According To CNBC, Sahm Adrangi's Kerrisdale Capital Just Dissed The Eastman Kodak Company

Sahm Adrangi's Kerrisdale Capital, a private investment manager, has published a negative report explaining its short position in the Eastman Kodak Company. The language used in the report was quite damning. Here is what we know.

Who Is Sahm Adrangi?

Sahm Adrangi / Via businessinsider.com

Sahm Adrangi is the Founder and Chief Investment Officer of Kerrisdale Capital Management which was launched in 2009. According to CNBC his company just issued a negative report about the Eastman Kodak Company. EKC is a commercial printing and imaging company who saw a massive spike in their stock of 187% since announcing a partnership to launch a blockchain-enabled image licensing platform and photo-centric cryptocurrency. However, Sahm believes this is all smoke and mirrors.

How The Report Will Affect Kodak

Kodak / Via kodak-imaging.weebly.com

The report was not flattering to say the least. Kerrisdale and Chief Investor Officer Sahm Adrangi believe that KODAKOne and KODAKCoin are "critically flawed" and will never be able to supply material benefit for Kodak shareholders. They attribute the rise in shares to unjustified hype. Given the recent market volitility, this could be bad for Kodak. Especially if the claims made by the report come to fruition. If that happens, this would benefit Sahmn and Kerrisdale, as they own a short position in EKC. That means they stand to gain should the price of Kodak fall.