Sahm Adrangi and the report on QuinStreet Inc.

Sahm Adrangi and the report on QuinStreet Inc.

Sahm Adrangi is the co-founder and the Chief Investment Officer for Kerrisdale Capital, and he recently released a controversial report about QuinStreet Inc. QuinStreet is a marketing company that uses the internet as their platform, and it was alleged that the stocks of the company had quadrupled out of the blues. According to Sahm Adrangi, QuinStreet has been a publicly traded company for the past eight, and their track record has been a little worrying. Most investors pondered on the survival of the firm with the exponential revolution in online advertising.

The stocks of the company traded for less than half of the IPO price of the organization. Also, the reality of the matter is that most investors in the firm are in the dark concerning what businesses the firm is involved in. QuinStreet Inc maintains a stand that their sources originate from valuable advertiser clients. This is contrary to the findings that Kerrisdale Capital published through CIO Sahm Adrangi putting forward that the leads of the firm came from a fake site called Insurancebranch.com. Besides, Insurancebranch.com had also created traffic to the site by paying users to click on the links for advertising.

It begs disturbing questions and leaves the reputation of the firm hanging on the ropes. Following research conducted that involved former employees of the firm and other participants in the business, it was concluded that QuinStreet has nothing unique to give it a competitive edge in the market. Reports indicated that their technology was not steadfast and their affiliate relationships seemed sour. The company has also been dreaded by a series of lawsuits, and the firm is yet to evolve at the rate of other participants in the industry hence ruining the morale of the workforce. The most stunning of all is that the pioneers and leading investors in QuinStreet such as the Chief Executive Officer and the Chief Investment Officer have started relinquishing their shares in the firm. Investors need to weigh their scales tactfully when it comes to QuinStreet Inc because there is a reason for this firm to be doubted.

https://www.benzinga.com/topic/sahm-adrangi

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