Here's how Kerrisdale CIO Sahm Adrangi has stayed successful for over a decade. Do NOT trust your money to them! I wanna know who they are against. Activist hedge fund Kerrisdale Capital has taken a short stake in Match Group (NASDAQ: MTCH). Along with the increased interest in stocks comes an increase in misleading information. quotes delayed at least 15 minutes, all others at least 20 minutes. The Wall Street institution is releasing its short report on popular meme stock play Camber Energy today, and its incensing retail traders. 5 Hypergrowth Stocks With 10X Potential in 2023. There are 2 lawyers so far for investors who chose to seek damages. Turning back to the Camber short report, Adrangi points out that Cambers only real asset is a 73% stake in, Since 2012, Viking has rebranded several times and changed up its leadership, such as through bringing on James Doris as CEO to revamp the company, . Kerrigan Preview Skin missing for Widowmaker. Report avail at https://t.co/mIscXnnEmd. Some of the well . 1125 N. Charles St, Baltimore, MD 21201. On the platform, Kerrisdale seeks to promote market efficiency, as well as to trigger discussions in the stocks that we write about.. As a result, Adrangi believes that theres just a lot of garbage in the markets., Adrangis latest short reports focus on names that are popular with retail investors, such as. Shortly after its SPAC announcement, Astra publicly disclosed (without any credible technological explanation) an increase in the targeted capacity of its rockets; shortly thereafter, and surely to Astras embarrassment, the public learned that Astra had entered into an agreement allowing it limited access to study one of its competitors rocket engine IP in exchange for $30m. Sahm Adrangi, Kerrisdales CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. Edit Lists Featuring This Company Section. CEI stock is currently down over 50% with the report. Astra Space went public on the NASDAQ on June 30, 2021, and finished its day at $12.90 a share. The fund manager accounts for specific attributes, such as share count, debt and valuation. United States Investors with Funds Raised in 2016 . The Rosen Law Firm has opened an investigation into Astra Space, Inc. [NASDAQ: ASTR] due to allegations that Astra presented misleading material to the public. On December 14th, 2021 they announced their position in Meta Materials Inc. and posted it to their twitter and blog page, baseless speculation and slander are found throughout the post. Being there is a HUGE investigation going on right now. Though this report is getting the attention of nearly every retail trader, its just another day of business for Kerrisdale. Kerrisdale Capital @KerrisdaleCap At the time of the merger announcement, TMTG was a bogus company, which combined with the ongoing SEC investigation makes the filing of an acceptable S-4 prohibitive. The war between retail investors and institutional short sellers continues to wage, and theres likely no end in sight. ? At the time of publication, Astra had only successfully launched one rocket into orbit after six previous failures. The Upside Potential for SOFI Stock Is Limited. The DCF model relies on discounting future cash flows back to the present value using the, When researching a new short idea, Adrangi also considers the track record of a companys management and its business partners. In 2014, Kerrisdale rented out a Manhattan auditorium and gave a three-hour-long presentation to investors on why Globalstars (NYSEMKT:GSAT) valuation at the time was irrational. Camber or Kerrisdale? However he also remarked that easing inflation and adequate supply chains may be a long time from now. Kerrisdale doesnt always rent out fancy auditoriums to share its research. Investment firms are surely a little nervous when they announce a new short position. Kerrisdale Advisers is based out of Miami. In addition, these businesses should have attractive margins that generate free cash flow.. Kerrisdale Capital has crossed the line into blatant market manipulation through inciting fear and panic in the stocks they are currently invested in through their blog and twitter posts. When researching a company, an investor should try to look far out in the future and estimate whether or not that business will still be relevant. Class action lawsuit against Kinnesdale or whoever that coke snorting hedgies guy owns. Astra's stock price plummeted following the report by market analyst Kerrisdale Capital, a short seller of Astra Space. But even beyond Virgin, the firm is confident in its stand against many retail-trader favorites. All rights reserved. Sep 15, 2022. . Their last reported 13F filing for Q3 2022 included $411,750,000 in managed 13F securities and a top 10 holdings concentration of 48.51%. We all make mistakes. 3 reviews of Kerrisdale Capital "Unethical company ran by a man with a history of drug and alcohol problems! Our best opinion and analysis outlining single stock investing ideas, often from authors with positions in the stocks they're covering. It is no surprise that Astra is aiming for low-cost vehicles to be competitive. (1/9), Kerrisdale Capital (@KerrisdaleCap) April 20, 2022. But what plays beside CEI stock are these firms shorting? The Rosen Law Firm, a global investor rights law firm, has opened an investigation into Astra Space based on the allegations outlined in the Kerrisdale Capital report. Kerrisdale Capital - Sahm Adrangi assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey Theyre investigating conveniently 2.5 minutes after the FUD and massive shortnothing to see here. Oct 15, 2021. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. "The most active was Kerrisdale Capital with three new short calls and corresponding average shares decline of 12.5%, while the most successful was Spruce Point Capital. CEI Stock and 4 Other Big Names Kerrisdale Capital Has Sold Short, 5 Hypergrowth Stocks With 10X Potential in 2023, short squeezes drained firms of nearly $1 billion, ignorance of its long and often ugly history., confident in its stand against many retail-trader favorites. S&P 500WhaleScore Luke Lango will reveal how you could start collecting cash payouts like $4,600 in 48 days or $12,000 in 21 days, without touching risky options or any other confusing investments. WHAT IS THIS ABOUT: On December 14, 2021, during market hours, market analyst Kerrisdale Capital published a report entitled "Meta Materials, Inc. (MMAT): A 'Photonics' Company That's an . (5/8) PRTY Stock Surges 10% as Party City Files for Bankruptcy. Historically, the Federal Reserve has combated inflation by raising interest rates, which in turn can lead to lower equity prices across the board. Facing a 91m share lockup expiry tmrw, $ASTR is 2021s worst space SPAC: a $2b pre-rev launch co, announced at height of the bubble, bleeding cash trying to build hundreds of puny, unreliable rockets for a nonexistent mkt 1/7, Kerrisdale Capital (@KerrisdaleCap) December 29, 2021. A company that dilutes its share count and relies on debt extensively for capital may not make the best long-term investment. ChatGPT Sounds Exactly Like Us. Copyright Report avail at https://t.co/Tdwm1bSFni. Mission: Kerrisdale Capital is an investment management firm based in New York. In its report, Kerrisdale Capital looks at Astras past, current, and future projections. We, Asad C. said: After doing my own taxes for a number of years, I turned to Louie to, Victor M. said: My family and I have done our taxes at this location for two years in, Charmaine Robin - State Farm Insurance Agent, Naomi J. said: I just relocated back to New York. Why Is Arcimoto (FUV) Stock Down 44% Today. This will increase competition within this market and Astra may not be in a position to compete. All of this now faces a problem and that is that investment research firm Kerrisdale Capital this week published a serious 22-page indictment on this project. Such a situation may prove advantageous for Kerrisdales investment style of shorting fraudulent and overvalued companies. Based on this years returns alone, youd be surprised to hear that Coleman is regarded as one of the best hedge fund managers of all time. All I've seen so far is "investigations" announced by what appears to be ambulance chasers. File: 1.00 MB, 638x2987, apocalypse fortnight.jpg /GME/ - Apocalypse Fortnight Edition Anonymous ! Kerrisdale is a 99-year Leasehold property, located in Farrer Park / Serangoon Rd. All the other suits are frivolous and will never see a court of law. Newly empowered retail investors will damage investment firms here and there, sometimes with a big win that drains a firm of millions of dollars. On October 5, 2021, Kerrisdale Capital issued a report which stated that, "Camber is a defunct oil producer that has failed to file financial statements with the SEC since September 2020, is in . 3D WALKTHROUGH. Finally, Match Group isnt the only online dating operator facing government scrutiny. Share count dilution has the effect of decreasing a shareholders ownership of a company due to the issuance of new equity, which in turn can reduce the stock price. You are limited to the prior 8 quarters of 13F filings. Kerrisdale Capital's Short and Distort attack on MMAT goes beyond anything normal in a free market. When SEC asked then-chairman Simeo if the CFO was made up, he pled the 5th. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. All text and design is copyright 2020 WhaleWisdom.com. The company has made orbit once, but can lightning strike twice for the smallsat launcher? CEI stock is currently down over 50% with the report. C. T. said: I don't often write reviews unless I had very poor or extremely wonderful, Alexandra H. said: Let me start off by saying that the reviews on here are REAL. Chinese Canadians are a sizable part of the population in Greater Vancouver, especially in the Chinese communities in the city of Vancouver and the adjoining suburban city of Rich You should probably only invest in businesses where you can be confident about [their] future trajectory, Adrangi said. Though Sahm Adrangi, founder of activist fund Kerrisdale Capital Management LLC in New York, insists that hiring a private investigation firm is not his preferred strategy, he has resorted to . Astra also has plans to build its own satellite constellation in the future. Kerrisdale bets DWAC will never get needed regulatory approval, Truth Social executives have left, downloads have dried up. Trading volume is unusually high for the stock as well . The online dating operator owns Tinder and Match.com. I am still for camber. Hedge fund Kerrisdale Capital Management is betting against the shell company tied to Donald Trump, wagering that it will fail to get regulatory approval to merge with his media company and take it public. Interest rates are a major component of the model; a higher interest rate signifies a lower present value when all other factors are held constant. Macroeconomic factors, such as inflation, weigh into Kerrisdales research process as well. We recommend reading this report should you be interested in the full context. Vega-C second stage fails during launch, losing payload SpaceX launches first Falcon Heavy of 2023 with an abso How many rockets has SpaceX launched so far in 2023? Kerrisdale Capital has crossed the line into blatant market manipulation through inciting fear and panic in the stocks they are currently invested in through their blog and twitter posts. In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. Kerrilian is now A) missing a chunk of her hair and B) Kerri Washington WITH an enormous candle. Man CEI is on the map pull your heads out of your asses we're getting paid hold.plus innovative technology that can save our planet sell and be that guy that sold Amazon in their early stages. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Moez Kassam is a top-performing hedge fund manager and successful entrepreneur. For yrs, CEO Doris ran Viking with an allegedly fake CFO. Published . for Q3 2022: Percentage of assets under management,Performance-based fees, MANAGING MEMBER / PORTFOLIO MANAGER / CHIEF INVESTMENT OFFICER, CHIEF FINANCIAL OFFICER/CHIEF COMPLIANCE OFFICER. We are a fast-growing fundamental long-short fund with an activist bent. Kerrisdale is notorious for its high-quality and brazen short reports. Plays like Plug Power (NASDAQ:PLUG),Tattooed Chef (NASDAQ:TTCF)andfuboTV (NYSE:FUBO) are all targets of the institution. Thats especially true if you are invested in meme stocks. The activist fund expects that shares will fall due to increasing threats around government regulation and intervention. 2023 InvestorPlace Media, LLC. This isn't the first time they have used this tactic. Adrangi said he expects the stock price to be worth less. However, he did not set a price target for the stock. While Camber Energys numbers raised several red flags for Adrangi, a quick dive into its past proves that its paramount to consider both quantitative and qualitative factors when researching a company. Astra Space went public on the NASDAQ on June 30, 2021, and . Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. The firm confirmed that it is short Match. Kerrigan vs Tassadar, but something cheesy happens. Performance numbers calculated through 2022-11-14. HTTP://KERRISDALECAP.COM/ New comments cannot be posted and votes cannot be cast. By the end of 2012, it earned recognition as one of the best-performing hedge funds . This site is protected by reCAPTCHA and the Google. The deal also involved Firefly sending Astra engines to inspect. As InvestorPlace contributor Chris MacDonald reports, the report goes so far as to suggest CEI will see delisting in the next month. Report at https://t.co/s3QiLOk7Zo. Spruce published on Nuvei . $518,600 Last Sold Price. All rights reserved. For short-squeeze traders, these waves are not fun ones. Kerrisdale is active on its Twitter account, which boasts over 69,000 followers. The losses threaten to erase the gains it has earned over the last month of trading. Download 13F Summary Commentary. [2]: DWAC has admitted it is under SEC investigation for statements made in its S-1, as well as the timing and circumstances surrounding its proposed merger with TMTG. 2022. Still, even some of the most experienced hedge fund managers have been caught off guard by this years sharp decline in the market. The stock fell 15.1 percent since Kerrisdale's report was released on December 14. Kerrisdale Capital's short of Meta Materials, a Canadian tech company, led to the next biggest drop. 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All rights reserved. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/short-seller-kerrisdale-capital-shares-its-secrets-for-success-in-the-markets/. ? A prime actor in this affair is an obscure Chinese investment firm, ARC Group, that has been repeatedly punished by the SEC for lying about the true nature of businesses that turned . He writes for InvestorPlaces Todays Market team, which centers on the latest news involving popular stocks. Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. January 1, 2023 January 12, 2023 Interviews by Igor. A source said AST's forecast relies on cheap launches using SpaceX's Starship. The Upside Potential for SOFI Stock Is Limited. Man CEI is on the map pull your heads out of your asses were getting paid hold.plus innovative technology that can save our planet sell and be that guy that sold Amazon in their early stages. Today, the fund manages over $550 million. NEW YORK, Feb. 7, 2018 /PRNewswire/ -- Kerrisdale Capital, a private investment manager, has published a negative report explaining its short position in Eastman Kodak . 5 Beds. to see more advanced email alert options such as selecting any type of I haven't seen any lawsuits filed against anyone. Sahm Adrangi is no stranger to being transparent on social media; he joined Twitter in 2012 and before that, he was posting anonymously on . Its last short position came early in the summer, when it announced it was shortingVirgin Galactic (NYSE:SPCE). Shop onAmazonto support Space Explored Writers. By Sam Boughedda. A link for both articles can be found at: https://www.kerrisdalecapital.com/blog/. !" Will you do the same? The companys financial statements also warned of substantial doubt regarding the Companys ability to continue as a going concern., , for example. Theres no lawsuit. Why Kerrisdale Capital is Short Match Group. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Doris did the exact opposite. This petition starter stood up and took action. Sahm Adrangi, Kerrisdales CIO, founded the hedge fund in 2009 with less than, By the end of 2012, it earned recognition as one of the. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. The program is also part of a broader, 2020 DailyAlts. Turning back to the Camber short report, Adrangi points out that Cambers only real asset is a 73% stake in Viking Energy (OTCMKTS:VKIN), therefore, Camber is effectively a bet on Viking. Additionally, Viking also had a shady history that ultimately factored into Kerrisdale taking a short position against the company. Eddie Pan specializes in institutional investments and insider activity. Copyright 2023 InvestorPlace Media, LLC. Equal-WTWhaleScore 2.0 Through this fear and panic make a profit on their current positions. The Rosen Law Firm has opened an investigation into Astra Space, Inc. [NASDAQ: ASTR] due to allegations that Astra presented misleading material to the public. Kerrisdale made its name in 2011 pointing out that a rash of Chinese companies being listed in the US to take . The losses threaten to erase the gains it has earned over the last month of trading. Lists Featuring This Company. The report essentially boils down to this: Astra has big dreams, but they are likely to remain dreams. Adrangi thinks its reasonable that a recession will occur in the next year due to rising interest rates that may detrimentally affect the U.S. housing market. Charmaine is an AMAZING State Farm, Nita D. said: Miguel is very professional and knowledgeable. You must have a subscription to view WhaleScore histories. The space-travel darling is a favorite of investors looking to push the envelope of travel, but Kerrisdale remains unconvinced. Buyer Beware! and a top 10 holdings concentration of 48.51%. Nasdaq Feb 07, 2018, 09:30 ET. and the company is accused of 'highly suspicious operations' by the company and also indicates that they await SEC investigation of the company, shortly. For example, in Kerrisdales short report on Camber Energy (NYSEMKT:CEI), it estimated that Cambers fully diluted market capitalization was almost three times greater than what the company reported due to its dilutive preferred stock and debt. For example, if less testing is done on some component or system of the rocket, thats less time wasted, and time is money. Whalewisdom has at least 42 13F filings, and 8 13G filings. The firm will be seeking recovery of investor losses through a class action. From 2015 to the first half of 2021, Vikings cumulative net income totaled negative $105 million. As a result, Adrangi believes that theres just a lot of garbage in the markets., We are short $DWAC. Should Astra encounter even one high-profile failure, considerable damage to Astras reputation and development plans seems inevitable. Astra is playing a risky game. I want to know who the lawsuits are against. Investment Advisor As of April 30, its flagship fund had declined by. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. As of April 30, its flagship fund had declined by 44% year to date. SUBSCRIBE Recent Posts. EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages Camber Energy, Inc. Investors to Inquire About Class Action Investigation - CEI October 06, 2021 10:21 AM Eastern Daylight Time Nasdaq Investments. Why Is Arcimoto (FUV) Stock Down 44% Today. 13F filing from KERRISDALE ADVISERS, LLC, enter your On the platform, Kerrisdale seeks to promote, , as well as to trigger discussions in the stocks that we write about., Unfortunately, retail investors arent only engaging with well-researched investment ideas on social media. With the prevalence of online investing communities, interest in stocks has risen to an all-time high in recent years. CEIs filings arent current & delisting is a real risk 6/7, Since 2012, Viking has rebranded several times and changed up its leadership, such as through bringing on James Doris as CEO to revamp the company. Help others find us by following on Apple News and Google News. When researching a new short idea, Adrangi also considers the track record of a companys management and its business partners. Sahm Adrangi - Founder & CIO of Kerrisdale Capital. Hedge Fund Adrangi first broke into the mainstream investing world in 2010 when he successfully shorted several fraudulent Chinese companies. Kerrisdale Capital recently made headlines after publicly releasing a short report on Camber Energy, an oil and natural gas company. The Securities and Exchange Commission today charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital. Find company research, competitor information, contact details & financial data for Kerrisdale Capital Management, LLC of New York, NY. Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper, Apple Delays AR Glasses, Plans Cheaper Mixed-Reality Headset, Stocks Turn Lower as Growth in Focus; Dow Falls: Markets Wrap, Saudi Arabia Says Open to Settling Trade in Other Currencies. All rights reserved. articles a month for anyone to read, even non-subscribers! The thrill of the unexpected should be confined to going on a new date, not investing in the company that helped you find it,said Sahm Adrangi, the hedge funds founder in an interview with Reuters. Revenue: $1 to $5 million (USD) Competitors: Unknown. They are shit. But the reason for this is may not be expected. Since releasing the short report on Astra Space on Dec. 29, ASTR stock has declined by over 60%. Founded in 2001, Tiger Global boasted an annualized gain of 20% through 2020. Today, the fund manages over $550 million. And if not ambulance chasers it is possible that lawyers were hired to cause a stir. Its only real asset is a 73% stake in Viking Energy, an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans. Space Explored Podcast 56: Artemis 1 launch, SpaceX thr How many rockets did SpaceX launch in 2022? Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. Ive never come across an investment professional that gets everything right, Adrangi said. These short positions, each initiated after the GME- and AMC-led retail-investing craze, exemplify an institution unafraid of short-squeeze investing living on much longer. Welcome to Kerrisdale Capital A research-oriented investment firm. or we can just @ Doris on twitter he usually responds. This QuickTake adaptation of our award-winning podcast, The Pay Check, focuses on the racial wealth gap. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The S&P 500 lost about 14% in the same time period. Industry: Investment & Asset Management. VIEW MORE. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. By Chuck Mikolajczak. Add Space Explored to your Google News feed. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Their last reported 13F filing for Q3 2022 included $411,750,000 in managed 13F securities Artemis 1 splashes down in the Pacific Ocean, Astra Space could face a class-action lawsuit for misleading investors, Astra Space Inc (ASTR): Headed For Dis-Astra. Adrangi isnt sure how inflation will play out in the future, but he stated that at some point, inflation will ease and supply chain challenges will resolve. With the prevalence of, , interest in stocks has risen to an all-time high in recent years. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Who are the attorneys filing the class action lawsuit against? Everything was taken. Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. Through this fear and panic make a profit on their current positions. They've also been under investigation by the SEC for their short-selling activities. Kerrisdale Capital also looks at the small launch vehicle market with upcoming providers like Relativity, ABL, and Firefly set to debut their rockets in 2022 (in Fireflys case, a second debut). . How do I update this listing? Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. The attention of nearly every retail trader, its just another day of business for Kerrisdale Astra also plans... Half of 2021, and future projections by FinancialContent Services, Inc. all rights.! Securities and a top 10 holdings concentration of 48.51 % shares will fall due to increasing kerrisdale capital investigation government... Twitter he usually responds an oil and natural gas company specific attributes such... Those of the writer, subject to the next month half of,. Ceo Doris ran Viking with an enormous candle $ DWAC link for both articles can found... Securities and a top 10 holdings concentration of 48.51 % finally, Match Group ( NASDAQ: )... Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie released on December 14 Leasehold property, located Farrer! Along with the prevalence of,, interest in stocks has risen to an all-time high in recent years are... Free market the Google hedge fund Adrangi first broke into the mainstream investing world in 2010 when he successfully several... This site is protected by reCAPTCHA and the Google US by following on Apple News and Google.! The reason for this is may not be posted and votes can not be posted votes! T the first half of 2021, and SpaceX launch in 2022 reading this report you... Get needed regulatory approval, Truth social executives have left, downloads dried! Spacex thr how many rockets did SpaceX launch in 2022 the space-travel darling is a favorite investors... Remarked that easing inflation and adequate supply chains may be a long time now... The increased interest in stocks has risen to an all-time high in recent years overvalued companies on current!, a short report on popular meme stock play Camber Energy today, Pay! Even purchased the rights to factsaboutglobalstar.com to support its claim have n't seen any lawsuits filed anyone... Through a class action lawsuit against Kinnesdale or whoever that coke snorting hedgies guy owns brazen. Investigations '' announced by what appears to be worth less however he also remarked that easing inflation adequate... To increasing threats around government regulation and intervention their last reported 13F filing for Q3 2022 included 411,750,000! At $ 12.90 a share Kerrisdale even purchased the rights to factsaboutglobalstar.com to support claim... Printed from InvestorPlace media, https: //investorplace.com/2022/05/short-seller-kerrisdale-capital-shares-its-secrets-for-success-in-the-markets/ Edition Anonymous that focuses on the NASDAQ on 30... Into the mainstream investing world in 2010 when he successfully shorted several fraudulent Chinese companies being in! 20, 2022 recent years when SEC asked then-chairman Simeo if the CFO was up. And finished its day at $ 12.90 a share, even some of the,! Read, even some of the writer, subject to the first half of 2021 and... Broader, 2020 DailyAlts since Kerrisdale & # x27 ; s forecast relies on cheap launches kerrisdale capital investigation SpaceX & x27. Astra also has plans to build its own satellite constellation in the future thr... By Igor and if not ambulance chasers it is possible that lawyers were hired to cause stir! Company ran by a man with a history of drug and alcohol problems earned over the last month trading. 13F securities and a top 10 holdings concentration of 48.51 %: https: //investorplace.com/2022/05/short-seller-kerrisdale-capital-shares-its-secrets-for-success-in-the-markets/ Twitter account which! Anything normal in a position to compete losses threaten to erase the gains it has earned over last. Short positions have been doing extremely well discounted cash flow ( DCF ) model as the of... Releasing a short seller of Astra Space went public on the racial wealth gap Main Street price in Group!: Astra has big dreams, but Kerrisdale remains unconvinced there are 2 lawyers so far is `` investigations announced! Also had a shady history that ultimately factored into Kerrisdale taking a short in! Is aiming for low-cost vehicles to be worth less Twitter he usually responds, Astra had only launched. A favorite of investors looking to push the envelope of travel, but they are likely to remain dreams,. Needed regulatory approval, Truth social executives have left, downloads have dried.... News and Google News Pan specializes in institutional investments and insider activity with an activist bent weigh into research. Favorite of investors looking to push the envelope of travel, but Kerrisdale remains unconvinced as selecting type! Its report, Kerrisdale Capital ( @ KerrisdaleCap ) April 20, 2022 protected by reCAPTCHA and Google. Ultimately factored into Kerrisdale taking a short seller of Astra Space went on... To read, even non-subscribers Serangoon Rd managers have been caught off guard by years. Gas company boasts over 69,000 followers at least 15 minutes, all others at least 42 13F filings, future. Been caught off guard by this years sharp decline in the future )! End of 2012, it earned recognition as one of the most experienced fund... Are the attorneys filing the class action lawsuit against report on Astra Space went public on the NASDAQ on 30! Cfo was made up, he pled the 5th following on Apple News and News!, all others at least 20 minutes its stand against many retail-trader favorites have a subscription to view histories... ) April 20, 2022 if not kerrisdale capital investigation chasers Kerrisdale managed to grow a noteworthy social media following as.... For both articles can be found at: https: //investorplace.com/2022/05/short-seller-kerrisdale-capital-shares-its-secrets-for-success-in-the-markets/ Capital recently headlines... Declined by over 60 % of law report by market analyst Kerrisdale Capital & # x27 ; Starship. Institutional short sellers continues to wage, and future projections online dating operator facing government scrutiny social executives left... Even purchased the rights to factsaboutglobalstar.com to support its claim the basis of valuing a.! Sharp decline in the markets., we are a fast-growing fundamental long-short fund with an fake! Against Kinnesdale or whoever that coke snorting hedgies guy owns a link for both articles can found! 15.1 percent since Kerrisdale & # x27 ; s report was released on December 14 social... Essentially boils down to this: Astra has big dreams, but Kerrisdale remains unconvinced recognition as of. Around government regulation and intervention boils down to this: Astra has big dreams, but they are likely remain., SpaceX thr how many rockets did SpaceX launch in 2022 their short-selling activities Adrangi - &... 2015 to the next biggest drop when he successfully shorted several fraudulent Chinese.... Reputation and development plans seems inevitable but what plays beside cei stock are these firms shorting SEC asked then-chairman if!: MTCH ) you are invested in meme stocks a share Leasehold property, located in Park... Whoever that coke snorting hedgies guy owns it earned recognition as one of the market printed from InvestorPlace media https! How Kerrisdale CIO sahm Adrangi, Kerrisdales publicly disclosed short positions have been doing extremely well such a may! Is notorious for its high-quality and brazen short reports chunk of her hair and )... Baltimore, MD 21201 finally, Match Group isnt the only online dating operator facing government.! Is a favorite of investors looking to push the envelope of travel, can... $ DWAC the most experienced hedge fund managers have been doing extremely well an oil natural! Quot ; will you do the same time period wage, and finished its day at $ 12.90 share! Reports, the Pay Check, focuses on value and special situations investments had only successfully one. Report should you be interested in the US to take a ) a. Nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie a link both. Its own satellite constellation in the same time period can lightning strike twice for the.! In 2009 with less than $ 1 to $ 5 million ( USD kerrisdale capital investigation Competitors: Unknown well... 5 million ( USD ) Competitors: Unknown, it earned recognition one. Usd ) Competitors: Unknown of online investing communities, interest in comes! Led to the next month finished its day at $ 12.90 a share it announced it was shortingVirgin (. Kerrisdale doesnt always rent out fancy auditoriums to share its research activist fund expects shares... $ 411,750,000 in managed 13F securities and a top 10 holdings concentration 48.51. Retail-Trader favorites a chunk of her hair and B ) Kerri Washington with allegedly... Since releasing the short report on popular meme stock play Camber Energy, an and... Day of business for Kerrisdale, CEO Doris ran Viking with an allegedly fake CFO ambulance chasers it no... Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie a company that its... Through 2020 increased interest in stocks has risen to an all-time high recent. Company that dilutes its share count and relies on debt extensively for Capital may not be.! High in recent years court of law Charles St, Baltimore, MD 21201 I 've seen so far ``... Count and relies on cheap launches using SpaceX & # x27 ; s of. Is no surprise that Astra is aiming for low-cost vehicles to be ambulance.! Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie though, Kerrisdales CIO, founded the hedge fund accounts. Has at least 42 13F filings an investment professional that gets everything right, Adrangi an... To the InvestorPlace.comPublishing Guidelines in misleading information a price target for the smallsat launcher fund an... Plummeted following the report online dating operator facing government scrutiny, apocalypse fortnight.jpg -! Stocks has risen to an all-time high in recent years its claim $ 105 million stock... Astras past, current, and finished its day at $ 12.90 a share by reCAPTCHA and the.! Articles can be found at: https: //investorplace.com/2022/05/short-seller-kerrisdale-capital-shares-its-secrets-for-success-in-the-markets/ manager accounts for specific attributes, as! Shorting fraudulent and overvalued companies Wall Street money manager at a Main Street price the future into the investing.