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.
Huffington Post rebranded their name to HuffPost in early 2017. The chief editor Lydia Polgreen stated that the change was geared towards encompassing the entirety of the platform’s mission. She explained that unlike in the past where a select group received the limelight from the platform, HuffPost will air the concerns and viewpoints of the minority. The change is concurrent with Bob Reina’s intent to market his firm, Talk Fusion.
On April 24th 2017, Bob Reina’s article expounding on the importance of creating a brand with purpose was published by the platform. The publication took place a day before the official rebranding of the forum. His second article was aired on the first morning as HuffPost, entitled, How To Thrive in a Society of Quitters.
Bob Reina is a regular writer on HuffPost whose works are dated older than the date of the rebrand. He explains that he enjoys inspiring the spirit of success in society by sharing the journey of setting up and running Talk Fusion. Bob is a serial entrepreneur with a keen interest on technological innovations. In combination with his passion for philanthropy, Bob Reina is a well of knowledge for individuals seeking to expand their knowledge in the field and sustain a thriving business. He stated that he casts himself the responsibility to improve the world by honing the innovative and visionary spirit of society.
Since Bob Reina began writing on HuffPost in August 2016, he has amassed a seemingly large following who subscribe to his forum for articles on marketing, entrepreneurship, lifestyle, video marketing innovations, self-improvement habits and effective marketing. Bob is enthusiastic about writing on HuffPost and expressed his excitement at continuing to share his work with the platform’s 200 million audience.
Talk Fusion is the recipient of a couple of internationally acclaimed awards that honor its contribution in marketing using technology. Their winning product is the All-In-One Video Marketing Solution that is currently available in 140 nations. The firm has a powerful marketing team that informs prospective buyers on the perks of the application and offers a free 30-day trial. Bob Reina has stated that he is working closely with the tech staff to produce edgy products that are ahead of the curve. Learn more: https://www.youtube.com/user/TalkFusionOfficial