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 Their technology is out of date, their affiliated websites are moving to greener pastures, and their business model.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.

http://www.zerohedge.com/news/2017-05-09/kerrisdale-capital-reveals-latest-short-selling-target-will-it-be-next-straight-path

What You Need To Know About Market America

What You Need To Know About Market America

Market America was founded by JR Ridinger (a former Amway distributor) and his wife Loren Ridinger back in 1992. They had a rough beginning. The company didn’t come to light for almost ten years, this was due to some changes in the Security and Exchange Commission about the violation of certain securities laws in 1999.

Just like other MLMs that go public and then have some issues with the Security and Exchange Commission, the company also went private in 2001. The company started enlarging their coast internationally by 2002 into Australia. Afterward, the company moved into the United Kingdom, Mexico, Philippines, and Hong Kong.

In 2010, Market America bought Shop.com – an online shopping engine that flaunts most of the world’s largest former investors, including Bill Gates, Yahoo, and Amazon. By 2011, the company started gaining grounds, and they had about 650 employees, and all of them were working full-time.

Also in 2010, the company had an estimate of 395 million USD in revenue. They also unveiled two celebrity spokespersons – Kim Kardashian and Scottie Pippen. In 2013, the company took the 27th position in the Global 100 of DSN.

Market America Products

This company has one of the biggest stores in the world. They have more than 3,000 proprietary products in their store. Some of the products you can find in their store include health tonics, makeup, household cleaners, fitness programs, nutritional and weight-loss supplements, gardening products, and so many others.

In addition to the proprietary products they sell, JR went ahead to acquire Shop.com, an online platform that sells all types of popular name brands at very affordable rates – the idea is to make the company look like Amazon.com.

A very popular product in the Market America store is Isotonix (nutritional supplements) which they brought Scottie to represent in 2010. The supplements were sold for 70 USD for each bottle. You can find a nutritional supplement with the same or similar ingredients at other online platforms or a drugstore close to you for less than that amount (even about 25 USD) per bottle, but those do not have the face of a celebrity on them. The face on the bottle is basically their selling point.

https://www.linkedin.com/company/market-america-inc-

OSI Food Solutions: A World Leading Food Solutions Provider

OSI Food Solutions: A World Leading Food Solutions Provider

OSI Food Solutions is a company that offers all foods solutions and is located in Aurora, Illinois, United States. It provides quality foods and services across all the networks globally. It is known for the global supply of customs value-added food varieties to all worlds’ best foodservice and the retail brands. It is a privately owned company that offers great resources. It produces food globally through the structured chain management in sourcing, distribution, and procession of the food products. This allows OSI Food Solutions to maximize the opportunities and deliver the custom food products. OSI Food Solutions has more than 65 facilities globally, with more than 20,000 employees who are well trained and experienced in the food industry. In their career sector, OSI Food Solutions is a firm believer that employees make the success of the company. As a result, they provide the opportunity to challenge and stimulate the employees. They employ individuals who show great passion and are committed to offering new ideas and innovations to make a difference in the company. OSI Food Solutions emphasizes that it a place where one can learn, grow and discover their full potential. The company enjoys working with individuals who love teamwork, can bring solutions and have entrepreneurial minds.

OSI Food Solutions in Spain doubled the output of chicken following the expansion of the OSI group. This plant is located in Toledo, Spain. It underwent some expansion, which is the reason behind the doubling of their chicken products. The expansion cost 17 million euros. The estimated production of the chicken products stands at 45,000 tons. This will benefit the entire company as well as the community through the creation of job opportunities. This doubling has been because of the increase in the demand for chicken products following the trends in the economy and food consumption rate in Portugal and Spain. This demand has increased by eight percent and is expected to keep growing. This means that the OSI Food Solutions continues to lay down strategies for retaining its leading positioning production and distribution.

OSI Food Solutions has made great milestones in acquiring the Baho food. This has been a Dutch manufacturer of fast foods, snacks & deli meats, which served retail food places. The additions of the Baho food into the OSI Food Solutions business has given the company a broader presence in European countries. The managing director for Baho foods and the team members works closely with the OSI Food Solutions team to realize the potential fully.