NEW YORK, Jan. 19, 2017 /PRNewswire/ -- Kerrisdale Capital, a private investment company, has published a report on Straight Path Communications Inc. (STRP), a $500 million company that holds and leases wireless spectrum licenses in the United States. Kerrisdale believes that Straight Path is worth 70% less than its current market cap given the low value of its portfolio of millimeter-wave spectrum, the large penalties it will have to pay the FCC, and the abundance of competing spectrum.
The full report can be found at http://kerr.co/strp2.
Kerrisdale has a short position in Straight Path and stands to benefit if the share price falls.
Conference Call Schedule
Kerrisdale will host a conference call on Thursday, January 19, 2017, at 10:30am ET to discuss the Straight Path report.
To participate in the conference call, dial 888-567-1602 (US and Canada) or 862-255-5346 (international) and reference the Kerrisdale Capital call.
A replay will be available following the call at http://kerr.co/strp-jan19
About Kerrisdale Capital
Kerrisdale Capital Management, LLC, is a fundamentally-oriented investment manager that focuses on long-term value investments and event-driven special situations.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kerrisdale-capital-releases-negative-report-on-straight-path-communications-inc-strp-and-announces-conference-call-schedule-300393467.html
SOURCE Kerrisdale Capital Management, LLC