Sahm Adrangi Addresses Various Investors during the Short Selling Conference

In business, legitimacy is of great importance. However, some companies always participate in fraudulent activities. All in all, the world of investment is quite dynamic, and multiple investors around Wall Street have decided to come together and address the various dynamics that have befallen the short selling industry. Well, the investors came together during a conference, and they were addressed by various renowned investors among them being Sahm Adrangi, the founder of Kerrisdale Capital.

Background Information

Adrangi is a renowned investor since he was able to turn Kerrisdale Capital from a $1 million business start-up to a company that is handling more than $150 million in terms of assets. Far from being an investor, Sahm Adrangi is well known for exposing companies that engage in fraudulent activities. For the record, he has been able to expose various Chinese companies among many more. As a man who always champions for legitimate practices when it comes to business, Adrangi aimed at shedding the limelight on Ad fraud opportunities.

Additional Information

Well, Ad fraud opportunities are quite enticing to investors. Nevertheless, Sahm Adrangi decided to engage the investors by explaining more about fraud and various short-lived investment opportunities. Although Ad fraud is a practice that companies should work hard to defeat, this type of fraud has its various advantages since investors can work their way into making the company’s stock has a significant value that will favor them. Nevertheless, such tactics are only suitable for short-term investments. That is why Adrangi insisted on the importance of fighting fraud in every way possible since the bigger picture is what matters most when it comes to the world of investment.

Sahm Adrangi was able to address the crowd that was present. Additionally, he was also obliged to listen to what David Einhorn had to say during the short selling conference. David Einhorn currently serves as the president of Greenlight Capital, a company that he founded in 1996. As a man who has significant expertise and experience when it comes to the world of investment, his speech would be of a great significance.

Overview

Sahm Adrangi’s speech shed light on the importance of fighting fraud through all means possible. For instance, Ad fraud leads to the stock of various companies being over-valued. Such malpractices are not suitable for business, but by fighting fraud, legitimacy will always have its way.

http://fortune.com/2016/04/21/sahm-adrangi-kerrisdale-short-sale/

GreenSky Credit Files for Potential IPO

Unlike other similarly-founded companies like Uber, Stripe and Credit Karma, GreenSky Credit, which was founded by David Zalik, is seeking public funding and support much more quickly than other Silicon Valley start-ups. Filing for an IPO that could garner between $1 billion and $5 billion, the company is potentially seeking a route that others have previously put off as long as possible.

GreenSky Credit offers financial assistance for home improvement projects in the form of loans that are actually held by banking partners such as SunTrust and Fifth Third. GreenSky Credits, while at lower risk due to this type of arrangement, still profits due to the banks’ willingness to pay the company for the relationships with clients it can bring to them.

Those looking to apply for a loan with GreenSky Credit can have an answer almost instantly by filling out a form on the company’s mobile app. GreenSky Credit’s system and ease-of-use has been noted by bank founders as being simple and “frictionless.”

The company managed to avoid the need for public funding for nearly a decade due to Zalik’s willingness to use his own Atlanta property as collateral to arrange for his own debt that has since paid off plentifully. In doing so, he managed to maintain nearly all majority ownership of the company, which could potentially change if an IPO is decided on for the company.

GreenSky has also managed to survive recent turmoil for other lending companies relatively untouched. LendingClub, which is another company that offers similar services, has seen falls of 86% since its public debut. Another company, OnDeck, has fallen 82%. This is all due to the fact that LendingClub admits to having given loans to investors that did not match certain criteria they had set in place initially. This took place in 2016 and the companies are still feeling the fallout.

The fate of GreenSky is still unknown should Zalik choose to move forward with an IPO, however there is still a chance he could decide to maintain the privately-funded status of his company for another few years until the need for public funding increases again.

 

https://www.glassdoor.com/Reviews/Greensky-Reviews-E937061.htm

https://www.greensky.com/home-improvement-loans/