NEW YORK, Feb. 7, 2018 /PRNewswire/ — Kerrisdale Capital, a private investment manager, has published a negative report explaining its short position in Eastman Kodak Company (NYSE: KODK), a commercial printing and imaging company whose stock has risen 187% since announcing a partnership to launch a blockchain-enabled image licensing platform and photo-centric cryptocurrency. Kerrisdale believes the announcements are a hollow attempt to chase the ICO craze that do nothing to offset Kodak’s poor fundamentals and unsustainable capital structure.
The full report can be found at http://kerr.co/kodk.
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Kerrisdale has a short position in Eastman Kodak Company and stands to benefit if its share price falls.
Conference Call Schedule
Kerrisdale will host a conference call on Wednesday, February 7 at 10:30am ET to discuss the Kodak report.
To participate in the conference call, dial 888-567-1603 (US and Canada) or 404-267-0368 (international) and reference the Kerrisdale Capital call.
About Kerrisdale Capital
Kerrisdale Capital Management, LLC, is a fundamentally-oriented investment manager managed by Sahm Adrangi that focuses on long-term value investments and event-driven special situations.
Kerrisdale Capital Management, LLC is a member of the Financial Industry Regulatory Authority, CRD number 160804.
SOURCE Kerrisdale Capital