons for Sahm Adrangi’s suspicions of the company from fraudulent behavior to technical issues that will make the systems unworkable. One of the most simple problems with KodakCoin is that photographers just will not have any interest in getting paid with digital currency instead of tangible legal tender. According to Sahm Adrangi, KodakCoin is going to flop and is simply an attempt to cash in on the trend of cryptocurrency that has been taking the nation and globe by storm. For Kodak’s licensing platform, the outlook is just as grim. With the opinion that the system is just “silly” and not practical, he does not think that their promises will be able to be kept with the blockchain technology they are implementing. In theory, KodakOne will not only detect the unlicensed use of protected images, it will collect revenue for the artists.

With Sahm Afrangi’s history of correct stock predictions, his decision to short sale the company does not look good for Kodak.