Sahm Adrangi Remains Intent on Shorting St. Joe’s

Today, Sahm Adrangi is the Chief Investment Officer of Kerrisdale Capital, but it was in 2011 that he burst onto the investment scene by shorting several prominent Chinese companies, while also exposing their fraudulent practices. In a recent report, Sahm Adrangi and Kerrisdale Capital set their sites on St. Joe Company, which was recently given a valuation of $1 billion. In Sahm Adrangi’s report, he cites much of the land owned by St. Joe Company, as “over-valued and over-hyped,” as the majority of the land is separated from the prime real estate locations of the Panama Beach area. According to Sahm Adrangi’s assessment, St. Joe Company is 40 percent less valuable than what is being publicly projected. While this possibility presents a major blow to the shareholders of St. Joe Company, a number of new issues regarding their primary shareholder, Fairholme Fund, as well as the longstanding stagnation regarding commercial development, complicate the whole of the problem exponentially.

St. Joe Company was recently given this high valuation due to the potential of their plan to commercialize the Panama Beach area, building a new retiree destination. The major is issues lies in the fact that, much of the land to be commercialized by St. Joe Company, is swampland located in remote areas. These areas are not likely to be commercialized in the near future, and much of St. Joe Company’s prime real estate, has already been used.

Fairholme Fund currently owns 22.7 million shares of St. Joe Company stock, making them the largest shareholder. New regulations implemented by the Securities and Exchange Commission will require that 10 million of Fairholme Fund’s St. Joe Company shares, be liquidated. According to Sahm Adrangi, this liquidation process would need to be completed by December 1, 2018, but with the number of trading days left on the calendar, this would be a virtual impossibility without affecting the share price of St. Joe Company. The role of Bruce Berkowitz also presents a major problem for St. Joe Company, being that he is both, the fund manager of Fairholme Fund, and the chairman of the board at St. Joe Company.

https://endpts.com/kerrisdales-sahm-adrangi-leads-a-brutal-new-biotech-short-attack-as-trial-results-loom/

Daniel Taub And His Final Interview As Ambassador

The title of Ambassador commands much respect in the halls of government. That is because the Ambassador is the highest ranking official another country can talk to outside of the Head of State. When an Ambassador speaks, it is as though the Head of State is speaking himself.

For Israel’s Ambassador to the United Kingdom, Daniel Taub, the title of Ambassador was a lifetime in the making. Born in the United Kingdom in 1962, Ambassador Taub never strayed far from his Jewish roots.

Even though it would be years before he would see the country that would make him Ambassador, Daniel Taub seemed destined to rise through the ranks of Israeli politics. Read more: Daniel Taub | LinkedIn and Daniel Taub | Ideamench

In his final interview as Ambassador, Daniel Taub talked about his accomplishments during his four years of service. One of the Ambassador’s proudest feats was strengthening the relationship between the State of Israel and the United Kingdom.

During his term, trade between the two countries increased by $3 billion dollars. And trade is often considered one of the most critical barometers when it comes to a country’s relationship with another state.

During the interview, Ambassador Taub also talked about the complicated situation in the Middle East. In particular, the Ambassador discussed the prospects of a nuclear-armed Iran. Ambassador Taub insisted that Iran should not have nuclear weapon’s capability and that the State of Isreal would do what it can do to protect itself.

While Ambassador Taub did take a hard stand on Iran, he was open to working with other Middle Eastern countries. The Ambassador also talked about how the United Kingdom was critical in helping to foster negotiations between the countries.

Daniel Taub was educated in the United Kingdom during his secondary and college education and then attended Harvard University in the United States. After graduating from Harvard University, Daniel Taub served in the Isreali Defense Force (IDF) and later in the IDF reserves as an International Law Officer. Learn more about Daniel Taub: http://askreporter.com/2017/09/religion-should-have-a-place-at-the-negotiating-table-says-israeli-negotiator-daniel-taub/ and http://frenchtribune.com/avis/25611-ambassador-daniel-taub-unravels-balfour-declaration

Daniel Taub began his political career at the Israeli Foreign Ministry. During his time in the Ministry, Mr. Taub worked in Middle East negotiations. In 2011, Mr. Taub would be named Israel’s Ambassador to the United Kingdom.

He would serve in that role for 4 years. Today, Daniel Taub is a media writer for various Newspapers and TV outlets.