Author Topic: UBNT - Ubiquiti Networks  (Read 38495 times)

awindenberger

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Re: UBNT - Ubiquiti Networks
« Reply #10 on: February 13, 2017, 09:24:19 AM »
I loved the UBNT story 12-15 months ago and am still pissed at myself for never buying in when it was under $30. Since then I've been waiting for a large pullback that never came. Now it finally happened, but I don't have anything else I want to sell, so hopefully it will stay down for a few months while some other picks play out.


gjangal

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Re: UBNT - Ubiquiti Networks
« Reply #11 on: February 13, 2017, 10:38:37 AM »
RJP has been a good ceo so far. Although he owns the majority of the stock he will play fair with minority shareholders. He used to have a blog where he has written his thoughts about running a company. Not sure if it's still online

Very good story so far, to me it looks like he has a roadmap and is following through with it by launching products one after another. Amplifi , the new product has great reviews on Amazon. The enterprise side seems to be growing.

The short interest on this one is crazy. north of 7 mn out of a total free float of 25mn. The market expects gross margins to contract in the future and RJP is adamant about maintaining it at 45%. I own a bit for sometime but it has been a very bumpy ride and looks like it's going to be one in the future.

valcont

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Re: UBNT - Ubiquiti Networks
« Reply #12 on: February 13, 2017, 01:02:51 PM »
Used to own the stock and loved Pera's CC's with analysts. He would be explaining the 2 year roadmap and their response "umm what's the guidance for the next qtr.". Pera is a great guy, he used to have a blog and did a video on Tesla. I thought he was spending way too much time on shooting hoops.

Their distributorship model is pretty interesting. Bulk of their revenue is lumpy and comes from countries like Russia, Iran ,Iraq and the dealings are pretty opaque.

gjangal

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Foreign Tuffett

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Re: UBNT - Ubiquiti Networks
« Reply #14 on: August 03, 2017, 07:41:06 AM »
results out today. will be a billion dollar revenue company next year .

http://files.shareholder.com/downloads/AMDA-JI74R/4416779331x0x952276/B7971B9A-FD9F-4FFF-96CA-15F5484FDE9F/UBNT_4QFY17_Earnings_Press_Release_FINAL_08_03_17.pdf

A solid quarter that helped allay some much of the market's skepticism about their gross margin deterioration and inventory build.

There are several good articles on this name on Seeking Alpha for those interested.

gjangal

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Re: UBNT - Ubiquiti Networks
« Reply #15 on: August 03, 2017, 11:40:45 AM »
Yeah. to me it's very surprising that the market has 8-9m shares short in a company which has a 30m share float and the ceo owns 50% of the company. The company dominates the WISp niche. It's taking market share from cisco, aruba and ruckus in the Wireless LAN space.

 It was bootstrapped by a guy from 0 to 1b in revenue with little or no capital and just an idea. He is one of the most under rated ceos out there.

Foreign Tuffett

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Re: UBNT - Ubiquiti Networks
« Reply #16 on: August 03, 2017, 10:19:12 PM »
Yeah. to me it's very surprising that the market has 8-9m shares short in a company which has a 30m share float and the ceo owns 50% of the company. The company dominates the WISp niche. It's taking market share from cisco, aruba and ruckus in the Wireless LAN space.

It was bootstrapped by a guy from 0 to 1b in revenue with little or no capital and just an idea. He is one of the most under rated ceos out there.

Pera actually owns  ~71% of the company! Since he doesn't take a salary he is very aligned with outside shareholders. I agree that he's a great CEO; sell side analysts don't give him much credit because he (1) semi-openly disdains them (see his treatment of the Bloomberg analyst on the Q1 2017 call) and (2) isn't a great public speaker and doesn't come off as being as 'polished' as the typical CEO of a company UBNT's size.

Another thing to keep in mind is that Robert Pera's father Edmund Pera, CEO of Armanino Foods, is also a very good, outside shareholder-friendly CEO.




pau_

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Re: UBNT - Ubiquiti Networks
« Reply #17 on: September 18, 2017, 06:55:13 AM »
I own this. Andrew Left is calling it a "complete fraud" https://www.youtube.com/watch?v=hVnnGj_J7O8

Edit: I was expecting a smoking gun with that kind of allegation. He's basically saying their numbers are "too good" when compared to competitors, and that there aren't really enthusiasts in the "ubiquiti community", and that Robert Pera "doesn't high five" Cramer.
« Last Edit: September 18, 2017, 07:03:07 AM by pau_ »

pau_

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Re: UBNT - Ubiquiti Networks
« Reply #18 on: September 18, 2017, 07:24:19 AM »
I would actually skip the video and just read the paper if you're interested in his arguments: www.citronresearch.com/citron-exposes-ubiquiti-networks/

rkbabang

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Re: UBNT - Ubiquiti Networks
« Reply #19 on: September 18, 2017, 08:16:31 AM »
Used to own the stock and loved Pera's CC's with analysts. He would be explaining the 2 year roadmap and their response "umm what's the guidance for the next qtr.". Pera is a great guy, he used to have a blog and did a video on Tesla. I thought he was spending way too much time on shooting hoops.

Their distributorship model is pretty interesting. Bulk of their revenue is lumpy and comes from countries like Russia, Iran ,Iraq and the dealings are pretty opaque.

His blog is here: http://www.rjpblog.com/

As far as the Citron "research", using the word "misunderstood" is apparently a red flag?  As is being driven by making money? Wow that is some high quality analysis.

In my opinion the Ubiquiti Community is great.  Every question I had setting up my system I found the answers to easily with a quick search of the discussion boards.   If as a homeowner with no experience setting up a commercial network I had bought a Ruckus or Cisco setup would I have been able to have all of my questions answered easily online without the need to talk to company support (which is usually awful regardless of the company).  Not only that, but I would have paid a hell of a lot more for the products.  In reality I never would have purchased them to begin with.  Not only are Ubiquiti's prices the lowest by far, but the community makes using their products easy even for the non-professional.