In the world of investment, a company can make or break depending on the assessment of an authority or a respected business review. In the case of what’s happening with Kerrisdale Capital and St. Joe Company, it is through the assessment of Sahm Adrangi of Kerrisdale that may define where St. Joe Company is going in the future.
The Assessment of the Underdeveloped Land
We can say here that St. Joe Company (NYSE:JOE) is one of the most ambitious real estate companies today. With its $1 Billion valuation in the Florida real estate community, it has earned a lot of promising valuations from the future stakeholders and supporters of the project. The company presents itself as a future leader in retirement home industry, with its large desolate property in Panama Beach city to be touted into a future business complex for retirees and various businesses alike. However, Kerrisdale Capital Investment has a lot of doubt for such assessment, since it can see that not much is happening right now in terms of developing the land of St. Joe. It is also seen to be inhabitable yet, and the time needed to transform this land to something commercial is too impossible to even consider.
St. Joe still has high hopes for such venture, though. It still invites investors and stakeholders to be part of their investment and to believe in the potential of the swampland. But according to a study done by Kerrisdale Capital Investment itself, there’s still minimal activity in St. Joe to give it the high hopes that it aims to get.
One of the officers in charge for such negative assessment on St. Joe above is the Chief Investment Officer of Kerrisdale Capital today, which is Sahm Adrangi. He is 33 years old and based in New York City, with a B.A. Degree in Economics from Yale University. Sahm Adrangi’s involvement with the assessment above of Kerrisdale Capital must be made in context of long-term ventures and should be seen as a commitment to event-driven cases that could affect the turn out of the company’s growth.