For those that are looking to invest in the stock market, choosing the right stocks to invest in can be a very complicated process. For those that are looking for a better option for choosing the right companies to invest in, taking advice from seasoned investing professionals can be a great option. One individual that has continue to provide great investment advice through a variety of different mediums is Sahm Adrangi, who was previously the head of investments for a major investment firm. while he does not necessarily work in this world professionally anymore, Sahm Adrangi does continue to provide great investment advice to those who follow him on a variety of different types of social media.
Sahm Adrangi recently gave some insight into the stock of the Eastman Kodak company. During 2017, the stock price for Eastman Kodak went up more than 100% over the course of just a few days. This dramatic stock price increase seem to happen right after the company announced that it will be offering its own digital currency. This seem to timeout very well with the overall excitement behind Bitcoin and other digital currency technology.
While the price of the stock did go up a lot, Sahm Adrangi does not believe that it was warranted. one of the main reasons why he believes that the stock should not have gone up so much value is that having the digital currency is not necessarily a valuable asset for the company. He believes that much of the stock increase is only due to hype and that the company will not actually benefit financially from offering it to customers.
The investor also pointed out that there were some peculiar issues with the timing of the release of the news. Just a few days before the company made this announcement, the company also announced that all of the board members and senior executives of the company will be receiving new stock options. While the company is not under investigation yet, the situations certainly look like something that the SEC would end up investigating further in the coming future.