In an effort to increase its revenues and increase its relevance in today’s market, Kodak announced its creation of KODAKCoin and KODAKOne. These are the new business channels Kodak will use to launch into the cryptocurrency market and use blockchain technology for securing copyright protection for images. Although coin offerings have spurred growth in many businesses, Sahm Adrangi doesn’t feel that this action will give Kodak stockholders any benefit nor does he feel that it will increase Kodak’s value, he also feels that Kodak’s current cash structure and ineffective leadership will doom any investments Kodak makes in the with this strategy.
Sahm Adrangi formed his “Negative Report” through in-depth research into Kodak’s financial packages and SEC filings. Referencing Kodak’s declining profits and its general lack of business fundamentals and leadership he believes that there won’t be enough revenue generated from its blockchain ventures to offset a history of poor performance. Sahm Adrangi is also concerned with the actions of the Kodak board of directors which granted its members restricted stock the day before it made the KODAKOne announcement. Sahm Adrangi feels that the Kodak board risks SEC investigations and feels its executives and board members have not acted in the best interests of the stockholders and feels this lack of judgment will be detrimental to Kodak’s hope for future growth.
Sahm Adrangi has provided the information about Kodak through one of his “Negative Reports” which he publishes regularly about stock opportunities that don’t line up. An experienced investment manager, he created Kerrisdale Capital Management LLC to share his investment advice and focus on long-term investment growth. Currently managing a fund of more than $300 million, Sahm Adrangi keeps abreast of current market news and issues his “Negative Reports” whenever he encounters irregularities and unsubstantiated claims. With his years of experience and deep analytics, he is able to maintain a stable investment fund and provide his clients with increased gains.
The reputation of investment firms is not always favorable. The Madison Street Capital reputation continues to climb to the top with favor with another M&A Advisor award for 2017. The investment firm has been regarded as one of the top investment firms in the country. As the winner of the 16th annual M&A Advisor awards, Madison Street Capital continues to shine amongst their peers.
The international investment banking firm was named as the winner for the Debt Financing Deal of the Year for a transaction they completed with WLR Automotive. In a recent press release, the M&A Advisor mentioned that they have been honoring the leading dealmakers since 2002 at the gala in New York, New York. There are more than 650 participants, a large group of participants that are all highly recommended in their industry. Competing with the best of the best in investment banking, Madison Street Capital continues to stand out above the rest.
Charles Botchway, the CEO of the firm said, “We are honored to be the recipients of an M&A Advisor award this year in the Debt Financing Deal of the Year category.” Botchway was pleased to make this announcement, but he was also proud to recognize the Senior Managing Director that led the transaction, Barry Petersen. Although they were named the winner in the debt financing category, they were also nominated as a finalist for the Boutique Investment Banking Firm of the year as well.
Additionally, they were nominated for the category of Financials Deals, one that recognizes deals that are closed under the 250 million dollar mark. As a leading dealmaker, it is no surprise that Madison Street Capital is so highly regarded in finance. Those who are looking for a reliable and customer-centric investment banking firm should seek out advising services from Madison Street Capital.
Noted as a prestigious firm, Madison Street Capital has been recognized for its commitment to excellence and integrity in all areas of their business procedures and protocol. The firm works with businesses that are both public and private, and the firm is careful to handle all matters of corporate finance delicately and in a timely manner. The firm continues to exceed the expectations of its clients in that they focus on finding ways in which the client and the firm can both benefit from the transaction. It’s safe to say that the reputation of Madison Street Capital is beyond outstanding.
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