Sahm Adrangi and St. Joe Company

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.

https://www.crunchbase.com/person/sahm-adrangi

Shervin Pishevar: Twitter Rant That Everyone Needs To Know About

Shervin Pishevar is the kind of person who is not afraid to say what he thinks, particularly when he is on Twitter. He always tries to give people something to talk about and think about. He tends to tweet about economic topics, so you might think that he would not have a lot that would be all that interesting to read about, but that is actually not the case at all. He does frequently tweet about things that are of interest to a lot of the public. Shervin Pishevar just went on a twenty-one hour long tweet storm in which he told his followers so many of his thoughts about the economy.

The main points that Shervin Pishevar wanted to get across to people are that the stock market and things like Bitcoin are too highly valued at the moment, and that he believes that most people would be best served to avoid these types of investments and instead go with something more practical. For the time being he believes that the more practical solution is to invest in things that are more defensive by nature.

Shervin Pishevar has made a lot of money for himself by investing in Uber in the early days of the company. He believed that it was something that could have the potential to have a lot of growth in its future. He thought that the best way to make some money for himself in the process was to invest in that vision.

At the present time, Shervin Pishevar is sharing his wealth of knowledge with those on Twitter who are willing to hear him out. He wants them to know that he has their best interests at heart when he tries to tell them what he sees happening in the economy going forward. Right now his outlook is not too bright. You might want to listen to what Shervin Pishevar has to say if you think that he has been right about things in the past and might be in the future as well. He just might have the advice that you need to do better in the markets than you were ever able to in the past.

https://innovators.berkeley.edu/article/fireside-chat-uber-vc-shervin-pishevar-98