Sahm Adrangi is a sell side trader that corporate executive do not want to encounter under most, if not all, circumstances. Adrangi runs a hedge fund called Kerrisdale Capital, which manages $180 million of investor funds. Andragi has made his reputation as an activist short seller, detecting corporate irregularities, shorting the shares and then calling attention to a company’s issues by releasing a report, or sending a tweet. Adrangi earned fame, and fortune to boot, by being at the forefront of a wave of short selling that called attention to fraudulent practices of Chinese companieswith United States listed securities.
Recently, Sahm Adrangi issued a negative report on shares of Proteostasis Therapeutics, explaining his decision to sell short shares in the company. Proteostasis is a biotechnical company whose product is in the clinical stage. Its main drug is PTI-428, which is intended to treat cystic fibrosis that results from genetic disorders.
Sahm Adrangi’s short thesis for this company is that the Phase Two test results of this drug are not nearly as optimistic as they seem on the surface, as the success only results from favorable comparison to placebo patients, as opposed to any improvement in the patients’ conditions. He believes that the drug is actually ineffective, and that investors misinterpreted the results of the testing. Andragi was particularly disturbed by Proteostasis Therapeutics’ decision to issue nine million additional shares shortly after the release of the Phase Two trialresults.
Further, Sahm Adrangi concludes thatProteostasis Therapeutics has a track record of selectively releasing study data, emphasizing the findings that present it in a positive light, while burying data that would reflect poorly upon it. Adrangi maintains that there are other results from tests that the company has performed that are not in the public domain and, if known, would cause investors to cast doubt on PTI-428’s efficacy. Beyond the ineffectiveness of PTI-428, Sahm Adrangi argues that Proteostasis Therapeutics has little in its pipeline of future drugs that would prevent the stock price from realizing a drop of at least 70%.
One of the most successful venture capitalists in Silicon Valley is Shervin Pishevar. His investment firm has been responsible for some of the most prominent businesses arising from the tech sector. He has worked on numerous projects includingAirbnb, Uber and WebOS. Shervin Pishevar recently started a tweet storm that lasted for 21 full hours. His tweets covered many different topics such as the debt currently expanding within the United States. Some of his tweets made it clear he feels the United States debt markets are becoming overheated.
He talked about the record lows of the bond yields and corporations currently borrowing a lot of money. Shervin Pishevar issued a warning to investors that there may not be any safe asset classes left. He stated yields have been driven so far down by the Federal Reserve he believes it is unlikely bonds are going to be productive in the future and the returns will be dismal. Shervin Pishevar believes the amount of money corporations have been borrowing throughout the country to buyback their stock has caused extremely high inflation within the equity markets. He said it is nearly the highest valuation he has ever witnessed.
Shervin Pishevar mentionedstock portfolios when he tweeted about asset inflation. He believes the returns in the future will decrease as low as two or three percent during the next several decades. This is not going to leave the investors with very many good options. He said the valuations in the real estate market were historically extremely high. He said this was due to easy credit the Federal Reserve created with their expansionary policies. He stated the value of a home is only what a bank agrees to lend. All over the country, historically inflated amounts have been provided by the banks so people could buy residential real estate.
Shervin Pishevar does not believe cash is safe in the current environment. He believes the enormous deficits created by the federal government combined with the mandatory and consistent entitlement programs will leave the government no option in the future but to cover the shortfalls in the budget by printing money.
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A successful businessman, investor and sports team owner, Wes Edens has been making his presence felt for quite some time. Edens is a co-founder of Fortress Investment Group, one of the nations top investment management groups based in New York City. Edens impressive resume includes being a co-owner of the NBA’s Milwaukee Bucks, and owning the League of Legends FlyQuest. Edens is an innovator who is always looking for his next great movie.
Wes Edens is a graduate of Oregon State University where he earned a degree in in Finance and Business Administration. His career in business began as a result of a partnership with the Lehman Brothers. It was here that he served as a partner and managing director for several years. After Lehman Brothers, Wes Edens became one of the principal partners of the Fortress Investments. He would soon help build Fortress into one of the most successful companies around.
Under Edens leadership, Fortress has become a global success. Currently the company is responsible for managing more than forty million dollars in assets for nearly two-thousand investors. Edens works along side Randal Nardone and Wes Edens as the companies other major principals. Together the trio has built a company that specializes in some key areas which include: operations management, sector-specific knowledge of companies and institutions, capital markets and corporate mergers and acquisitions. Over the last two decades Fortress has built a set of tools and strategies that have made them global experts on these topics.
Recently Wes Edens made a unique move when he became an investor in Aston Villa, a major soccer team. Aston Villa has been looking for funding ever since the end of the most recent season in May. Edens becomes more than a fifty percent stakeholder in the company. He continues to show his ability to be innovative and push the envelope. His presence clearly will be around for many years to come.
Dr. Saad Saad, a skilled pediatric surgeon who has spent the last four decades helping more than 1,000 children get foreign objects out of their tracheas and esophagus, was recently featured in the Medical Daily Times article “Hard to Swallow Advice from Dr. Saad Saad.” The article, written by BJ Harrington, reveals advice on what to do if your child swallows a foreign object.
Dr. Saad Saad has helped children as young as six months to teenagers as old as fourteen. Many children will get foreign objects stuck in their food pipes or windpipes. He reveals that because young children are particularly curious and often stick things into their mouths, they are at risk for swallowing something that will get stuck. Though most of the time, if a child swallows a foreign object it will simply pass through without any serious complication. However, sometimes the object will become stuck in the food pipe or will end up in the windpipe.
Parents should be aware of the symptoms of a foreign object being stuck in the throat. Dr. Saad Saad reveals that these include trouble swallowing, wheezing and trouble breathing. There are several objects that are at high risk for getting caught in the throats of young toddlers. Parents should be particularly mindful of peanuts, hot dogs, and coins. The larger objects like the hot dog and coin will get caught in the food pipe. However, it is just as dangerous for a small object like a peanut to get stuck in the windpipe. For example, if the child gets a peanut stuck in his or her windpipe, they are at risk for severing infections like pneumonia. This can occur when the peanut breaks down into smaller fragments and become lodged in the lung.
Parents should also be aware that if their child is younger than 6-years-old, they can often get the object unstuck by turning them upside down and patting their backs. Often, gravity will work in their favor and the stuck object will come right out. When the child is older, the parent can perform the Heimlich maneuver. This is accomplished by standing behind the child and wrapping your wrists around their waist just under the rib cage. The force of thrusting your hands will help a child cough the object out. However, if neither solutions work, it may be time to take the child to the emergency room. Saad also warns that parents should never attempt to remove the objects with.
OSI Industries is a global food provider with facilities located in 17 different countries. The facilities combined have a 20,000-employee count. OSI Industries has not always been the large food supplier that they are today. This is a company that has been growing since the 1900s and is still on a continual up rise. The history of the company is deeply rooted in American immigration.
A German immigrant by the name of Otto Kolschowsky, began his business as a small retail store that provided meat for the community. In the year 1909, the company got its start in Oak Park, Chicago. After the start of the company, business thrived for ten years. As the decade came to an end Kolschowsky was able to expand his business into another Chicago suburb. By the year 1928, the family business was renamed Otto & Sons.
This small business was a very important component to the American community and it has thrived for decades. In 1955, the first McDonald’s restaurant was established in Des Plaines, Illinois. Before its grand opening, it was agreed that Otto & Sons would be the franchise’s ground beef provider.
As the McDonald’s franchise boomed in business, Otto & Sons followed close behind. The top priority of Otto & Sons had transformed into being the supplier for all regional McDonald’s restaurants.
Later Otto & Sons transitioned into the global corporation, OSI Industries. OSI Industries would be a supplier for both local and international food chains. Ray Kroc, the owner of the McDonald’s franchise, thought it was imperative that each restaurant’s food product was consistent from one franchise to the other. This would allow each customer to experience the same quality and favorable taste of food no matter which McDonald’s restaurant a customer chose to eat from.
With the integrations of modern technology, in an effort to ensure that the food is safe and produced at a high quality, OSI Industries has been able to develop high caliber client relations. Products are manufactured globally across the world to meet the needs of not only the McDonald’s franchise but other well known restaurant franchises as well.
Healthcare has been experiencing quite a remarkable change over time both regarding industry size and quality of services. It is due to this improvement that the patients’ trust and hope for better services delivery in the health sector have been increasing. Therefore, several prescriptions for distinct aspects of the healthcare market have been developed to inspire young entrepreneurs as they seek their cures in similar lines of thoughts.
A referral system and better post-acute rating are one of the prescriptions. The government has provided many financial incentives to hospitals and skilled nursing facilities that aid in reducing the rate of readmission and post-acute cost in the hospitals. Entrepreneurs have the opportunity to start providing hospitals with software that enable in determining who has the lowest readmission rates among the post-acute providers. It will then end up aiding the hospitals in better directing of patients and also cost-cutting.
Another prescription is the better use of the health tracking hardware since patient’s data collection has always been done manually. Therefore due to lack of data, doctors are not able to provide appropriate recommendations. Despite data collection being manual, the hardware to make the patient’s diagnostic data easy to collect does exist and it even has an insurance cover. It is, therefore, a considerable gap for an entrepreneur to fill and take advantage of it. They can manage it by providing the hospital with software that can generate health reports relating to patients for doctors.
Drew Madden received his B.S.E in Industrial Engineering from Lowa College of Engineering. He never wasted his time but immediately ventured into the corporate world to utilize his academics in the actual environment. In 2010, he became one of the Nordic Consulting Partners’ staff, and he served as their president for about six years. During his term, Drew enabled the company to realize more benefits for him, being one its stakeholder. The company experienced substantial growth in the number of employees as well as client partners than before he joined. In 2012 and 2014 he aided the company in achieving the KLAS ranking in the typical implementation of services.
For people that are serious about fashion, they have to solve an issue. One issue has a lot to do with finding some good clothing at a reasonable price. The only thing is that a lot of the cheap fast fashion stores do offer some good clothes. At the same time, these clothes tend to be made in a way that is not durable. This is one of the reasons that people eventually walk away from fast fashion and towards other forms of fashion. The only thing is that not all of these markets have a lot of options for people that are looking for some kind of style.
This is where The RealReal comes in. They have something that is high in quality for customers that are very interested in fashion. Another thing they have is products in other industries. They also have home products and related products for people to use to create their environment. This will not only help their people feel good about themselves but also make them create home that they feel great about. With clothing, they can express themselves in a way that they couldn’t with cheaper products. They will also impress their peers.
The RealReal experiments with other industries that they can get into. One industry they are breaking into is the beauty industry. They are looking at selling make up and other products that bring about the best looks in each individual. Therefore, women can shop for the best looking outfits while buying makeup that will bring out bold skin and great colors. Women can put on a look based on what they are feeling at the moment. At the same time, they can actually bring attention to The RealReal for all of the clothing that they have to offer customers of all ages.
In this life, where fortunes are not served on a silver plate, having a relentless attitude and never giving up is the secret to great accomplishments. While there are a handful of millionaires out there who have risen from dust to grace; only very few of them have had the opportunity of being millionaires twice. Nick Vertucci is cut from a different cloth and his implacable attitude has propelled him to great success in his life as a family man and as an investor.
Nick Vertucci began his grind immediately after high school and at a point found himself living in his van. Nevertheless, he started selling computer parts and other technology utilities. He showed a knack for business and a strong passion for improving his life and that of his family. Within a short time, Vertucci was dancing in the millionaire club thanks to the booming tech industry in the late 90s.
However, his dance was cut short in the wake of the 21st century during the internet bubble. Vertucci was one of the many people at that time who found themselves on the losing end of the internet stock plunge in the 2000s. This was a tough time for Nick and his family as he struggled to make ends meet as he had lost everything of value. His house was the only asset of value and he would sell it in an attempt to get out of debts.
It is already hard enough to make your first million, but losing it and having to start from the drawing board again is essentially selling snow in hell. Nick Vertucci was in this dilemma and he says this was the toughest time of his life. Vertucci is a man of steel; he did not let his situation run the show. He made many attempts to get back to winning ways to no avail until a friend of him introduced him to a real estate seminar. This was his silver lining and Vertucci being an intelligent man did not let this opportunity pass.
Luckily it would be the sector that he would find his bearing again and he experienced loads of success in the real estate business. He has made massive fortunes in the real estate business and now Nick has found it noble to encourage others in the taxing journey of investing and the road to success. He recently published his new book; Seven Figure Decisions: Having the Balls to Succeed. In his book, he shares his steps to success which he hopes will guide others too. He outlines his four steps to real estate breakthrough, as Seeing It, Believing It, Mapping It and Executing It.
More about Nick Vertucci
He is also the founder of Nick Vertucci Real Estate Academy where he shares his real estate knowledge to thousands of people who are interested in venturing in the sector. According to Nick, the genesis of success begins in believing in oneself and taking risk, because playing safe will not get you to the millionaires club.
This year, OSI Group celebrates 100 years of continuous growth since its establishment. The company management reckons how the food and meat processing and distribution company metamorphosed from a butcher shop down the street into a global conglomerate. The company takes stock of the strides it has had to take in its journey to establishing a foothold in the leader’s list for the global food industry with over 20,000 employees scattered in 65 facilities across 17 countries to thank. And while hitting such milestones hasn’t always been easy, OSI Group made through it all.
A promising start
The Aurora-based OSI Group traces its roots to Oak Park Chicago where it first opened doors to the surrounding community in 1909 as a butcher shop under the leadership of Kolschowsky. Due to unquestionable business ethics and an economic boom at the time, the small retail meat shop experienced rapid growth that saw to venture into the wholesale market. By the turn of a decade, the business rebranded into Otto & Sons and continued to operate under this brand until Sheldon Lavin took over its leadership prompting the change of name to OSI Group.
Like most companies, OSI foods has had to bear the brunt of the economy time and again, some of which threatened its very existence. Others caused stalls and glitches in operation that have in several cases led to missed business opportunities whose impacts could have changed the course of the company. OSI acquires UK’s Flagship Europe.
For instance, the company missed the opportunity of becoming McDonald’s sole supplier of fresh ground meat when the company first started. The financial strains the company was experiencing at the time limited its production capacity thus making it unable to meet McDonald’s supply demands.
Devastated by this turn of events, Otto’s sons brought in Sheldon Lavin as the company’s chief financial officer, and his revolutionary financing strategies helped dispel doom in the company. Sheldon later invested in the company, gaining a controlling share that resulted in a partnership with Otto’s sons and the renaming of the meat processor to OSI Group.
Capitalizing on innovative technology and strategies
Upon assuming office, Sheldon sought to investigate the biggest crippling the growth opportunities for the company despite its long years of service. At this time, poor strategy and redundant technology kept coming up as key inhibitions. To address this Sheldon steered the company towards the adoption of new and innovative technology for use within their processing facilities. He also adopted a change of growth strategy where the company now concentrates more on the acquisition of existing brands as opposed to building new facilities when it comes to expanding global operations.