(Reuters) Kerrisdale Capital, a small hedge fund managed by Sahm Adrangi who has built a reputation by betting against satellite companies, is taking on ViaSat Inc.’s, declaring its stock should be trading at half of its current price.
In a 57-page report issued on Tuesday, Adrangi said the Carlsbad, California-based company that beams satellite Internet to rural homes provides “inferior technology in a hyper- competitive market.” Kerrisdale holds an unspecified short position in the stock.
