Investment

Sahm Adrangi Takes on QuinStreet

Sahm Adrangi and Kerrisdale Capital have released findings on several different companies before, some of the most recent include Eastman Kodak and a handful of pharmaceutical companies. While most investors decide to put money into companies that they believe will succeed, Sahm Adrangi takes things a different way. He engages in what is known as shorting a company, which banks on the fact that the company in question will fail or that their stock will at least drop a considerable amount.

In April, Sahm Adrangi and Kerrisdale Capital released another report on a company that Kerrisdale Capital suspects are a sham. This time it is the internet marketing company QuinStreet Inc. whose stocks have risen dramatically in recent months. In fact, the price has quadrupled from just a few months ago and there is no real evidence that the company has done anything to deserve the faith and money of its investors. Over the last few months, the internet traffic for QuinStreet has increased dramatically, which is why investors have been putting their money into QuinStreet.

Unfortunately, according to Kerrisdale Capital’s negative report on the company, the traffic may not be legitimate whatsoever. Sahm Adrangi believes that this traffic is all computer-generated and phony that is being used to fraudulently make revenue for the company. This generated revenue comes at the cost of the clients of QuinStreet. QuinStreet earns revenue by generating traffic to the websites of their affiliates through the submission of user forms and clicks on links. By generating fake clicks and form submissions, QuinStreet appears to be more profitable and effective than they actually are. What makes QuinStreet’s activity look even more suspicious is the fact that almost all of the revenue that they have received has only come from one client. This fact appears to have been overlooked by the investors who jumped on board to the company when their stock prices started to rise.

Sahm Adrangi is the Chief Investment Officer of Kerrisdale Capital Management. The firm was launched in 2009 Adrangi. They specialize in long investments and special situations.

https://www.cnbc.com/2016/05/05/short-seller-kerrisdale-to-target-dish-network.html

Louis Chenevert: Remembering the Past at United Technologies Corporation

It’s important to ask elders about what they used to do. Learning from the older generation can be a great benefit to younger professionals. That doesn’t mean every single elderly person is wise and knows what they’re talking about. It just means some of them have invaluable information that students can’t learn from a book.

One of those older professionals is Louis Chenevert, former Chairman, CEO, and President of United Technologies Corporation. United Technologies Corporation is a technology company that wanted to develop groundbreaking products before a 30-year cycle ended. Based on Chenevert’s testimony, that’s exactly what they accomplished.

Even though he retired from United Technologies Corporation in 2014, everyone still talks to him about his time there. Before joining United Technologies Corporation, he worked at Pratt & Whitney and General Motors, which he didn’t like at first.

His first job was at General Motors, and he learned how to put up with a lot of negativity when he first started working there. As time passed, he worked his way up the corporate ladder and earned the Production General Manager position before moving on to Pratt in 1993. He began President of Pratt & Whitney in 1999 but left in 2006.

After that, he started working at United Technologies Corporation and quickly rose up their corporate ladder. Within the next two years, he was named President and CEO of United Technologies Corporation. Two years after that, he was named Chairman of the company.

One of the most requested answers he gives to interviewers is about how the company used to bring their products to life. When he worked for United Technologies Corporation, they had a bunch of small teams being lead by one leadership team. That system produced some of their most recognizable products.

The second question it always gets involves his habits. He’s an entrepreneur, so he has all the same habits and natural gifts that all entrepreneurs have; mostly, he’s passionate and results-oriented.

http://releasefact.com/2017/09/louis-chenevert-a-pioneer-in-the-aerospace-industry/