NEW YORK, June 13, 2017 /PRNewswire/ -- Kerrisdale Capital, a private investment manager, has published a report explaining its short position in ViaSat Inc. (NASDAQ: VSAT), a $4 billion satellite services company whose main business is delivering consumer home internet via satellites. Kerrisdale believes that ViaSat is worth 50% lower than the current share price, as the company faces increasing obsolescence in its core residential internet segment.
The full report can be found at http://kerr.co/vsat.
Kerrisdale has a short position in ViaSat and stands to benefit if its share price falls.
Conference Call Schedule
Kerrisdale will host a conference call on Tuesday, June 13 at 10:30am ET to discuss the ViaSat 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.
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.
Kerrisdale Capital Management, LLC is a member of the Financial Industry Regulatory Authority, CRD number 160804.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kerrisdale-capital-issues-negative-report-on-viasat-inc-and-announces-conference-call-schedule-300472971.html
SOURCE Kerrisdale Capital Management, LLC