In support of the short position taken by Kerrisdale with regards to St. Joe’s ambitious real estate plans, the investment company has issued a negative statement on the realtor. The report comes amid St. Joe Company’s surge in popularity that has seen the stock price quadruple. These developments have ignited optimism in the face of developers and led them into believing that the company might be heading in the right direction. Kerrisdale, however, casts serious doubt on St. Joe’s operations as well as the sustainability of the company’s business module.
The red flags
Kerrisdale goes ahead to highlight some serious investment pitfalls that every investor should carefully interrogate before committing their capital to the company. For instance, Kerrisdale points out to the fact that one of Quinstreet’s biggest investor, Fairholme Funds with a 30 percent stake in the company, might end up slicing this stake by half. The majority shareholder was recently forced to adhere to SEC liquidity rules thereby exposing the rest of St. Joe investors to the uncertainty of forced selling. Kerrisdale believes that the move might see the company’s stock price fall by more than 40 percent.
Additionally, QuinStreet has made little effort to prove its capability to enforce its master real estate plans. Channel checks by Kerrisdale point to the fact that the investor has made no significant efforts in enforcing their St. Joe land development proposals initiated close to a decade ago. Investors should, therefore, prepare to wait for returns.
The delays experienced with the development of the interior lands by the company cast a big shadow of doubt on the achievability of their now ambitious Panama City beach plans. Investors should note that a huge chunk of the Panama City Beach property lies in desolate and swampy areas. Its monetization is also based on an overly ambitious and its realization would only be feasible if the investment company sold more units every year for the next five decades in the district that were absorbed by the larger Panama market in 2017.
About Sahm Adrangi of Kerrisdale
Sahm Adrangi is the founder and Chief Investment Officer of Kerrisdale capital, a New York-based private investment firm. He is Yale University Graduate with a bachelor’s in economics. Before starting Kerrisdale, Sahm Adrangi worked as a manager at Longacre Fund Management as well as a bankruptcy restructuring specialist at Chanin Capital Partners.
Sahm Adrangi is known for being vocal about fraudulent companies. He uses his extensive knowledge to short them. However, just like he did with St Joe’s company, Sahm Adrangi does not just make up stories or claims of suspicious activities. Instead, he takes time to research widely before he can shortlist a company. He also publishes the information at Kerrisdale capital so the public can get access to it.
Every human being has a dream and purpose for him or her. Nobody wants to die like a cockroach, but they would do something and leave a legacy behind. Mostly, people use their talents and passions to decorate their future and the future of others. Everyone who leaves the world gets remembered by the image or story he drew when alive. Ian King has devoted himself to doing something great for the world. Follow Ian King on Twitter.
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Ian King was born and grew up on the Jersey Shore. He never started from where he is but has a story to tell. He began as a lifeguard at a very tender age then at nineteen years he became the captain of the busiest beach in Belmar. Ian watched and enjoyed seeing people swimming and noticed that some were children who were swimming closely to the shore. Ian started saving people through his first carrier as a lifeguard and would rescue a lot of people in a day especially during the summer time.
Ian King sees these moments as the bedrock for what he is doing now, in that, he started learning tools and skills that have created in him more interest and concern in trading. After college, he joined Salomon Brothers in the famed mortgage bond trading department. He also worked with credit derivatives and peahi capital. Ian became impatient to see men making millions and the desire to make his own boss grew tremendously. He later discovered cryptocurrencies which steered him to be an investor.
Ian has invested in cryptocurrencies for long enough, and he owns relevant experience in analysing the financial markets. He is also an entrepreneur and has a passion in providing solutions to problems. He contends that every investor needs to be confident and trust in his or her instincts as he plans everything. King has used his innovative abilities to uplift other new investors in the market. He uses crypto assets such as bitcoin, ripple,litecoin, and Manero.
Ian King is now an editor at Banyan Hill and has not concealed his abilities in investing in the crypto currency, but he is using these skills to steer forward the success of Banyan Hill. He is an expert in crypto assets and claims not to be perfect, and so he would spend the rest of his time digging deep into this investment and better the best. Ian is a leader and a mentor too. Visit: http://www.talkmarkets.com/contributor/Ian-King/ for more info.
Matt Badiali recaps the rise and fall of metals in recent history, giving foresight into the future prospect of metals.
The mining industry survived a brutal 6 years of metal prices plummeting, with the exception of some metals whose prices rebounded in 2017. In order for the prices of any commodity to rise it needs to apply the formula in which the demand exceeds supply.
In certain instances, such as the case of zinc, a lack of investment caused the supply range to fall below demand. Copper, is another example, whose price went up 27% since early 2016. Logically, this will be another metal whose supply will struggle to meet demand.
Deducing from his astute observation, Matt relays that 2018 will see the rise of another metal’s price. This metal happens to be platinum. The price chart of platinum features data compiled over the period 6 years, from 2011 to 2017.
In 2018, it wouldn’t surprise me to see platinum prices rise 25%. Here’s why…#Platinum #copper #Zinc #miningindustry #PreciousMetals #investing #commodities #markets #banyanhill $PLAThttps://t.co/ExzrvFilKF pic.twitter.com/2DzfDzmXuR
— Matt Badiali (@Matt_B_Guru) December 22, 2017
The chart demonstrates a steady decline from 2011 to 2016. The price dropped by more than 50% in 2016. This was followed by a brief rebound in 2017. Then the price fell to its lowest of 2017.
So, why, according to Matt Badiali, would this trend for platinum change in 2018? He cites a simple answer to this question: supply cannot keep up with demand. The World Platinum Investment Council reports that the year 2017 will end leaving a deficit of around 15,000 ounces. The council also expects the supply and demand gap to widen. The demand for platinum in 2018 will rise by 2%, while the supply will fall by 1% amounting to a deficit of 250,000 ounces.
This kind of a deficit was enough to put off platinum sellers in the past. A lack of significant increase in price left no incentive for sellers. This ultimately brought down supply. This is one reason why Badiali expects platinum price to rise in 2018. The other reason is sentiment. As aforementioned, the reason why copper prices shot up in 2017 was because electrical vehicles were perceived to raise copper demand. Essentially, the price of copper rose because of perceived demand.
While platinum’s demand fell because of the Volkswagen scandal. Since platinum’s main commercial use is in diesel catalytic converters, its value went down when the company admitted to false diesel efficiency. The fall of Volkswagen’s perception directly affected the price of platinum. Investors withdrew from investing in it because of perceived decline in platinum in the coming days.
However, platinum is still rare compared to other metals and since, most of the existing mines are running out — this will spur demand. In addition, Europeans prefer diesel cars, which will further raise demand, altogether changing platinum’s fortune in 2018. Based off this analysis, we can expect the price to rise up to 25%.
Matt Badiali is known as an investment strategist in metals, energy, and natural resources. He has experience in exploring and interacting with many CEOs in different countries. He also writes for a newsletter, Banyan Hill Publishing, about resource investing and much more. His speculative interest in science, finance markets, and companies enables him to gain knowledge and understanding at depth.
To know more, Visit:https://mattbadialiguru.com/
Ted has talked about mistakes that one should avoid while planning on their retirements. In his article, he distinguishes the difference between price and value. He insists that one should consider value when planning on their retirement rather than price. This is because the value of an asset cannot be compromised as price can.
Ted also advises on giving priorities to one’s life. He says that these priorities should be paid more attention than other aspects of life. They should act as the strategies that give life a direction and a purpose. In his opinion, one of these priorities should be the retirement plan since at some point, everyone is going to retire.
In his argument, Ted Bauman points out that the valuable assets one has adds up to their net worth. It is this value that helps a person to have a comfortable retirement. Upon retirement, one can then convert his valuable assets to money which they can use for the rest of their lives if they had invested wisely on valuable assets. This is done by selling the assets to the younger generation who are building their lives.
— Ted Bauman Guru (@Ted_B_Guru) November 27, 2017
He adds that basing one’s retirement on the price value can be frustrating and may lead to mystery after retirement. This is because price keeps on changing and it may drop in its value after one has retired leaving them with very little to survive on. This in return may lead to poor health due to stress on how to survive without a source of income.
Check this article at Bloomberg.com to know more about Ted Bauman
According to the current inequality, Ted notes that the younger generation is no longer in a position to buy assets from the older generation and the number keeps on increasing. Thus, homes that are taken for granted should be well maintained and taken care of as their value will continue rising as years pass.
Currently, Ted serves at the Banyan Hill Publishing as the editor of Alpha Stock Alert, The Bauman Letter and Plan B Letter. He is a full time writer and researcher who have spent his life in reaching out to people, helping them to live better lives. Read more about Ted Bauman at Ezine Articles
He acquired his higher education in South Africa in Economics and History, postgraduate degrees at the University of Cape Town. He then had his career life in South Africa for 25 years where he served in nonprofit organizations in executive positions. Ted has helped people living in low cost housing in over 35 countries all over the world.
Investing in different countries is a very risky endeavor that is only meant for those who have a high threshold for risk. For example, a country that many businessmen have been turning to is Brazil. With a growing economy that has been very positive in the recent years, this country is a great place to explore when it comes to financial sectors.
An individual who has had a chance to invest in many countries, Igor Cornelsen has narrowed some of the important tricks of the trade for those looking to follow his footsteps. The following advice reflects the opinion of this investor.
Read more on Brazilian Investment Star Igor Cornelsen Has Three Tips To Help You Retire in Florida Just Like Him:http://reporterexpert.com/brazilian-investment-star-igor-cornelsen-three-tips-help-retire-florida-just-like/
Establish a Connection with the Locals
The booming economy of Brazil has given birth to many entrepreneurs that are native to this area. According to Igor Cornelsen, one-fourth of all the population of Brazil aged 18 to 64 are businessmen. This is more than enough to create a solid group of people who have the same goals as a newcomer looking to profit. Furthermore, people from Brazil are well known for being open to new ideas and outsiders.
Know the Currency Restrictions
Brazil does not use the same currency as most of other countries in the world. This means that a foreign investor will have to exchange their funds into the local currency. The problem, however, arises when an individual tries to convert their funds to a very strict market that uses different exchange rates. Failing to do an appropriate amount of research could easily facilitate additional costs to the investor which is not the most optimal scenario.
Since Brazil’s economy is in an upright motion, the lawmakers are expectedly trying their best to keep the profits available to the locals. This means that there area heavy regulations that aim to keep people who were not from the area out of it. A potential investor should be aware of the forever-changing nature of these regulations as they will play an important role.
One of the most important things that one should do before heading over to Brazil is to get to know at least a few Brazilians. As mentioned before, besides the large business-oriented population, knowing people who are originally from the area reduces the chance of getting lost in translation. This means that people will be more likely to avoid cultural differences and grow their investment faster.
Thorough research is also important as Brazil might have one fo the most restrictive workforces in the world. Cornelsen advises people to be well acquainted the Central Bank of Brazil as this is the institution that can affect the exchange rates at any point. Ultimately, one should know that there is no free money in Brazil.