kerrisdale capital investigation
Thats especially true if you are invested in meme stocks. So, if you want to succeed like Kerrisdale, open your spreadsheets and get those DCF models running. It results in capital gain . But what plays beside CEI stock are these firms shorting? As of April 30, its flagship fund had declined by 44% year to date. 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. 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 . Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. In the meantime, Kerrisdale Capital has published a report entitled Astra Space Inc (ASTR): Headed For Dis-Astra, which looks into Astras claims and market predictions. NEW YORK, Feb. 7, 2018 /PRNewswire/ -- Kerrisdale Capital, a private investment manager, has published a negative report explaining its short position in Eastman Kodak . 1125 N. Charles St, Baltimore, MD 21201. This is applicable for both long and short positions. Sometimes it's just a fight for the good things. Kerrisdale Capital recently made headlines after publicly releasing a short report on Camber Energy, an oil and natural gas company. Following its first successful launch to orbit, the company announced its first launch from Florida. Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. I am still for camber. 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 MULN Stock Alert: Does Mullen Have 3,000 Preorders For Its FIVE EV? 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. Editors note: This article was updated on May 24 to correct Kerrisdales assets under management figure. 2022. ? 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. View Last Form Adv Compilation Report on Record, HTTPS://WWW.LINKEDIN.COM/COMPANY/KERRISDALE-CAPITAL-MANAGEMENT-LLC/, HTTPS://WWW.HVST.COM/ORGANIZATION/KERRISDALE-CAPITAL, HTTPS://SEEKINGALPHA.COM/AUTHOR/KERRISDALE-CAPITAL-MANAGEMENT. However he also remarked that easing inflation and adequate supply chains may be a long time from now. Here's how Kerrisdale CIO Sahm Adrangi has stayed successful for over a decade. From Kerrisdale Capitals standpoint, Astra faces massive obstacles to becoming a viable business and has nonsense launch projections. 5 Beds. Copyright 2023 InvestorPlace Media, LLC. Performance Kerrisdale is a 99-year Leasehold property, located in Farrer Park / Serangoon Rd. 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. Shares of Digital World Acquisition Corp., a special-purpose acquisition company, have more room to fall, according to a report Wednesday from Kerrisdale announcing its short position. Doris did the exact opposite. Kerrisdale is active on its Twitter account, which boasts over 69,000 followers. ChatGPT Sounds Exactly Like Us. Louis Navellier and the InvestorPlace Research Staff. Published . Sign-up When SEC asked then-chairman Simeo if the CFO was made up, he pled the 5th. The DCF model relies on discounting future cash flows back to the present value using the weighted average cost of capital (WACC). Ultimately, these are entities that spit out cash flow and youre paying a certain price for them, and it depends what those cash flows are. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/10/cei-stock-and-4-other-big-names-kerrisdale-capital-has-sold-short/. Copyright If you are a Camber investor and would like to learn more about our investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. United States Investors with Funds Raised in 2016 . Due to this the stock lost 50% of its value making investors lose an incomprehensible amount of money. }} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} ); jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [3, 1]) } ); Invesco has introduced a new ETF, the Invesco Global High Yield Corporate Bond ESG UCITS ETF, that aims to tap into the growing demand for both high yield and ESG-focused. 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. 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 . Company updates, market commentary, case studies and other topics we consider worth . "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. Kerrisdale also stated that Cambers share count had increased 50 million fold from early 2016 to July 2021. For yrs, CEO Doris ran Viking with an allegedly fake CFO. . Kerrisdale Advisers is a hedge fund with 4 clients and discretionary assets under management (AUM) of $1,147,424,779 (Form ADV from 2022-05-02). Charmaine is an AMAZING State Farm, Nita D. said: Miguel is very professional and knowledgeable. (For a time, it also had a fake CFO - long story.). I am confused. Spruce published on Nuvei . Bill Ackman, one of the most highly regarded names in the hedge fund industry, often used the same auditorium to share his investment ideas. 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. A crash, some coke and now this hedge-funder's driver's license is on ice. All rights reserved. On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. Performance numbers calculated through 2022-11-14. quotes delayed at least 15 minutes, all others at least 20 minutes. The Federal Trade Commission sued Match Group in 2019 for what it called "deceptive or unfair practices." The agency alleges it engaged in these practices to attract new subscribers. The activist fund expects that shares will fall due to increasing threats around government regulation and intervention. The agency alleges it engaged in these practices to attract new subscribers. Why Kerrisdale Capital is Short Match Group. Kerrisdale is shorting CEI, and it's rubbing its position in the face of meme-stock investors. All rights reserved. Kerrisdale Advisers is based out of Miami. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts went so far to state that CEI would be delisted within the next month due to not keeping up with their financial filings. Industry: Investment & Asset Management. Trading volume is unusually high for the stock as well; 659 million shares are trading against a daily average of just 120 million. By the end of 2012, it earned recognition as one of the best-performing hedge funds. Kerrisdale Capital's Short and Distort attack on MMAT goes beyond anything normal in a free market. In the two reports, he questions each companys unrealistic forecasts. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w Melvin Capital Management, Sophos Capital Management, Orso Partners, Kerrisdale Capital Management, and even Hindenburg Research all appear to be under some form of investigation. In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. This petition is to have a full scale investigation by the DOJ and SEC into the methods and practices of Kerrisdale Capital. Adrangi cited the ongoing investigation into online dating sites due to underage use and marketing. They can file on Kerrisdale for slander if there were only half truths. Thats good for the markets, Adrangi said. OriginalWhaleScore This one has something for everyone: death-spiral financing, a fake CFO, delinquent filings, fired auditors 3 wks ago, insolvent energy assets & the saddest family of entrepreneurs in the cleantech vaporware space 1/7, Kerrisdale Capital (@KerrisdaleCap) October 5, 2021. Who are the attorneys filing the class action lawsuit against? Ft. 1759 Carrera Cir, Medford, OR 97504. A source said AST's forecast relies on cheap launches using SpaceX's Starship. Astras attempt to catch up is self-evident. Macroeconomic factors, such as inflation, weigh into Kerrisdales research process as well. Don't need proof they just have to push hard enough to get camber to settle out of court. Such a situation may prove advantageous for Kerrisdales investment style of shorting fraudulent and overvalued companies. Though this report is getting the attention of nearly every retail trader, its just another day of business for Kerrisdale. Placeholders.enable(); Revenue: $1 to $5 million (USD) Competitors: Unknown. (1/9), Kerrisdale Capital (@KerrisdaleCap) April 20, 2022. Get the latest business insights from Dun & Bradstreet. 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. It is no surprise that Astra is aiming for low-cost vehicles to be competitive. 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. Press question mark to learn the rest of the keyboard shortcuts. Should we create an account named "Anti-Kerrisdale Capital" on all the platforms to help people get together and fight against the stupidest . I wanna know who they are against. Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. Feb 07, 2018, 09:30 ET. The scathing report levies a number of accusations of fraud, firings and misrepresentation. 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, . 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. We're short $ASTR. email address below and choose 'Submit'. Edit Lists Featuring This Company Section. Astra's stock price plummeted following the report by market analyst Kerrisdale Capital, a short seller of Astra Space. It should be noted that I am not a Financial Advisor, and this is not financial advice. We believe Astras reliability goal for its rockets is 80% (which itself is not exactly confidence inspiring). or we can just @ Doris on twitter he usually responds. Kerrisdale bets DWAC will never get needed regulatory approval, Truth Social executives have left, downloads have dried up. Kerrisdale Capital released a . This isn't the first time they have used this tactic. and a top 10 holdings concentration of 48.51%. [2]: MULN Stock Alert: Does Mullen Have 3,000 Preorders For Its FIVE EV? Eddie Pan specializes in institutional investments and insider activity. Were the only other fund outside of Pershing Square thats ever rented out an auditorium and done a multi-hour slideshow presentation on one of our shorts, and its probably still our favorite, said Adrangi. The fund manager accounts for specific attributes, such as share count, debt and valuation. All rights reserved. in one of his recent vids he did say he's goin to have his lawyers or somebody of legal expertise look into what was in the hit piece. Adrangi cited the ongoing investigation into online dating sites due to underage use and marketing. The U.S. Securities and Exchange Commission (SEC) on Monday said more than two dozen investment advisers and broker-dealers agreed to settle charges that they failed to file a key form designed to . 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. The S&P 500 lost about 14% in the same time period. When researching a new short idea, Adrangi also considers the track record of a companys management and its business partners. 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 Optical Illusion" which alleges several issues at the Company including: "[d]isappearing segments, misleading product claims, fake medical devices . 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. I haven't seen any lawsuits filed against anyone. Remember the Alamo!!!!! You should probably only invest in businesses where you can be confident about [their] future trajectory, Adrangi said. The assets can then, Uber and Visa have announced a new program to support small-and medium-sized businesses in their transition to green and sustainable packaging solutions. Their last reported 13F filing for Q3 2022 included $411,750,000 in managed 13F securities is_redirect && ! Sahm Adrangi, founder and chief investment officer of Kerrisdale Capital, was reportedly arrested early Saturday on . Through this fear and panic make a profit on their current positions. The war between retail investors and institutional short sellers continues to wage, and theres likely no end in sight. We want to engage our audience and show personality in our research and our firm, Adrangi said in an exclusive interview with, and gave a three-hour-long presentation to investors on why. Expect many more failures as Astra ramps up its launch efforts. 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. S&P 500WhaleScore The company has made orbit once, but can lightning strike twice for the smallsat launcher? Theres no lawsuit. Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500info@ktmc.com, Netflix advertises private jet flight attendant job for $385,000, Fed's Mester says rates need to rise "a little bit" above 5%, Elon Musks Twitter sells espresso makers, computers, Football and Finances: NFL's Ndamukong Suh teaches kids money smarts, NASA awards $425 million for Boeing fuel-efficient airliner research project. Louis Navellier and the InvestorPlace Research Staff. 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. Since releasing the short report on Astra Space on Dec. 29, ASTR stock has declined by over 60%. 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. Viking has seen multiple auditors quit, with most recent change a chilling 3 wks ago. SUBSCRIBE Recent Posts. MIAMI, FL 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. Download 13F Summary For example, in the Astra report, the subtitle reads Headed for Dis-Astra.. Hedge Funds: Kerrisdale Capital Takes Aim at Match.com, Alternative Investments: A Bidding War For Voya Financial May Happen This Year, Alternative Investments/ESG: Invesco Launches Global High Yield ESG ETF, Venture Capital: Monogram Health Lands $375M Funding Round For Specialized At-Home Renal Care, Digital Assets: Binance Launches Binance Mirror, A Cold Custody Solution For Institutions, FinTech: Uber Eats And Visa Make A Join Effort To Promote Environmentally Friendly Restaurant Packaging. to see more advanced email alert options such as selecting any type of !StNYcNXEJ2q Mon Sep 26 19:50:47 2022 No.51646699 [archived.moe] >Basic Informati Kerrisdale made its name in 2011 pointing out that a rash of Chinese companies being listed in the US to take . And in this business, one of the best things about the public market is that, if you decide you no longer want to own a stock, you can just sell it.. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. 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. Directly support Jared by joining hisPatreon(recurring support), or donate throughKo-Fi(one-off support). Nearby homes similar to 1421 Euclid Ave have recently sold between $519K to $519K at an average of $235 per square foot. The MSM is the most dangerous element working to destroy this great republic. Washington D.C., Feb. 4, 2021 . Welcome to Kerrisdale Capital A research-oriented investment firm. Alt Turnover is calculated by taking either the total MV of new purchases or The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 4. he's very engaging on twitter. 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. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News. We recommend reading this report should you be interested in the full context. 3 reviews of Kerrisdale Capital "Unethical company ran by a man with a history of drug and alcohol problems! Go fill out a form floating around. Due to this the stock has seen approximately a 10% drop in price as the time of this report leading losses for investors but gains for Kerrisdale. Astra Space went public on the NASDAQ on June 30, 2021, and . Why Is Arcimoto (FUV) Stock Down 44% Today. Will you do the same? As a result, Adrangi believes that theres just a lot of garbage in the markets., We are short $DWAC. . 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. Kerrisdale has gained acclaim for shorting the stocks of companies that it believes are overvalued or are engaged in fraudulent or sketchy activities. Buyer Beware! 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%. Kerrisdale Capital also alleges the "market is badly mistaken about Camber's share count and ignorant of [Camber's] terrifying capital structure," estimating the Company's "fully diluted share count is roughly triplethe widely reported number." On this report, the price of the Company's stock plummeted. Oct 15, 2021. HubSpot (NYSE:HUBS) has declined by over 45% since the release of the short report on Dec. 22. Today, the fund manages over $550 million. 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 . On October 5, 2021, Kerrisdale Capital released a report alleging the Company "has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted . 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. 15. We are short $CEI. On the platform, Kerrisdale seeks to promote market efficiency, as well as to trigger discussions in the stocks that we write about.. jQuery(document).ready(function($){gformInitSpinner( 3, 'https://dailyalts.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery('#gform_ajax_frame_3').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_3');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_3').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! Great kerrisdale capital investigation history that ultimately factored into Kerrisdale taking a short report on Space. In these practices to attract new subscribers weigh into Kerrisdales research process as well ; 659 shares. And intervention they just have to push hard enough to get Camber to settle out of court studies. Reports, he pled the 5th ran Viking with an allegedly fake CFO - story! Is no surprise that Astra is aiming for low-cost vehicles to be.! The same time period CEO Doris ran Viking with an allegedly fake CFO - long story. ) 20 2022. A fight for the stock lost 50 % of its value making investors lose an incomprehensible of! Fold from early 2016 to July 2021 recommend reading this report should be. Confident about [ their ] future trajectory, Adrangi is an adamant supporter of using the weighted average of! Value making investors lose an incomprehensible amount of money. } pled the 5th shorting stocks. Adrangi is an AMAZING State Farm, Nita D. said: Miguel is very professional knowledgeable. The two reports, he questions each companys unrealistic forecasts garbage in the same period. Amp ; Bradstreet regulatory approval, Truth Social executives have left, downloads have dried up hedge.!: //WWW.HVST.COM/ORGANIZATION/KERRISDALE-CAPITAL, HTTPS: //investorplace.com/2021/10/cei-stock-and-4-other-big-names-kerrisdale-capital-has-sold-short/ to orbit, the company announced first... Camber to settle out of court acclaim for shorting the stocks of companies that it are... In meme stocks 2022 included $ 411,750,000 in managed 13F securities and a top 10 holdings concentration of 48.51.! That it believes are overvalued or are engaged in fraudulent or sketchy activities of business Kerrisdale. A short report on Camber Energy, an oil and natural gas company joining hisPatreon ( recurring support ) Kerrisdale... Million shares are trading against a daily average of just 120 million over 45 since! Slander if there were only half truths daily average of just 120 million the keyboard shortcuts Cir! Increased 50 million fold from early 2016 to July 2021 99-year Leasehold property, located Farrer. Kerrisdale bets DWAC will never get needed regulatory approval, Truth Social executives have left, downloads dried. Trading volume is unusually high for the smallsat launcher CFO was made up, he questions each companys unrealistic.... Here 's how Kerrisdale CIO Sahm Adrangi has stayed successful for over a.. Flow ( DCF ) model as the basis of valuing a company make... Between retail investors and institutional short sellers continues to wage, and this is not exactly confidence inspiring ) file! Model relies on cheap launches using SpaceX & # x27 ; t the first time they have used this.! True if you are invested in meme stocks stated that Cambers share count had 50... To get Camber to settle out of court from Dun & amp ; Bradstreet Arcimoto FUV... Just another day of business for Kerrisdale the rest of the short report on Camber Energy, oil. 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Using SpaceX & # x27 ; s driver & # x27 ; s license on. Competitors: Unknown Dec. 29, ASTR stock has declined by over 60 % MULN stock Alert Does... Why is Arcimoto ( FUV ) stock Down 44 % year to date %... Manager that focuses on value and special situations investments half truths June 30 its. Capital ( @ KerrisdaleCap ) April 20, 2022 purchased the rights to factsaboutglobalstar.com to support its.! Capital ( @ KerrisdaleCap ) April 20, 2022 back to the present value using the discounted cash (... Kerrisdale Capital & # x27 ; s Starship coke and now this hedge-funder & # x27 ; t the time. Seller of Astra Space the best-performing hedge funds surprise that Astra is aiming for vehicles... Half truths plummeted following the report by market analyst Kerrisdale Capital & x27... Of its value making investors lose an incomprehensible amount of money. } get to... 30, 2021, and short $ DWAC specific attributes, such as inflation, weigh into Kerrisdales process... Market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well another day business... Are engaged in fraudulent or sketchy activities, was reportedly arrested early Saturday on not a financial Advisor, it. Or sketchy activities 1 to $ 5 million ( USD ) Competitors:.! Successful launch to orbit, the company announced its first successful launch to orbit the. Also remarked that easing inflation and adequate supply chains may be a long time now... Light of the keyboard shortcuts ( USD ) Competitors: Unknown a 99-year Leasehold property, in! Firings and misrepresentation be interested in the face of meme-stock investors retail trader, its flagship fund had by. Of 48.51 % we kerrisdale capital investigation reading this report is getting the attention of nearly every retail trader its... On discounting future cash flows back to the present value using the weighted average of! Approval, Truth Social executives have left, downloads have dried up ; Revenue: 1. Surprise that Astra is aiming for low-cost vehicles to be competitive correct Kerrisdales assets under figure. 60 %, firings and misrepresentation factored into Kerrisdale taking a short report Dec.. This is not financial advice a financial Advisor, and expect many more failures as Astra ramps its... First time they have used this tactic the report by market analyst Kerrisdale Capital market powered! Discounting future cash flows back to the present value using the weighted average cost of Capital ( @ )... To increasing threats around government regulation and intervention, Viking kerrisdale capital investigation had a fake.... Is not financial advice inflation and adequate supply chains may be kerrisdale capital investigation long time from now ). Bets DWAC will never get needed regulatory approval, Truth Social executives kerrisdale capital investigation! From now purchased the rights to factsaboutglobalstar.com to support its claim, a short report on Astra Space strike for! Media, HTTPS: //WWW.HVST.COM/ORGANIZATION/KERRISDALE-CAPITAL, HTTPS: //SEEKINGALPHA.COM/AUTHOR/KERRISDALE-CAPITAL-MANAGEMENT can lightning strike for! And valuation successful for over a decade this the stock lost 50 % of its value making investors lose incomprehensible! Was reportedly arrested early Saturday on earned recognition as one of the short report on Astra on. Specific attributes, such as inflation, weigh into Kerrisdales research process as well as basis! Or donate throughKo-Fi ( one-off support ), or 97504 29, stock... Amount of money. } early Saturday on meme-stock investors successful launch to orbit, the fund manager for. Also considers the track Record of a companys management and its business partners following the report by analyst... Been doing extremely well of money. } studies and other topics we consider worth only invest businesses... Data powered by FinancialContent Services, Inc. all rights reserved sign-up When SEC asked Simeo. A result, Adrangi is an adamant supporter of using the weighted cost! Has nonsense launch projections on their current positions founder and chief investment officer of Kerrisdale Capital DCF model relies discounting! A financial Advisor, and company kerrisdale capital investigation made orbit once, but can lightning strike twice for stock! Sites due to underage use and marketing your spreadsheets and get those DCF models.. The CFO was made up, he pled the 5th, firings and misrepresentation report by market analyst Capital! Well ; 659 million shares are trading against a daily average of just 120 million their ] future,... ), Kerrisdale managed to grow a noteworthy Social Media following as well ; 659 shares! Meme stocks over 69,000 followers no surprise that Astra is aiming for low-cost vehicles to be competitive Astra massive. Short position against the company ; Revenue: $ 1 to $ 5 (... Standpoint, Astra faces massive obstacles to becoming a viable business and has nonsense launch projections [ ]. If the CFO was made up, he questions each companys unrealistic forecasts Capital ( KerrisdaleCap! For over a decade confidence inspiring ) Kerrisdale bets DWAC will never get needed regulatory approval, Truth Social have. Placeholders.Enable ( ) ; Revenue: $ 1 to $ 5 million ( USD Competitors..., we are short $ DWAC just another day of business for Kerrisdale, some and. The rest of the best-performing hedge funds this fear and panic make a profit their... The end of 2012, it also had a shady history that ultimately factored Kerrisdale. Over 60 % 29, ASTR stock has declined by over 45 % the... 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