Sahm Adrangi has made a lot of predictions in the past based on the research carried out by his company Kerrisdale Capital Management. These predictions are based on Sahm Adrangi’s suspicions of dishonest business practices that have led investors into putting capital into stocks that are extremely overvalued or essentially worthless. In recent months, Sahm Adrangi has released negative reports on the pharmaceutical company Proteostasis and the Eastman Kodak Company. Proteostasis currently has a medication that is going through its third stage of trials that have used faulty data to make the drug look like it has more effect on the illness it was designed to treat than it actually does. In the case of Kodak Eastman, Sahm Adrangi sees their new KodakCoin and KodakOne as doomed to fail before they even get off of the ground because of legal and technical issues that he thinks they will inevitably be faced.
His newest report is based on the recent rise in stock price of the QuinStreet online marketing business. Despite the excitement of investors, he thinks the reasons they are putting their trust behind QuinStreet are absolutely bogus and were designed to try to bail the company out of inevitable failure. QuinStreet has been struggling financially for years so when they suddenly received an unusual influx of revenue driven by traffic to only one of their clients, it made Sahm Adrangi take notice. Upon further investigation, Kerrisdale Capital Management determined that the increase in traffic that QuinStreet has been experiencing is most likely all computer generated instead of genuine. QuinStreet operates by driving traffic to the sites of their affiliates when their affiliate is given traffic an business through QuinStreet they pay the company for their services. No traffic, no payment. This means that is QuinStreet is indeed generating fake traffic, they are costing their clients money that they should not have to pay.
Kerrisdale Capital Management and Sahm Adrangi have taken a short position on QuinStreet and investors should be very careful if they invest in the future of the online marketing company.
Nabors Industries has already built its software development and advanced IT department up over the years, but now it will be built on even further thanks to a new acquisition they made with Tesco Corporation. Both Nabors Industries and Tesco Corporation are based in Houston and both have built huge holdings around the Atlantic and gulf area in rigs and modular stations.
Nabors CEO Tony Petrello led negotiations of the acquisition and completed it through a stock transaction, and it gave current Tesco shareholders a 0.68 interest in Nabors Industries common stock. Anthony Petrello believes this deal will bolster current technology resources and will lead to even higher production and returns for investors. The reported revenue for Nabors Industries was up over the course of 2017 according to a company press release.
Tony Petrello has always considered himself to be a good problem solver which led him from a time he solved problems on napkins in middle school to now doing so at one of the world’s largest oil drilling companies. It was Petrello’s former roommate Lloyd Grove, a journalist at the Daily Beast who recounted his ability to work with tough math formulas during his time as a student at Yale. But Petrello suddenly found a new interest in law, and after completing law school he went to a New York law firm in 1979. In 1986, he became a partner at this firm and he helped many of its clients find loopholes in tax reporting, managing mergers and acquisitions, internal audits and securities regulations. In 1991, Petrello left the firm and officially entered the oil industry as chief operating officer of Nabors Industries.
After taking over as CEO in 2011, Tony Petrello started focusing on new automated systems for hybrid rigs and horizontal well technology. He has always brought in large annual compensation, but his largest ever was in 2013 when his base pay plus bonuses, equity, stock options and other assets put him over $68.7 million. Petrello has not equalled that feat since, but he has given away some of that money to non-profit groups around Houston. One of his largest charity recipients has been the Texas Children’s Hospital who he’s supported because of their research institute for neurological studies. Petrello has seen how neurological disorders have affected his daughter Carena, but he believes his gifts to the hospital can shed light on how important the issue is both for the medical community and regular Americans.
For more information about Anthony Petrello, just click here.
In the wake of disasters affecting communities, it is quite easy to identify companies that are not just after profits. There are compassionate companies who have a corporate social responsibility to the communities in which they operate and beyond. Nabors industries under the guidance of their philanthropic CEO Anthony Petrello rose to the occasion when Hurricane Harvey hit Houston and Texas communities in 2017. At the time, food supplies were scarce as demand was high following the destruction of homes and flooded streets.Nabors Industries workers were instrumental in relief efforts and went whenever their efforts were needed especially along the Gulf Coast.
They even had a kitchen on the disaster site that cooked hot meals for the local families. They cooked three times in a day. The company offered them paid time off so that they could help without being worried about work. Anthony Petrello equaled the employees’ $73,622 donation. This was in solidarity with the 10% employees of Nabors Industries who were in one way affected by the Hurricane. Giving back to the community is part of Petrello passion. His passion has spread to Nabors Industries as they can be seen taking part in special events, fundraisers, and community projects. He encourages this spirit even as they work, where they are free to eat at the company’s workplace barbecue pit. They are encouraged to work on their health and fitness.
There is also a company coffee house from which they can enjoy some coffee. This was not the only instance where Petrello was giving, he and the company have donated to the Bike MS, the Susan G. Komen Foundation, as well as over $3 million in education scholarships. Tony and the company also donated $7 million to Texas Children’s Hospital in aid of medical research for childhood neurological disorders. Anthony Petrello is the Executive Committee’s Board Chairman, President, and CEO of Nabors Industries Ltd, a world leader in drilling geothermal and natural gas. He is a Yale and Harvard graduate having a BS and MS in Mathematics. He is married to Cynthia and serves as a Director of Stewart & Stevensons LLC.
Since the year 2016, Mr. Paul Mampilly has been working as a senior editor with the Banyan Hill Publishing Company. For the past two years, Paul has been and continues to assist everyday Americans to increase their financial fortunes by deciphering the stock markets, technological advancements while also looking for other special opportunities that one can take advantage of and make a quick buck. Paul Mampilly has a Master’s of Business Administration from Fordham University which to a good extent explains his unparalleled expertise, especially in financial matters.
26 years ago, Mr. Paul Mampilly’s career began from the ground up as an assistant portfolio manager at Bankers Trust. At the financial firm, Paul learned several skills and gained a lot of experience on how the financial industry operates, how and when to buy certain stocks while at the same time building networks of prominent and influential people in the financial sector. With all these, Paul rapidly soared through the ranks to work at various important positions with coveted financial sector firms like the Deutsche Bank and ING. At these companies, Paul was tasked with handling multi-million dollar accounts showing the amount of confidence such firms had in him.
For instance, in 2006 executives at Kinetics Asset Management hired Mr. Paul Mampilly to oversee the operations of their hedge fund. Mr. Mampilly applied his hands on deck approach to managing the fund and almost single-handedly helped the fund grow from $6 billion when he started to a whopping $25 billion in cash and assets representing an average of 26% returns yearly. These efforts were even recognized by Barron’s and they named them as one of the “World Best” hedge fund management firm.
During the world financial crisis of 2008 – 2009, a high-status investment competition was run by the Templeton Foundation and Mr. Mampilly was among the other invited participants of the competition. Much as it was a really challenging period especially for the financial sector players, Mr. Paul Mampilly won the competition by growing his investment from an initial amount of $50 million to $88 million, an astounding performance.
After working on Wall Street for several years making money for just the super-rich, Paul retired to spend more time with family and friends. Today, Mr. Paul Mampilly is still an ardent investor and is the founder of the popular Profits Unlimited and Extreme Fortunes newsletters in which he provides remarkable investment advice to help ordinary people make better investment decisions.
Read More: www.linkedin.com/in/paulmampilly
Not many billionaires have a story as touching as Eric Lefkofsky’s. He began from very humble beginnings as a carpet vendor in the university back in the early nineties and managed to rise to a respectable entrepreneur with a net worth of almost 2 billion dollars in just three short decades. It was clear that he was always a brilliant mind which was never scared of following his passion and believing whatever he was doing.
Over the years, he managed to come up with ideas and tried them before putting his money behind it. And the latter is what made sure that most of his ventures always blossomed, giving him a much better chance at thriving in business since the financial institutions still had his back and trusted him with virtually everything they did which was an added advantage.
So, what are the ventures that billionaire Eric Lefkofsky started and managed to make them succeed? As earlier stated, there are more than we can fit in this short piece. He co-founded InnerWorking in the fall of 2001. He then left a very favorable InnerWorkings venture in October of 2012 with a new idea in mind.
In 2015, Erick Lefkofsky in collaboration with Keywell started the echo global logistics. This company had one goal which was to deal with freight logistics on behalf of their clients, and it was so lucky that it got a financial boost from one of the most prominent, most notable technology investors in the United States, The New Enterprise Associates.
He went ahead and started quite a handful of ventures and among them was none other than Tempus. Tempus is a clinical business that Eric began to make sure that patients are getting the best care. The company has some of the best equipment and needless to say; they do all in their power to get things done the right way.
Under his stewardship, he has managed to pick on some of the very best doctors and nurses to work for Tempus. In addition to that, he has also ensured that the medical facility has got state of the art medical equipment.
Eric Lefkofsky is the Co-Founder of the Tempus Company based in the United States. Eric Lefkofsky is one of the few people with the strongest commitment to solving the cancer problem affecting millions of people around the world. In fact, the National Cancer Institute stated that more than 20 million people are suffering from the illness in the United States. In fact, we might achieve the most sophisticated business plan for those seeking advanced business solutions in a manner that depicts the best business in the industry. While we are assimilating our capabilities for a greater good, few people are solving these problems with the correct measure of growth.
Eric Lefkofsky is also considered as one of the most influential figures in Chicago. Gone are the days when making money was a priority for him. In his latter days, Eric Lefkofsky has committed saving people’s lives. While he has used Groupon Company to save people’s money through cheaper restaurants and accredited better business solutions in a manner that is not capacitated in the industry. This is the reason why he is looking towards generating the cancer cure through cop-founding Tempus Company based in Chicago. When it comes to solving people’s problems, Eric Lefkofsky is second to none. This is because of his assimilation techniques that are geared towards becoming part of the business solution to the needs his clients face in the industry.
Eric Lefkofsky is always involved in the daily business with achieved capabilities in the industry. Perhaps this is the reason why we must seek the most sophisticated solution to cancer. When Eric Lefkofsky’s wife was diagnosed with cancer, it hit him that life is too short for those who are unprepared. Cancer has been a major source of death for many people in the United States. While the illness is a major epidemic, the cure of the disease is not yet established. However, we might consider seeking better business values in a manner that is not paralleled in the industry. Eric Lefkofsky is the Co-Founder of Tempus Company that is expected to develop the cure for cancer through world-class research.
If there was a Mount Rushmore consisting of outstanding individuals who have made a major impact in the broadcast industry Norman Pattiz’s face would definitely be chiseled into the side. He has founded a multitude of broadcast companies over his storied career. Pattiz started his career in radio more than 40 years ago. He is the man behind one of the most influential news, sports, entertainment, talk and traffic programming provider in U.s history Westwood One. In 2012 the very successful businessman launched Podcast One. Just like so many other companies Pattiz has launched it quickly became a success. Which of course didn’t shock Pattiz at all. He realized there was a lot of untapped potential in the audio on-demand industry.
Norman Pattiz founded Podcast One with the idea of building it into one of the most innovative companies in the industry. He recently announced that Podcast One has implemented mobile software that provides a variety of interactive social functions that allows listeners to have a more complete listening experience. A highly anticipated feature is the addition of 360 degree video recordings. The best part of the total package is that the app is available on both the Google Play and Apple App Store for free. Learn more: https://www.facebook.com/normanpattiz
Users benefit greatly as they can now listen to and watch a wide range of shows. Users can communicate with hosts and fellow listeners as well. Another exciting feature for users is the new reward system. They can use points they’ve accumulated to access bonus features and services that they otherwise would be unable to access. PodcastOne is proving that it is the next pioneer in the broadcast industry.
Norman Pattiz once again has proved that he is a media pioneer. He has been praised by several professional for his willingness to adopting advanced technology that enhances thepodcast medium.