Seeking Alpha has a popular podcast called Behind the Idea. They recently interviewed Wall Street Hedge Fund Manager Sahm Adrangi who is well-known as a trader that often takes short positions on publically traded firms. On this podcast, they asked about his recent short idea and what types of advanced techniques he and his team at Kerrisdale Capital Management take when it comes to shorting stocks.
There’s been a lot of talk during this long bull market that hedge funds are out of style. The trend is towards index investing where you just own the whole market. Others espouse strategies such as quant or other mechanical approaches to investing. However, as Sahm Adrangi shows there is still plenty of room for a manager who analyzes stocks and companies and then selects among them. He says that he hasn’t had too much difficulty investing long in good stocks and shorting companies that he sees as not delivering.
One of the companies who stock Sahm Adrangi recently shorted is Proteostasis (PTI). He and his analysts went over this firm’s Phase 2 data for their lead drug candidate and saw some big issues with it. This company is trying to develop a drug candidate to treat cystic fibrosis. The lead drug candidate, PTI-428, claimed there was a 5.2 percent increase in lung performance shown in their latest clinical trial. He said this was nonsense and the drug barely did better than a placebo.
The Behind the Idea podcast series also talked about another one of his shorts which was St. Joe. This is a Florida land developer that owns a huge tract of land. The long-time plan for this land is to build a giant residential and commercial development. Sahm Adrangi looked into this land and found out it is desolate swamp land in the middle of nowhere. He says there is absolutely no viable way St. Joe’s plan for this land is going to ever be realized. He said that St. Joe was valued at $1 billion with much of that value based on this land. He sees St. Joe as being nowhere worth that amount of money.
Brazil is a country that is located in South America. It is in the northeastern corner of the continent, with an eastern border that borders the Atlantic Ocean. It the largest sovereign entity in South America, which is pretty obvious when you look at a map. The seasons are reverse because it is south of the equator. Some parts of the country are so close to the equator that the days almost have equal sunlight throughout the year; there is little change or variation in sunlight when the seasons change. Of course, because the country is so big, there are some parts of the country that do get more variation in sunlight.
There is also diversity in the landscapes. There are amazing beaches along the Atlantic Ocean with crystal waters. On the other hand, there are mountains with pine trees and grasslands. Of course, there are also the famous rainforests, with its vast array of exotic, and sometimes dangerous, animals.
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What is even more interesting is that the seasons are opposite to those in the Northern Hemisphere. For example, the coldest month in the temperate regions of Brazil is July, while the hottest month in those regions is January. This is perfect for tourists who crave to experience colder weather in the heat of July. Guilherme Paulus, a Brazilian businessman, has taken advantage of this by building a resort that goes by the name of St. Andrew’s mountain.
Of course, knowing that people commonly go to Brazil for its hot weather and beaches, Guilherme Paulus has built a resort near the beach in Natal, called Wish Natal. Wish Natal has been built by Guilherme Paulus on the beach to conveniently give patrons access to the sand and water. Natal is eternally hot and sunny—and Guilherme Paulus knows that anybody who wants such conditions, on-demand, can take a trip to that place any time of the year. The location is great because patrons can see the sun rise over the vast ocean. Such an experience is very inspirational and prolific—not many people can experience the sun rise over the ocean because most people do not live near an ocean.
Learn more about Guilherme Paulus: http://revista.turismocompartilhado.com.br/2017/11/22/top-seller-2017-guilherme-paulus-fala-sobre-empreendedorismo/
As a co-founder and principal of the Fortress Investment Group, Randal Nardone has seen the firm rise to the top through his vast knowledge in finance. He also serves as the CEO of the firm, and he has been in the management committee since 1998. He was later appointed as a director in the firm’s board of directors in 2006, and he has always put the successes of the Fortress Investment Group at the Forefront. He has used the knowledge he achieved in the various institutions of higher learning to bring development in the firm.
Randal Nardone studied at the University of Connecticut, where he acquired a degree in English and Biology. He later moved to the School of Law at Boston University, where he earned a Juris Doctor in the latter. Though he focused his education on different fields, Randal has always been passionate about venturing into the area of investment. Throughout his career life at the Fortress Investment Group, he has striven to work closely with his team of employees to achieve positive results. His positive attitude towards work is impressionable, and it has seen him win the hearts of many people. Randal is a leader worth emulating and his ability to critically evaluate every situation and challenges that he experiences at work has seen him make informed decisions concerning the firm’s operations.
After gaining interest in the field of finance, Randal Nardone started his career at the Blackrock firm, where he served as the principal. He showed a great passion towards his profession until 1997 when he moved out of the firm to join the UBS firm. At the firm, Randal Nardone served as the managing director. He later rose to higher ranks in his career when he stepped out to become a co-founder of the Fortress Investment Group. His commitment towards delivering the best saw him rise higher to become the firms CEO. Randal Nardone is a hard worker, and he is unstoppable when it comes to accomplishing his goals. He has entirely dedicated his career towards increasing productivity through the use of the modern methods of operation.
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When Sheldon Lavin joined OSI Group in the 70’s (formerly known as Otto & Sons) he came in with a plan and ideas. With a background in business and banking, his ideas were to expand and grow the business; and that’s exactly what he did. What was a small wholesale meat company became a worldwide leader in food processing thanks to his skills and ambition.
In 1909, what would become OSI was only a small neighborhood butcher shop and market. By 1928, the business had expanded into wholesale and the company became Otto & Sons. Its first breakthrough came in 1955 when McDonald’s became a franchise and chose the meat company as one of its main suppliers. As Otto & Sons grew, in 1973 the company eventually opened a plant dedicated to only producing meat patties and became an exclusive supplier for McDonald’s.
In 1975 the name was changed to OSI Industries and it shared its success with McDonald’s as the franchise expanded dramatically—thus needing more product. It was also during this time that Sheldon Lavin became a partner of the company and saw its potential. He began to push further for more expansion and steered it in the direction to success. Between the 80’s and 90’s OSI quickly expanded all over the world and began opening more plants in the U.S. as well.
Further expansion and Acquisitions
In the 2000’s and through Sheldon Lavin’s leadership, OSI acquired a produce venture in China. This business would push the company in a different direction, further than only being involved in meat products. From 2014 to 2016 the company continued to acquire more food plants and became involved in many joint ventures as well. The most recent and notable of acquisitions was an Illinois Tyson plant with a footprint of nearly 38 square miles. The massive plant was purchased for over $7 million dollars in 2016.
Sheldon Lavin and his drive
Sheldon’s drive for expansion didn’t come suddenly. As an investor and banker, his aspire to grow the company came almost naturally. When he began at OSI, he came in as a third owner; the other two parts belonging to the brothers who originally owned it. His leverage increased when one of the brothers sold his part to Lavin. At this time Lavin became 50% owner and had full suggestion privileges. These privileges allowed him to steer the company into unimaginable expansion and turn it into what it is now.
Robert Deignan is a highly reputable businessman who is based in America. People have learnt to respect him because of his numerous accomplishments in business. Robert is highly experienced in businessman. His academic background speaks volumes concerning his career in the corporate world. First of all, Robert went for this degree in organizational leadership from an institution known as Purdue University. By the time he was graduating from this prestigious university, the businessman was an excellent leader who knew how to handle the challenges that came his way. After working for several companies in the country, Robert Deignan felt that it was time to start his first company.
In 2011, Robert started a company known as ATS Digital Services. The institution specializes in technology matters. The company was founded in the year 2011, with his leadership, the organization has been growing significantly and winning the hearts of customers from many parts of the country. At the moment, Robert Deignan is serving as the chief executive officer of ATS Digital Services.
Just recently, ATS Digital Services announced to its customers in the country that it had managed to accomplish a great milestone. According to the news from reliable sources, the company has been certified by a prestigious institution that is called AppEsteem Corporation. The institution is currently the first call center in the country to be certified by the corporation. With this certification, the organization will be allowed to offer premium support services to most of the consumer software apps.
AppEsteem Corporation is very popular in the American market. The organization was started and brought into the market by a team of experts in Microsoft Cybersecurity. The company has been offering excellent support services to the companies in the technology department. Robert is a very excited professional following the new milestone. Deignan believes that this will be just the start of achievements for his company. The businessman has done a great job when it comes to handling the leadership of his company, and this is why it has been moving higher in the corporate world. His excellent personal features have made the company proud.
Shervin Pishevar used social media to express the deep concerns he has about the US economic situation in February 2018. He tweeted 50 points in 21 hours addressing immigration, bitcoin, bonds, and more. He had some grim predictions for the stock market, big US companies, and big funds.
The last time Shervin Pishevar used Twitter, he announced that he would be resigning from Sherpa Capital. This is a venture capital fund that invested in Munchery, Uber, and Airbnb. He got his start in the Silicon Valley area and has seeded at least 60 companies. He has been recognized for some of his work, even being awarded the Ellis Island Medal of Honor in the year 2016.
One of the concerns that Shervin Pishevar expressed in his Twitter rant had to do with Silicon Valley no longer being the modern Rome that it once was. It has lost its exclusivity and no longer is the stronghold on ideas and talent. He mentioned that the US is building physical and cultural walls to keep immigrant talent out, but he says that this talent does not need to come to the US anymore. Entrepreneurship is a movement that has gone viral. One of the examples that he gives is of individuals in China building a train station in less than 10 hours.
He had particularly ominous predictions for the stock market, saying that he expected it to go down an aggregate 6,000 points in 2018. He also had dark predictions for big companies like Google, Microsoft, and Apple. These big companies are able to buy out small startups, which is bad for the overall economy. He talks about how they should fall because that is the way evolution works.
Shervin Pishevar mentioned that currency is the ultimate app. An entrepreneur can raise capital in any way they want using any kind of currency. Since small companies can use unique capital, they can spur the economy onward. This means that governmental and financial institutions are facing a reckoning of irrelevance. The shift has to do with a revolution in stateless digital currencies. According to Shervin Pishevar, this will be unleashed over the next few decades.
Louis Chenevert served as the Chairman and the Chief Executive Officer of United Technologies Corporation for a time, and he did good work while he was working for that company. He worked hard for UTC, giving to that company each day that he was on staff for them. He found that focusing on operational talent was something that was important when he was working for UTC, and he focused on that each day. He also found that focusing on engineering was something that he had to do so that he could handle his work well, and he focused on that, as well.
Interesting development in the aerospace sector: https://t.co/9xzKKNQ3sH
— Louis Chenevert (@louis_chenevert) February 20, 2018
Louis Chenevert helped UTC to grow because he was willing to invest in technologies. He was able to do big things with the company because he looked toward the future. He focused not only on what he needed to do to help the company right away, but he did things to help the company as it went into the future. The things that he did for the company are still affecting both it and the economy.
There are some who are eternally optimistic, and that is something that Louis Chenevert is essential to being a good entrepreneur. He also believes that being a focused individual can help a person to find success with any venture that they undertake. He believes that a person has to be passionate if they are going to make it. A good entrepreneur is all three things, according to this man, optimistic and focused and passionate.
Louis Chenevert believes that it is important to put together the right kind of team if a person is hoping to run a successful company. He believes that it is important to encourage and appreciate that team. He also believes that it is important to make customers happy and to give them what they want.
Just like everything else in the world, entrepreneurship has evolved with time. Back in the day, entrepreneurs ventured into business with the urge to become their own bosses and with the aim of positively impacting their communities. Things have changed in the modern world because millennials now choose entrepreneurship for reasons like improving their own lives and for fame.
To succeed in the world of business, entrepreneurs have to be persistent, dedicated to finding solutions to problems, transparent and inquisitive. They have to take risks and also listen to people’s advice that benefits their businesses. Moreover, entrepreneurship has its challenges and hence to succeed, failure and rejection are setbacks they must go through to learn more and to survive through fear by accepting rejection. You can visit Medium to see more.
George H. Bucher envisioned smart homes in an article that talked about technological advancements that would change people’s homes. True to his word, technology has not only transformed homes but the whole world. Through the combination of technology and real estate, smart homes emerged. They use mobile or desktop computers connected to the internet to control house equipment like lights, locks and cooking appliances making life more comfortable. However, these smart homes have their share of shortcomings. Since they are equipped with voice technology and programmed to react to specific voice commands, it becomes a challenge to use for those with speech problems and those with foreign accents.
About Todd Lubar
Todd Lubar is a businessman working in real estate. He holds position of Senior VP at Legendary Investments and is currently the president of TDL Global an investment firm that produces the best homes. He graduated from Syracuse University with a B.A. in Speech communication and first worked at Crestar Mortgage Corporation from 1995 to 1999. He has also worked at Legacy Financial Group.
Lubar actualized Bucher’s vision by using his knowledge and experience to convert abandoned structures into smart homes. He is also an outgoing person who believes that hard work is key and wants to change the world for the better. You can visit his about.me page for more.
Making a food processor into a corporate giant isn’t an easy thing to do. In the early days of this industry there were countless meat delis competing for local markets, but OSI managed to come out of that market and make a name for itself as one of the most profitable meat processors around today. That is all due to the hard work of Sheldon Lavin and his efforts to make OSI into a global empire. With his vision the company has emerged as a billion dollar privately owned corporation with holdings across the planet and no sign of stopping.
Sheldon Lavin’s work at OSI began with finance. He helped OSI realize they had the potential to go much further than they had if they decided to focus on purchasing foreign meat processors. These moves helped OSI supply fast food chains looking to expand into foreign markets in need of a source of protein. As a major source of protein it was clear that OSI was on its way to taking out the competition from any corner of the market, but that wasn’t enough for Lavin. He wouldn’t be satisfied until OSI Group was a tour de force operating in every possible food processing niche.
Lavin has expanded OSI to include frozen vegetables and frozen dough as well. This gives the brand the ability to handle every aspect of the fast food supply chain out there. They can supply an entire pizza chain, a coffee shop, and just about anything else that comes their way. Few companies have something even close to that. The versatility of OSI has put them leagues ahead of their competition and created an empire none can touch. They are the largest provider of protein in the world without a question.
OSI has proven itself to be incredibly resilient in its survival. Most companies are not able to last 100 years nor do most companies come close to the titles that OSI has obtained. Sheldon Lavin was able to do this because he values his employees and he refuses to let anyone tell him that his works aren’t important or that he should lower his expectations. As such, OSI continues to thrive and has the potential to last much longer as its worldwide growth continues. It takes great minds to grow a corporation and that’s exactly what seems to have happened with the growth of OSI.