Author Topic: UBNT - Ubiquiti Networks  (Read 38496 times)

gjangal

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Re: UBNT - Ubiquiti Networks
« Reply #20 on: September 18, 2017, 08:53:02 AM »
It's a decent sized position for me. There is a high probability that he is just manipulating the price for his own benefit. Based on price action i think he has shorted it from the top and probably will cover in this down move

It's a wait and watch for me. I don't think there is fraud on a large scale. Small discrepancies in financials are a given for any public company because if the complexities in reporting


Dustin T

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Re: UBNT - Ubiquiti Networks
« Reply #21 on: September 18, 2017, 09:49:10 AM »
Unconcerned, none of the "evidence" seemed like anything more than silly conspiracy theory stuff.

Robert Pera's actions speak louder, share buybacks, low salary, all of this reflects very well on his long term belief in this companies future.
"If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored." -Peter Lynch

valcont

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Re: UBNT - Ubiquiti Networks
« Reply #22 on: September 18, 2017, 07:59:31 PM »
Just read the report. The only thing that bothers me is why haven't they hired a CFO yet? Its been couple years already and the last replacement was a complete disaster who ended up costing them $46m.

UBNT has always been attacked by the shorts for the usual reasons. Opaque distributorship, dealings in shady countries, Distracted CEO.. As for the margins, UBNT has lower GMs of ~45% compared to CSCO's ~63% so makes sense that having a community to support and sale the equipment should lower the opex. Not aware of their recent offerings but their Access router network were a great system compare to the CSCO and were the only option in Middle Eastern/Russian countries. That should explain a higher margin in those countries and more cash outside US.

I would not discard the report altogether. I didn't understand parts of their business and the lumpiness of the revenue so I sold.

eclecticvalue

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Re: UBNT - Ubiquiti Networks
« Reply #23 on: September 18, 2017, 08:03:31 PM »
Valcont, He tweeted about it today. Apparently CFO's are only used to appease Wallstreet and serve themselves. He must salty after the last CFO. He likes his CAO.

gjangal

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Re: UBNT - Ubiquiti Networks
« Reply #24 on: September 19, 2017, 03:52:12 AM »
Valcont, He tweeted about it today. Apparently CFO's are only used to appease Wallstreet and serve themselves. He must salty after the last CFO. He likes his CAO.

I couldn't believe he said that, not a very mature comment by a CEO

scorpioncapital

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Re: UBNT - Ubiquiti Networks
« Reply #25 on: September 19, 2017, 03:56:43 AM »
"Chief financial officers are responsible for planning the financial future of a company, while chief accounting officers handle the more day-to-day activities."

If you have a capital allocator/founder/CEO leader at the helm making financial planning, I have to agree all you really need is a CAO. And as a 70% shareholder, I can see where he's coming from. Almost running it like a private co.  I suppose he has the right to do whatever he wants within the basic rules.

gjangal

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Re: UBNT - Ubiquiti Networks
« Reply #26 on: September 19, 2017, 04:44:59 AM »
Generalizing a class of c suite people with such words is a sign of immaturity. All they care about is options and moving to the next company.  He said this on his twitter feed. That is definitely a sign of immaturity. Brilliant CEO but not the best choice of words

watsa_is_a_randian_hero

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Re: UBNT - Ubiquiti Networks
« Reply #27 on: September 19, 2017, 06:55:37 AM »
Valcont, He tweeted about it today. Apparently CFO's are only used to appease Wallstreet and serve themselves. He must salty after the last CFO. He likes his CAO.

I couldn't believe he said that, not a very mature comment by a CEO

did he delete this?  I looked last night, and again this morning; i couldnt find it

Foreign Tuffett

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Re: UBNT - Ubiquiti Networks
« Reply #28 on: September 19, 2017, 07:11:22 AM »
Valcont, He tweeted about it today. Apparently CFO's are only used to appease Wallstreet and serve themselves. He must salty after the last CFO. He likes his CAO.

I couldn't believe he said that, not a very mature comment by a CEO

did he delete this?  I looked last night, and again this morning; i couldnt find it

Yes, I believe he did delete it.

DooDiligence

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Re: UBNT - Ubiquiti Networks
« Reply #29 on: September 19, 2017, 09:25:54 AM »
Is this an example of bad optics obscuring good judgement?

I saw his Tweet about BRK only having 20 employees & it created the impression (in my mind) that this guy couldn't possibly be a good capital allocator (the cash piling up kinda agrees.)

I don't really understand the biz but thanks RKB 4 the anecdotal (it helps...)

Probably won't do anything but it's fun to look at!
Healthcare 25.9% - CVS EW NVO // BRK.B - 23.1% // Auto's & Oil 15.0% - CLB GPC VDE

Entertainment 4.8% - DIS // Banking 9.9% - WFC // Drinkers & Smokers 4.9% - MO

%'s held @ MV 08/29/2019 minus 16.4% investable cash

i trumpet my ignorance

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