The Chainsmokers represent a unique band because the pair of DJs lends their own voices to their recent hit song, “Closer” which also featured Halsey. The idea of members of a band singing their own song is not revolutionary until you consider the role that most DJs have in creating music. Contemporary DJs have been confined to creating electronic motifs and left the vocal portion of songs to vocalists and songwriters. Alex Pall and Andrew Taggart, the two artists behind The Chainsmokers, want to do more than just spin records behind a DJ booth but be truly recognized as artists equal to any other band out there. Alex Pall talked with interviewmagazine.com to discuss the past, new music, and their plans for change in the future.
Pall revealed that DJing had always been a hobby of his even as a kid. He quit his job at an art gallery to pursue a career that he was really passionate about and that was consuming his life. His current manager introduced him to Drew (Andrew) and then something just clicked. Then the rest is history. Taggart reminisced about enjoying electronic music in college and pursuing DJing even from before dance music gained popularity. He dabbled in playing shows in New York City, put a couple songs on SoundCloud and kept being encouraged to pursue his passion. Then he was put in contact with Pall’s manager about replacing a member of a DJ duo who was leaving. That duo was called the Chainsmokers and “It was love at first sight”.
The duo works together well because of their drive and ambition. They both have similar core values and push each other to become better artists. For Pall and Taggart, their jobs are more than just commitment but something that they want people to be able to relate to. For Taggart being relatable means pushing the boundaries of genres and remaining unique. Their songs are their own and do not necessarily fit within one genre of music. The Chainsmokers promise to continue to be “on the forefront of pushing new boundaries and giving people new experiences” and their music remains unique for that very reason.
Sahm Adrangi and Kerrisdale Capital claim that St. Joe Company (NYSE: JOE) is stuck in the swamp according to its recent report. St. Joe is a real estate development organization that has its central office near Panama City Beach on Florida. The company is valued at $1 billion which Adrangi claims it is too high of a valuation. Kerrisdale capital came up with a 28-page comprehensive report about St. Joe. In the report, Adrangi argues that the company is real value is 40% less the current stated amount. He gave many reasons behind his significantly low value of St. Joe stating that the company has overvalued land holdings. Moreover, Adrangi claims that the company has issues with its largest shareholder as well as stalled commercial development in the location.
St. Joe’s main agenda was to develop a planned ideal place for commercial business including a place for retirees in the Panama City Beach area. The company used a lot of money to purchase a big piece of land and has started developing and monetizing its beach properties. However, there are some of the places on the piece of land that has remained isolated with nothing going on and are not anywhere close to the beach.
According to the report that Sahm Adrangi produced, it shows that there has been minimal progress on the project since it began in the last ten years. He claims that the project that St. Joe had planned is highly publicized and the efforts required to change the organization into its current value are entirely unrealistic.
In addition to this, Sahm Adrangi believes that the company is overvalued because its major shareholder, the Fairholme Fund might have to liquidate some of its shares of the company based on the new SEC rules. According to Adrangi, only few trading days remaining in 2018 and those will not allow Fairholme to sell its shares without affecting St. Joe share price.
There has not been much commercial development around the area of St. Joe and the few brick and mortar stores around are shutting down at a high rate. Sahm Adrangi is the Founder and CIO of Kerrisdale capital.