UBNT - Ubiquiti Networks

[Schwab711]

I know the 2nd paragraph I quoted to be true for UBNT as well. It would be pretty funny if half of Silicon Valley is hiding corporate entities to improve their financial results.

I think avoiding tariffs has been the key to their success in South America, so maybe the US/China trade war will actually increase margins/sales.

[Foreign Tuffett]

Ben Moore, who is effectively the COO of the company, has resigned.

https://www.sec.gov/Archives/edgar/data/1511737/000141588918001336/form8k-09072018_010911.htm

This leaves Pera and Chief Accounting Officer Kevin Radigan as the company's only executive officers.

I've owned oversized long positions in $UBNT twice in the past, but can't  come close to underwriting an investment at the current price.

[gjangal]

Valuations wise it seems fully valued here. Ben Moore is a large shareholder ( if i m not mistaken it’s about 3-5mn shares). it will be interesting to see what he does.

[Foreign Tuffett]

Valuations wise it seems fully valued here. Ben Moore is a large shareholder ( if i m not mistaken it’s about 3-5mn shares). it will be interesting to see what he does.

Moore has been selling big chunks of his UBNT shares.

[gjangal]

 originally he had closer to 1.5mn shares( not 3 as mentioned above ), he is down to 675k now. Has been actively selling in the past year.

[gjangal]

https://finance.yahoo.com/news/ubiquiti-fiscal-1q-earnings-snapshot-123130130.html

[chrispy]

Very nice to see.

Wish I would've keep my small position. Cutting the grass and watering the weeds...

[gjangal]

https://www.sec.gov/Archives/edgar/data/1511737/000151173719000007/exhibit991-12312018nex.htm

[rkbabang]

https://www.sec.gov/Archives/edgar/data/1511737/000151173719000007/exhibit991-12312018nex.htm

Another great quarter. Share buybacks at a good average price ($34.7 million at an average price of $97.31) and keeping dividend the same.

[chrispy]

Very impressive results