QuinStreet Sure To Fail With Sahm Adrangi’s Opinino

QuinStreet, Inc. is a mid-sized corporation with roughly 600 employees under its belt, $297.7 million in revenue from fiscal year 2016, and some 26,000 shares of public stock floating around on NASDAQ and the New York Stock Exchange. Admittedly, the company is larger than a majority of businesses across the United States of America. It also is a member of Standard & Poor’s 600 Component index, a group of the 600 best publish shares across the entirety of the world of finance.

One more thing – the share price of QuinStreet was no more than $3.75 less than a year ago. Today, the price is up to just short of $14.00. For those who don’t understand stock market performance very well, just know that QuinStreet has performed considerably well over that year-long period, effectively earning its investors three times as much extra money as the price of the share when most first bought in when the share price as low.

However, one think financial services experts always hold in the back of their minds as a possibility that high-performing companies’ financial statements and public share prices could appear as such solid investments because such organizations engage in unethical, unfair, or illegal activity.

Sahm Adrangi is a financial expert that shares the aforementioned line of thinking. Although the public stock of QuinStreet is likely rated as a buy or strong buy across most financial advice and information-storing sites, Mr. Sahm Adrangi feels strongly that QuinStreet’s prospects as a stock purchase are resoundingly poor.

Mr. Adrangi pointed out in a negative report of QuinStreet, Inc., which trades as (QNST) on both the NASDAQ and the New York Stock Exchange, roughly two months ago that even though QuinStreet had offered public stock for eight-odd years, its performance only turned belly-down in the past eight months.

CIO of Kerrisdale Capital Sahm Adrangi further shared that he and his firm feel that QuinStreet is engaging in fraudulent business practices because a bulk of its clicks come from just one website.

That website pays its visitors to do nothing more than click on advertisements through the site, in turn boosting QuinStreet’s performance. Sahm Adrangi makes a great case.

https://www.linkedin.com/in/sahm-adrangi