Kerrisdale Capital Management is a privately owned investment company which recently gave negative reports about St. Joe Company. St Joe is a real Estate organization based in Florida. St. Joe Company has had plans to help both businesses and retirees by transforming the land which is located near the Panama City Beach. According to report, the development firm will not be able to develop the land using their current $1 billion valuations. The land that the real estate company wants to develop is located in a remote, swampy, and bare area. Kerrisdale Capital said that the real estate firm is just doing assumptions. St. Joe Company says that 400k square meters are sold out for commercial development while 2700 square meters are sold for the residential construction. The sales are made every year and will continue for fifty years.
The reality is that the development and real estate group has been making very little progress, and records show that the firm has fewer activities in permit fillings, as well as on the construction inquiries and other advancements. According to Sahm Adrangi, St Joe Company’s interior lands are no more viable like they were over a decade ago, and investors who have been waiting for the organization’s progress will have to wait even longer. The Florida based Real Estate firm’s struggle is not ending in the near future. Fairholme Funds is the largest investor in St. Joe Company, and with the new rules enacted by the Stock Exchange Commission, St. Joe is working towards meeting their shareholders’ requirements.
Sahm Adrangi is the founder and the Chief Investment Officer of Kerrisdale Capital Management which was created in 2005. Mr. Sahm Adrangi is not only a successful business person, a hedge fund expert but he is also a publisher of short studies. Through Kerrisdale Capital Website Mr. Adrangi has been writing his research. Before the establishment of Kerrisdale Capital Management in 2009, Sahm Adrangi worked for Longacre Fund Management LLC. Sahm has been in the forefront of correcting the misunderstanding about stocks. His research has been featured on New York Times as well as Wall Street Journal. After his High school graduation, he joined the prestigious Yale University for his Bachelors of Arts in Economics degree.