Kerrisdale Capital is a value-oriented investment company with $230 million managed by Sahm Adrangi. In their latest letter, Adrangi emphasized the negative return during March (-1.8%)., which, in this case, isn’t particularly high when compared to broader market indices.
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This has resulted in a 9.4% YTD gain for the company, a solid first-quarter result during the volatile period we are in. The company also discussed three investment theses: Red Cat Holdings (NASDAQ:RCAT), ACM Research (NASDAQ:ACMR), and IonQ (NYSE:IONQ).
RCAT is a short position in the drone manufacturing industry that, according to Adrangi, will not live up to the hype surrounding...
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