Kerrisdale Capital, a private firm founded by Sahm Adrangi, released a negative report about St. Joe Company. Headquartered in Watersound, Florida, St. Joe Company is a land development firm whose operations revolve around managing a wide range of products. Residential, commercial, forestry and rural properties are some of the products under the firm. Currently one of the company’s plans is to develop a desolate land near Panama City into a desirable area for retirees and entrepreneurs.
On the flip side, it is unlikely that St Joe Company will develop the property according to its valuation of $1billion dollars. A bulk of St. Joe’s properties is located in remote, swampy and desolate areas. This totally contrasts with the beachfront property, the firm just monetized. In order to justify the situation, the firm assumes that more than 2600 houses and 400,000 square foot of space are sold annually for 50 years. If all of this happens, St. Joe’s retirement district would be the top-selling community in the United States of America. It will also mean that more of the firm’s real estate would have been sold than absorbed in the Panhandle market.In reality, there has been minimal activity on the properties under St. Joe Company.
Furthermore, according to Kerrisdale Report, there was very little activity in terms of building requirement inquiries and any other signs of development. Sahm Adrangi, the founder of Kerrisdale Capital, went on to add that St. Joe’s Company investors have been suffering for a long time as they wait for progress. He also said that they would have to wait even longer as the firm attempts to develop the property at a reasonable pace.
Sahm Adrangi is an alumnus of Yale University from where he graduated with a Bachelor of Arts degree in Economics in 2003. Throughout his career, Sahm Adrangi has been a good entrepreneur and made a significant impact in the American corporate world. It was in 2009 that he founded Kerrisdale Capital. Kerrisdale Capital is a firm that deals in long-term investment options. Sahm Adrangi also happens to be the firm’s, Chief Investment Officer. He has also made a name for himself in the banking sector and in exposing fraudulent companies.
Michael Hagele, a general counsel for several internet companies who are backed by venture capital has handled the legal ramifications of intellectual property, mergers and acquisitions, varied employment issues, and corporate governance.
As a graduate of the University of California at Berkeley, Michael put his law degree to work as a part of staff in the Licensing and Online Commerce division of Fenwick and West LLP, a Silicon Valley company. Due to this experience, he has become a trusted voice in licensing and developing and negotiating commercial agreements in the technology field. Follow Michael on Twitter.
Michael Hagele’s legal background and knowledge of the innovations in the tech world has led him to be a savvy investor. He has wisely found a company whose application helps identify the best use of funding. Non-profit companies are using this application to assist in potential growth through the funding identified by artificial intelligence and can avoid pitfalls when gauging potential impacts and outcomes for future funding. The AI, artificial intelligence, trend appeals to Michael Hagele with regards to the learning capability of the machine which lends itself to the discovery of and the clarification of unknown or unclear concepts of a program’s impact. Algorithms created in the application will distinguish certain sets of data. Recognizing those ties between sets of data appears to create the possibility of program expansion and being cost-effective.
Michael Hagele has found that working directly with his clients as an individual, his clients are better served. His clients want high-quality, yet affordable service due in part to the sometimes unpredictable technology market. He regularly advises his clients to look towards equity participation rather than salary or immediate profit share in order to gain a successful path to growth.
Despite his clients being local and international, Michael finds the time during his busy day to explore nature on his mountain bike to clear his head and often returns to his office with renewed creativity and refreshed from the exercise. Breaking up the day in this manner has proven to be beneficial to his overall health and the outlook on his relationships with his clients. Check: https://www.instagram.com/michael_hagele/
The battle of the bottled water brands is in full-effect and there are frankly too many brands that are aiming for that coveted top spot. In all honesty, the market is fully cluttered with brand after brand. Some brand are good and some brands aren’t good. Can you imagine the amount of leftover plastic bottles that are littered on earth’s landscape? Did you know that an estimated eight million tons of plastic was dumped into the oceans over a year’s time? Over 50 billion plastic bottles were used last year, but only 23 percent of the plastic bottles were recycled. That’s surely a huge discrepancy.
Waiakea, a popular bottled water brand, is changing the game by producing the first water bottle that is fully degradable. The bottles were introduced to the market in 2018, and they will have the ability to decompose in just 15 years. To put things in a better perspective, most plastic bottles tend to hang around for at least 1,000 years. Waiakea is definitely doing its part to better mankind, but this is just the beginning. Waiakea Hawaiian water is also one of the best-selling brands of bottled water in the world. The water comes from a natural source, which is excessive amounts of rainfall. To add insult to injury, this water passes through one of the most naturally advanced filtration systems. The porous rocks of the Mauna Loa volcano provides state-of-the-art purification. These rocks can literally fill the Grand Canyon 18 times, and the volcano stands at 33,000 feet above the sea’s floor.
Thanks to being such a natural philanthropist, this company is using its success to install wells that deliver clean drinking water to numerous communities in Africa. It would be very hard trying to find another bottled water brand that is willing to go this far. When it comes to sustainability, Waiakea is certainly looking like it will be around for quite some time.