Anthony Petrello And His Wife Are Passionate About Giving Back

As we all know natural disasters can have devastating effects on communities all over the world. They can destroy homes, land, and lives. It is important in those times to pull together and work like a team. Nabors Drilling company knows of this all too well and are giving back whenever they can.

About a year ago Hurricane Harvey swept over the southern region of the United States, hitting Texas particularly hard. Everything was destroyed in the wake of the hurricane and the whole community was devastated. Luckily there were local businesses that took the reins and jumped in to help where ever they could. The local Houston Food Bank stepped in to give food to people who needed it. H-E-B, a grocery store company also pitched in providing food to hurricane victims.

Nabors Drilling was also on call to help where they were needed. They opened up their on-site kitchen so devastated Hurricane Harvey victims could have a nice hot meal, three times a day. The Chief Executive Officer Anthony Petrello also donated his own money to matched the employee’s relief contributions. The employees donated almost $174,000 dollars and the fund was called the Nabors Disaster Relief Fund. Employees were also quick to take the time out of their lives to help victims. They were transported all over the place, even to the Gulf Coast to help. Once again Anthony Petrello came through and offered that Nabors would pay for the time employees were helping the local community. Some of the employees were also effected by the hurricane and also needed help.

The drilling company is known for their good deeds, giving back whenever they can. They have donated to organizations like Bike MS and the Susan G. Komen Foundation. Nabors also keeps employee in mind and have already donated well over $3 million dollars to the educational scholarships to the children of employees. Tony Petrello is an active philanthropist along with his wife Cynthia. That is one of the things they connected with, giving back to those less fortunate. They are particularly passionate about giving back to children with neurological disorders, which is what their daughter suffers from. Anthony learned that they was certainly not enough research in childhood neurological disorders, making treatments and cures far from reach. The Petrello family have donated millions of dollars to the Texas Children’s Hospital where they have a team caring for their daughter.

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Short Seller, Sahm Adrangi Raises $100 Million to Bet on a Single Stock

Sahm Adrangi, the Chief Investor at Kerrisdale Capital Management has managed to raise virtually $100 million with the aim of investing in a single stock; a reliable source told Reuters. The stand-alone co-investment by the New York-based firm plans to use the amount to short the stocks of a yet-to-be-revealed company.

“We managed to raise a substantial amount within a short time, which allowed us to strike a chord within the alternative community. We have acquired a $10 billion-worth company and strive to get everyone to understand the insights we have gathered regarding it,” Adrangi wrote in an email to investors.The fund has already been put into the acquisition of stocks, so it establishes its position in the company (TBD). However, the mysterious firm is to be unveiled in mid-May, since the report is still not ready for public release.

Inclusive of the fund raised, Kerrisdale’s value stands at $500 million, most of which is owed to the company’s rich history of betting against competitors. Examples of its recent activist short position are Sage Therapeutics and Zafgen and Globalstar, a satellite company.

About Sahm Adrangi

He is the founder and the Chief Investment Officer of Kerrisdale Capital Management. Since 2009, he has played an integral part in the growth and development of the firm and has seen it grow from its initial worth of $1 million to its current value of $150 million by July 2017.

Mr. Adrangi, widely recognized for short selling and print-media research, has managed to shed light on his company’s view on stocks which have been misunderstood by the market. This information is shared through the firm’s website third-party sites and on Twitter.
Apart from publishing research, Mr. Adrangi has assumed an activist role in a number of investments. In 2013, he involved Lindsay Corporation LLC. In optimizing the firm’s cash deployment and fund allocation policies.

Before forming Kerrisdale Capital Management, Sahm Adrangi served as an Analyst at Longacre Fund Management LLC from April 2007 to February 2009. In 2005. He joined Chanin Capital Partners, where he played a significant role in analyzing the bankruptcy restructuring division of the New York and Los Angeles based bank.

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