Sahm Adrangi finally gave a report on the online traffic caused by the QuinStreet Inc., along with its affiliated websites. QuinStreet Inc., is a company that is making millions of revenues from the concept of creating some traffic online. By clicking various links or filling some online forms, users cause some online traffic as required by the company the firm can earn some revenue.
The revenue for the company has entirely grown from a single client, besides the fact that the firm has overlooked the management silence, to a huge client base. He also stated that QuinStreet is a renowned low-quality organisation featuring a flawed business model.
According to the New York, April 11, 2018 Newswire, Kerrisdale capital published its negative report regarding its entire short position in QuinStreet Inc., is an internet marketing firm that has faced several stock price changes for the last few years. Many investors are very optimistic that the company is finally achieving its set goals. Nevertheless, Kerrisdale poses a serious doubt regarding the sustainability and quality of the business of QuinStreet Company. He says that the company has benefited much from sham web traffic.
About Sahm Adrangi and Kerrisdale Capital Management
Before founding the Kerrisdale Capital management, Adrangi was a renowned investment analyst at a company called Longare Fund management. It is a private investment under a partnership deal. The company features 1.2 million dollars of assets which are allocated across an equity fund as well as on a flagship distressed debt.
Before he had joined Longacre, Sahm Adrangi worked for the Chanin Capital Partners in bankruptcy structuring department. In his role, Sahm assisted in advising various creditors in chapter 11 bankruptcy and out-of-court restructuring. His core responsibilities included representing the bondholder committee, debt holders, and various equity committees along with other creditors of the bankrupt companies or distressed companies.
His new company, Kerrisdale capital, is an investment management company that is situated in the New York. Kerrisdale now manages over 300 million dollars focusing on long-term investments as well as particular event-driven situations. The company takes pride in its ability to share its ideas with the entire investment community via its incredible websites along with other third party websites. Sahm Adrangi founded the company in 2009.