Short sale, is the fine art of borrowing stock, selling it, then buying it back when the value goes down and then giving it back to the lender you borrowed from. The difference between the two is the profit. Off course, all this depends on the faith and ability to find stocks that you are sure will go down in value. Otherwise, you are looking at owing money. Some people have a knack for it and they go on to have successful careers doing short sale, also known as betting against a stock. One such person who comes under that category is Mr. Adrangi.
Adrangi is a graduate of Yale and after completing his education he wasted no time networking with other finance professionals to land good jobs. In fact, he managed to land an internship with none other than Deutsche Bank. He worked in the loan debt financing department at this institution. He proved himself enough to continue working there for a few years. Hungry for a more diverse experience he jumped ship and landed a job with Chanin Capital Partners. From there he went to work with Longacre Management.
After working for Longacre for a number of years he decided to go out on his own establish his own company, and that is when he founded Kerrisdale Capital Management. It is after starting this company Sahm became known for his short selling ability. He is also credited with exposing some fraudulent companies based in China. These were China-biotics and China Marine Food Group and several others. Some of the companies he went after were subject to disciplinary action by the Securities and Exchange Group.
In their quest to short sell, Kerrisdale does research on a number of companies.
However, these days Kerrisdale are concentrating on a few areas such as biotechnology, mining, and telecommunications. In fact, Kerrisdale has even published their thoughts on certain companies such as Dish network and Globalstar. Kerrisdale Capital Management is based in New York and they continue to thrive in short sale of stock.
For more info: www.linkedin.com/in/sahm-adrangi-3548541