Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Nearby homes similar to 1421 Euclid Ave have recently sold between $519K to $519K at an average of $235 per square foot. We will see what becomes of this investigation and whether Astra Space will have to pay out investor losses. . Pershing Squares Bill Ackman, one of the most highly regarded names in the hedge fund industry, often used the same auditorium to share his investment ideas. Trading volume is unusually high for the stock as well; 659 million shares are trading against a daily average of just 120 million. CEI stock is currently down over 50% with the report. 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. Alt Turnover is calculated by taking either the total MV of new purchases or 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. Today, the fund manages over $550 million. . Kerrisdale doesnt always rent out fancy auditoriums to share its research. Report at https://t.co/s3QiLOk7Zo. At the time of publication, Astra had only successfully launched one rocket into orbit after six previous failures. Kerrisdales recent success proves that in times of difficulty in the markets, its best to focus on the long term. For short-squeeze traders, these waves are not fun ones. The agreement referred in the report is a deal Astra made with Firefly Aerospace. Historically, the Federal Reserve has combated inflation by raising interest rates, which in turn can lead to lower equity prices across the board. They wouldn't file against Camber unless they have massive proof of everything. This community is intended for LONG term holders who seriously invested in $CEI and did their fundamental analysis and DD. Lists Featuring This Company. All rights reserved. Louis Navellier and the InvestorPlace Research Staff. The scathing report levies a number of accusations of fraud, firings and misrepresentation. A link for both articles can be found at: https://www.kerrisdalecapital.com/blog/. Press question mark to learn the rest of the keyboard shortcuts. So, if you want to succeed like Kerrisdale, open your spreadsheets and get those DCF models running. C. T. said: I don't often write reviews unless I had very poor or extremely wonderful, Alexandra H. said: Let me start off by saying that the reviews on here are REAL. Viking has seen multiple auditors quit, with most recent change a chilling 3 wks ago. The Department of Justice and the U.S. Securities and Exchange Commission are investigating dozens of investment firms for their short selling activities. Astra is playing a risky game. All rights reserved. Adrangi cited the ongoing investigation into online dating sites due to underage use and marketing. 1125 N. Charles St, Baltimore, MD 21201. or we can just @ Doris on twitter he usually responds. 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. 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 Advisers's largest holding is Valaris Ltd with . Binance has launched an off-exchange settlement solution called Binance Mirror which allows institutional investors to lock collateral by connecting their qualified cold wallet with Binance Custody. Oct 15, 2021. MULN Stock Alert: Does Mullen Have 3,000 Preorders For Its FIVE EV? Sep 15, 2022. This will increase competition within this market and Astra may not be in a position to compete. All text and design is copyright 2020 WhaleWisdom.com. Anson Funds' Moez Kassam Interview: Investing in the Success of Businesses and Communities. How do I update this listing? Atlanta, Georgia--(Newsfile Corp. - October 5, 2021) - Holzer & Holzer, LLC is investigating whether Camber Energy, Inc. ("Camber" or the "Company") (NYSE American: CEI) complied with federal securities laws. The companys financial statements also warned of substantial doubt regarding the Companys ability to continue as a going concern.. Adrangi takes a very mathematical approach when researching companies. It should be noted that I am not a Financial Advisor, and this is not financial advice. Dear MULN Stock Fans, Brace Yourself for a Reverse Stock Split. Macroeconomic factors, such as inflation, weigh into Kerrisdales research process as well. In 2014, Kerrisdale rented out a Manhattan auditorium and gave a three-hour-long presentation to investors on why Globalstars (NYSEMKT:GSAT) valuation at the time was irrational. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w Initiating research coverage on long and short investments AST SpaceMobile, Inc. (ASTS) Unconnected from Reality. 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. 1125 N. Charles St, Baltimore, MD 21201. Buyer Beware! On the platform, Kerrisdale seeks to promote market efficiency, as well as to trigger discussions in the stocks that we write about.. There are 2 lawyers so far for investors who chose to seek damages. Ft. 1759 Carrera Cir, Medford, OR 97504. for 2024 and 2025, respectively. A company that dilutes its share count and relies on debt extensively for capital may not make the best long-term investment. Whalewisdom has at least 42 13F filings, and 8 13G filings. Sahm Adrangi, Kerrisdale's CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. 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. Add Space Explored to your Google News feed. Announcing the report with a series of cheeky tweets, calling the play absurd and littering the main points with emojis, the firm is flying in the face of what CEI bulls and meme traders alike want to see. Sign-up ? Along with the increased interest in stocks comes an increase in misleading information. The MSM's arrogance is self evident- Kerrisdale Capital can publicly assert there is an active SEC investigation because low information voters have a minimum level of understanding how things work in this world. 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. It results in capital gain . Kerrisdale later made a separate post stating that their information was incorrect. The deal also involved Firefly sending Astra engines to inspect. Subscribe to our free newsletter for updates and news about alternatives investments. 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 . Camber Energy: Do Not Ignore Its Recent Agreement Camber Energy Inc. (NYSEAMERICAN: CEI) Subsidiary Viking Press J to jump to the feed. SUBSCRIBE Recent Posts. Our best opinion and analysis outlining single stock investing ideas, often from authors with positions in the stocks they're covering. 2.5 Baths. The Upside Potential for SOFI Stock Is Limited. Create Email Alert, ***Log In or I haven't seen any lawsuits filed against anyone. By Sam Boughedda. Camber Energy (NYSE:CEI) is one of the newest contentious plays between Wall Street and meme traders, thanks to a short report by Kerrisdale Capital. The S&P 500 lost about 14% in the same time period. quotes delayed at least 15 minutes, all others at least 20 minutes. SEC form, multiple filers or classes of filers, and much more.***. Feb 07, 2018, 09:30 ET. Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. Adrangi first broke into the mainstream investing world in 2010 when he successfully shorted several fraudulent Chinese companies. CEI stock is currently down over 50% with the report. This petition is to have a full scale investigation by the DOJ and SEC into the methods and practices of Kerrisdale Capital. With the prevalence of online investing communities, interest in stocks has risen to an all-time high in recent years. Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. 100% agree. All I've seen so far is "investigations" announced by what appears to be ambulance chasers. Copyright NEW YORK, Feb. 7, 2018 /PRNewswire/ -- Kerrisdale Capital, a private investment manager, has published a negative report explaining its short position in Eastman Kodak . Compa Company updates, market commentary, case studies and other topics we consider worth . According to a well-informed source, however, at its current stage of development, the rate of Astras rockets failing may be as high as 1 in 2. (5/8) Nearby Recently Sold Homes. 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 Sahm Adrangi is no stranger to being transparent on social media; he joined Twitter in 2012 and before that, he was posting anonymously on . . Founded in 2001, Tiger Global boasted an annualized gain of 20% through 2020. Rocket Lab, Relativity, ABL, and Firefly all have plausible plans to produce 1,000kg+ rockets that will be entering the market in the near term; by contrast, Astra aspires to produce a 500kg rocket two years from now. . Camber or Kerrisdale? This QuickTake adaptation of our award-winning podcast, The Pay Check, focuses on the racial wealth gap. Since releasing the short report on Astra Space on Dec. 29, ASTR stock has declined by over 60%. All rights reserved. Kerrisdale has a creative and opportunistic work culture with a decentralized investment process. This launch was aborted early into flight. We recommend reading this report should you be interested in the full context. 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. articles a month for anyone to read, even non-subscribers! Kerrisdale Advisers is based out of Miami. 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. Sahm Adrangi - Founder & CIO of Kerrisdale Capital. Kerrisdale Capital - Sahm Adrangi assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey Thats especially true if you are invested in meme stocks. WE might as well add to it. Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. Feb 8, 2022 5:36 PM EST. Do NOT trust your money to them! Sahm Adrangi, Kerrisdales CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. Sahm Adrangi's Kerrisdale Capital has doubled down on its position in Luxoft, which is now 20% of the firm's portfolio. Astra is falling behind its competitors. Why Is Arcimoto (FUV) Stock Down 44% Today. This site is protected by reCAPTCHA and the Google. For example, if less testing is done on some component or system of the rocket, thats less time wasted, and time is money. 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). The Upside Potential for SOFI Stock Is Limited.