Sahm Adrangi Blows the Whistle on St. Joe Company

Even though many companies ignore the efforts of whistleblowers, they perform an essential role in different sectors. They often alert the country to abuse in institutions and financial fraud among others. As such, many clients and companies have evaded the possibilities of investing in fraudulent businesses thanks to the presence of different whistleblowers in various sectors. Maybe a good example of one such individual is Sahm Adrangi since he has accomplished so much during the few years he has worked at Kerrisdale Capital Management.

Background

Sahm Adrangi founded Kerrisdale Capital Management in 2009. He has since served as the head of the company and has been part of its development especially in regards to formulating effective policies for clients. For Adrangi, founding this company was important for protecting clients from fraudulent business professionals. Another agenda of establishing this company was alerting clients of the risks involved in investing in individual companies. Notably, he blew the whistle on some Chinese companies including China-Biotics and Lihua International.

The Negated Report

Recently, Sahm Adrangi issued a report on St. Joe Company. Prospective investors have been shaking their heads in regards to this report as it was accurate. Being a land development firm based in Florida, and the second largest, in this case, St. Joe has developed a lucrative investment portfolio that seems attractive to many investors. Nevertheless, transparency is still a question since clients cannot bet on putting their money into this docket.

Adrangi’s Sentiments

According to Adrangi, St. Joe Company is making assumptions based on invaluable statistics previously collected from different business units. Their dreams to transition a large piece of desolate land into a beautiful living area for business entrepreneurs and retirees seem obsolete. Besides, the plan would only come to pass after 50 years of working on getting the right resources and implementing the idea.

Conclusion

From Adrangi’s perspective, this is not a sound investment since there have been minimal activities in the business. Also, it is rather strange that clients are investing in a project that bears no future at the moment. Adrangi is convinced that the project is quite involving.

https://www.businessinsider.com/meet-hedge-funder-sahm-adrangi-2013-10