Recently, Sahm Adrangi reached out to the owner of Seeking Alpha. The writers article “An Ode To Those Who Wander Piece” intrigued the trading expert. He revealed that he had been enjoying various articles written by the author. Sahm Adrangi posited that it was the ideal time for the two to meet and talk about their investment strategies.
Seeking Alpha has done a lot of research on GNC stocks and has written loads of beautiful articles on the same. The articles are meant to advice investors on making the right investment decisions about GNC’s stock. Both Seeking Alpha and Sahm Adrangi have invested in the stocks. Sahm made his bet recently.
The two met in the recent past. Sahm sought to know more about the writer’s research and provided him with his research on the company. They agreed that although GNC shares continued to dip, it would soon rebound and give investors loads of profit. They further agreed that as the shares drops, they would acquire more shares considering that they were becoming cheaper and more profitable as the prices rebound. In addition, the two investors talked about Northern Dynasty. In the last few days, they have been aggressively adding shares with the objective of buying back their positions. The company’s shares have been trading at $1.40.
About Sahm Adrangi
Sahm Adrangi is a New York City-based entrepreneur, trader and former hedge fund investor. He is the chief investment officer of Kerrisdale Capital Management. Sahm founded the investment company in 2009 with only $1 million. The company has since increased the value of its portfolio to over $500 million.
Adrangi made a name for himself in the financial industry in the 2000’s by shorting stocks of the companies that he believed were involved in fraudulent activities such as China-Biotics, Lihau International and China Marine Food Group. Most of these companies are currently under investigation for fraud. Sahm Adrangi has since embarked on growing Kerrisdale. He uses the company to help clients enjoy good returns from their investments. The trader writes financial columns for different media houses such as the Washington Post and the New York Times. Kerrisdale Capital Management’s offices are in New York City.