Kerrisdale Capital’s Sahm Adrangi Releases Negative Report

Kerrisdale Capital’s Sahm Adrangi Releases Negative Report

Sahm Adrangi, Chief Investment Officer of Kerrisdale Capital, released a negative report on QuinStreet, Inc to explain why they’re shorting QuinStreet’s stock, QNST. QuinStreet is a web advertisement firm that provides new potential customers who are shopping for the product that the affiliated website is selling. QuinStreet claims that these leads are high value, while most of the traffic comes from fake traffic and users working for “swagbacks”. Swagbucks is a website that rewards users with gift cards for tasks they complete. These tasks often involve going to certain websites and clicking around on the page to generate traffic, despite the user not being interested in anything the website is selling.

Adrangi claims that there is nothing to set QuinStreet apart from its failing competitors. Their technology is out of date, their affiliated websites are moving to greener pastures, and their business model.

Sahm Adrangi outlines a system of phony traffic to websites in QuinStreet’s network. The phony traffic generates revenue for QuinStreet while costing their affiliated websites. Adrangi further states that their whole business model is flawed. He also points out that key members of QuinStreet, like its CEO and CFO, have already began selling their shares.

From their out dated business model, clunky technology, and utilizing fraudulent traffic to increase revenue and deceive their customers, Kerrisdale Capital has shorted the company and believes it will fail.

Founded in 2009, New York-based Kerris Capital manages over $300 million in investments. The private firm focuses on long-term investments as well as event-driven situations.

Sahm Adrangi is the Chief Investment Officer of Kerrisdale Capital as well as its founder. He earned a bachelors degree in arts and economics from Yale University. He worked at Chanin Capital Partners where he advised creditors in Chapter 11 bankruptcy restructuring. Before founding Kerrisdale Capital, Sahm Adrangi worked at Longacre Fund Management as an investment analyst for both the equity and credit fund.

George Soros may win war despite losing presidential battle

George Soros may win war despite losing presidential battle

With the election ushering Donald Trump into the White House, many who had invested so much into Clinton’s presidential bid are asking themselves what went wrong. George Soros is certainly among them. After having donated over $25 million to the Clinton Campaign, no one was more heavily and personally invested in Mrs. Clinton’s victory than Soros himself. However despite this large, public loss, George Soros may still have much more to smile about that the American public knows, or that his opponents would care to admit.

A Pyrrhic victory…for Trump
Since at least 2014, George Soros, through his various philanthropic organizations has been quietly waging a local war of attrition against incumbent right wing politicians. Nowhere has this been more forcefully evident than in the few district attorney races in which Soros has chosen sides.

This is not idle meddling either. After all, Soros is no slouch. In seeking to replace the district attorneys of large, but not too large, cities across the country, he is tapping into one of the most effectively powerful positions in America. On paper, district attorneys merely decide when or when not to charge someone with a crime and then how to best prosecute the state’s case. But in practice, district attorneys wield enormous power, effectively deciding who will go to jail and who will skate. George Soros is seeking to implement his ideas on criminal justice reform by turning off the prison-to-school pipeline at its very spigot. The conservatives may have won the big election. But if Soros succeeds with his strategy of locally replacing all powerful conservative functionaries the national Republican gains may well prove for naught.

Read more: George Soros’ quiet overhaul of the U.S. justice system

Electoral magic in Orlando
In one recent episode, the Soros machine snatched victory from the crocodilian jaws of the sure winner, Republican incumbent Jeff Ashton. Ashton had served many terms as the district attorney of the Orlando metro area, covering over 1.6 million people. Unfortunately, during his tenure he had also amassed a record of stunningly disproportionate minority arrests and convictions.

Enter Soros. The rival candidate, Aramis Ayala, an almost unknown public defender with no war chest to speak of, was bestowed with $1.2 million worth of George Soros funded advertising and consultancy. The result was an incredible upset. The incumbent Ashton was defeated by a wide margin, propelling the inexperienced but social-justice-minded Ms. Ayala into what’s arguably Orlando’s most powerful executive post.

Similar stories have played out across the USA from Maricopa County, Arizona to Louisiana to Colorado. It’s well worth noting that in every single election in which George Soros has backed someone, his favored candidates have won. This is partly explained by the donated money alone but also has much to do with Soros’ own strategic acumen and knack for surrounding himself with and hiring the absolute best people.

Through these tactics, Soros is making a play for the heart of the U.S. criminal justice system. If he can succeed at replacing enough judges and prosecutors his cause of criminal justice reform will be in a position to affect real change and fundamentally alter the way justice is dealt out in the United States. Under the shadow of the real, tangible power of a thousand local prosecutors and judges, the presidency starts to look like a mere ceremonial title.

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Avi Weisfogel, A Man of Many Talents

Avi Weisfogel, A Man of Many Talents

Avi Weisfogel is a dentist who also specializes in sleep apnea and treats patients for sleep-disordered breathing. He has decades of experience in the dental field and through this five years ago he started the “Healthy Heart Sleep” to help people with sleep problems. He later went on to own Dental Sleep Masters Seminars where he teaches other doctors how to treat their patients suffering from sleep problems.

Avi Weisfogel did not stop there. He started a GoFund Me page for the charity called Operation Smile which consists of a team of surgeons and nurse who help children in other countries who are born with facial and mouth deformities such as cleft palates and cleft lips. Operation Smile has grown since the beginning and this charity has made a huge difference in a lot of children’s lives.

For Avi, music might have been put on the backburner for a while as he pursued his professional achievements, but nonetheless he became part of the music world. He has taken advantage of everything there is to offer in the hip-hop music industry and recently he has established a significant base of followers on Soundcloud.

As you can see, Avi enjoys his professional life in taking care of his patients and spreading the word to other doctors about helping their patient achieve better health through better sleep practices and breathing quality during sleep, but he also sees the need to help children in other countries. While doing all of this, he also finds time to enjoy playing music.