Sahm Adrangi Reveals Why He Doesn’t Think QuinStreet Is A Good Investment

Kerrisdale Capital Management issued a report about QuinStreet, Inc. recently that was quite negative. QuinStreet is an online marketing firm headquartered in Foster City, CA. It was founded in 1999 and has something of a sketchy past including having to pay a fine of $2.5 million when it was discovered they were illegally using advertising targeted at veterans in order to get them to become students at a number of for-profit universities.

While investigating QuinStreet’s current advertising tactics Sahm Adrangi, the founder and CIO of Kerrisdale Capital, and his team of analysts saw that QuinStreet is once again engaging in suspicious activities. Sahm Adrangi says that QuinStreet is sending a lot of phony traffic to websites under their control. This creates a stream of income for QuinStreet at the expense of the clients they have signed up. The report also states that just about all of the revenue growth at this company has come from just one of their clients which isn’t a sustainable business model. He called QuinStreet a firm whose business model is completely broken.

Before issuing the report on QuinStreet, Kerrisdale Capital had taken a short position on it. This means if QuinStreet’s stock value plunges Kerrisdale will make investment gains. Sahm Adrangi indicated in his report that he would be holding a telephone conference later that day where he and his team would divulge the information they have documented about QuinStreet.

Sahm Adrangi was just 24 years old when he founded Kerrisdale Capital in 2009. Prior to that he had worked for three firms in the financial industry which were Chanin Capital Partners, Longacre Fund Management, and Deutsche Bank. He had been an analyst for each of these firms and developed knowledge about leveraged financing, restructuring investments, distressed and bankrupt businesses, and other areas of finance.

The hedge fund Sahm Adrangi manages is primarily invested in value stocks that he holds for a long time. However, when Sahm Adrangi sees a special situation such as QuinStreet he is willing to short a company’s stock. This type of investing is starting to become known as soft activism investing.

Randal Nardone- Unlocking His Potential

Randal Nardone attended the University of Connecticut for his Science undergraduate degree, and from School of Law University of Boston, he got his J.D. Randal is Fortress Investment Group Chief Executive Office since 2013, and he is also the co-founder, director, and principal. Fortress Investment Group is an investment management firm with a global portfolio of 43.6 billion dollars in assets, and it started in 1998. The company offers management of assets for more than 1,750 institutional both private and public globally dealing with real estate, credits, traditional fixed income, liquid hedge private equity, permanent capital, and others.Randal became the board of director for the Fortress Company in 2006 November and named on the Forbes Magazine among the world billionaires in 2017 ranking number 557 with a tune net worth of 1.8billion dollars. ‘

Randal Nardone started his career at Thacher Proffitt and Wood as a partner and the executive committee member before moving to BlackRock Financial as the principal Financial Manager and later UBS as the managing director and today he oversees the legal matters and structured finances of Fortress Investment Group where he owns company shares worth 53 million dollars.The Tokyo SoftBank Group Corporation acquired the Fortress Investment Group for 3.3 billion dollars in cash, and the company owns the outstanding shares of the company. According to Randal Nardone the Fortress Chief Operating Office the acquisition adds to the sound principles of the company committed to maintaining the business model, leadership, brand, processes, personnel, and culture.

The company headquarters remains in New York with the current management team leading Fortress.The SoftBank Group is well-known for its roles in global technology that aspires in driving the information revolution with its headquarters in Tokyo, and it has significant global companies’ portfolio that includes internet service, telecommunications, and clean providers of energy technology, IoT, smart robotics and Al.Randal Nardone used his experiences and years of knowledge to create Fortress investments Group with his co-partners Wesley R. Eden’s and Peter L. Briger who has vast skills in financial filed. In addition to working for Fortress, Randal is also the director of Brookdale Senior Living, Alea Group Holdings Ltd Bermuda, Springleaf Finance, Eurocastle Investment Limited, Springleaf Finance Corporation and GAGFAH S.A. The Fortress Investment Group under the management of Randal Nardone has a total of 953 employee’s assets management with 216 holding the professional investment docket who praises him for his dedication to making the company grow fast.

World-Class Execution: Randal Nardone, Intrawest Resorts Holdings & SoftBank

Billionaires join a special club of the elite who have world-class features. The successful spend time together. How are Randal Nardone, Intrawest Resorts Holdings & SoftBank examples of world-class execution?

Luxury Intrawest Resorts Holdings

In 1976, Intrawest was founded in Denver, Colorado as a luxury adventure travel company. The Fortress Investment Group purchased Intrawest in 2006. Americans enjoyed the luxury mountain ski resorts offered by Intrawest.

Birds of a Feather Flock Together

Intrawest is the largest operator of resorts with skiing, snowboarding, golf, lodging, mountain biking and real estate holdings. Its property included real estate in Colorado, Mexico, Utah, Vermont, West Virginia, Alberta and Quebec. Eventually, Intrawest was returned to private status.

SoftBank Buys Fortress

As part of its SoftBank Vision Strategy 2.0, SoftBank acquired the Fortress Investment Group for $3.3 billion. It saw this as one piece of the puzzle to build the infrastructure of tomorrow. The New Infrastructure was being established.

Now, the SoftBank officials can also enjoy the luxury ski resorts of IntraWest. “Birds of a feather flock together.” The world elite like to meet at luxury ski resorts, like Davos, Switzerland. Now, SoftBank can do the same with IntraWest resorts.

SoftBank’s Chief Executive Masayoshi Son stated that Fortress had a “world-class investment platform.” It was a very valuable asset to add to the SoftBank portfolio. Gradually, the pieces were added together to create a masterpiece.

Randal Nardone has established a powerful company in Fortress. He has helped the firm add IntraWest to the mix. Now, SoftBank has joined hands with Fortress. They are planning on creating a powerful new infrastructure for the future.

World-Class execution has been achieved by Randal Nardone, Intrawest Resorts Holdings & SoftBank in creating the infrastructure for the future. Is this the foundation for a New Age? Only the future will reveal the truth.

Read More: www.marketswiki.com/wiki/Randal_A._Nardone

Equities First Holdings UK

Follow the work done by Equities First Holdings whenever possible. They were founded back in 2002 and have become a leading company in their own right. The UK is proud of the work that they have accomplished in lending. Many borrowers simply trust their team to deliver when it comes to capital agreements. Lenders are often ranked by their reputation and ability in the market. Equities First Holdings UK is highly respected in their own right.

Over the years, Equities First Holdings has expanded their presence across the world. They have surprised many with renewed efforts to keep the company going strong. New offices were opened up in countries such as the United States and Thailand. The team also has offices opened in Hong Kong and Singapore. That grants them access to lucrative markets among their borrowers. Lenders like these often know how to manage money appropriately in due time, and resume their.

Conference Draws Financial Leader

The Texas Bankers Association’s 5 th Annual Strategic Opportunities and M&A Conference recently hosted a discussion panel on ‘Reinventing Community Banking: Perspectives on Competing by Innovation’. The annual conference is a forum for banking leaders to assess the future of the banking industry, evaluate strategic options and develop conceptual pathways for innovation. One such panel participant was Dallas’s own John Holt, President and CEO of NexBank Capital, Inc.

Mr. Holt joined Nexbank in 2011 and has lead the company’s growth to become a major institution in the Dallas, Texas area. Founded in 1922, Nexbank’s clients tend to be larger enterprises, such as Financial and Corporate Institutions as well as Institutional clients serving mainly the Commercial, Mortgage and Institutional sectors. Nexbank also deals with many international clients. It is currently the 4th largest bank in the Dallas area, the 13th in all of Texas. They have worked with several non-profit groups to help establish a loan program for those living in south Dallas.

Well respected in the banking industry, John Holt holds many positions on many committees. He is currently serving his second term as Board of Director for the Texas Bankers Association as well as being the the Chairman of the Community Bankers Council.