Author Topic: UBNT - Ubiquiti Networks  (Read 46985 times)

chrispy

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Re: UBNT - Ubiquiti Networks
« Reply #120 on: August 21, 2020, 10:53:45 AM »
I completely agree and glad he is willing to be unique, shun terrible analysts, and do a terrific job.  Just interested in his thoughts on the industry and UI but I guess their product line tells the story


chrispy

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Re: UBNT - Ubiquiti Networks
« Reply #121 on: October 15, 2020, 04:23:47 PM »
Article on Pera buying properties (nothing more then entertainment here)

Grizzlies Owner Robert J. Pera Goes Coast to Coast Buying Trophy Homes https://www.wsj.com/articles/grizzlies-robert-pera-homes-11602783796

rkbabang

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Re: UBNT - Ubiquiti Networks
« Reply #122 on: October 16, 2020, 09:29:29 AM »
Article on Pera buying properties (nothing more then entertainment here)

Grizzlies Owner Robert J. Pera Goes Coast to Coast Buying Trophy Homes https://www.wsj.com/articles/grizzlies-robert-pera-homes-11602783796

Thanks for the article.  Pera is definitely a character. 

"Mr. Pera's company ultimately filed plans for a residence on the site by Seattle architect Eric Cobb, which called for a 17,000-square-foot, 70-foot-high building made largely of glass and granite. Community Board 1's Landmarks and Preservation Committee initially rejected the proposal late last year, but later approved a modified version, according to Bruce Ehrmann, chair of the committee who had criticized the original design as hostile.

"The original proposal was intended to shelter whoever was the purchaser from the neighborhood," Mr. Ehrmann said. "The lower levels looked like the ramparts of a medieval fort.""

ValueMaven

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Re: UBNT - Ubiquiti Networks
« Reply #123 on: October 16, 2020, 01:06:26 PM »
Amazing multi-bagger.  Extremely focused on customers, and owns 90% of the float.  Wow.  Very few people own this.  You'd have to wonder why he still stays public...

rkbabang

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Re: UBNT - Ubiquiti Networks
« Reply #124 on: October 16, 2020, 01:19:01 PM »
Amazing multi-bagger.  Extremely focused on customers, and owns 90% of the float.  Wow.  Very few people own this.  You'd have to wonder why he still stays public...

I don't know why he stays public. There are few owners and fewer all the time the way they keep buying back shares.  It was trading at $150-$160 a few weeks ago and if the past is any indication I'd bet they bought back some shares under $160.

chrispy

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Re: UBNT - Ubiquiti Networks
« Reply #125 on: October 17, 2020, 04:10:21 AM »
It appeared like the main benefit of switching to NYSE was the ability to buy back even more shares. Who knows what happens when he nears the NYSE's limit on outstanding shares

rkbabang

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Re: UBNT - Ubiquiti Networks
« Reply #126 on: October 17, 2020, 06:05:52 AM »
If I'm reading the requirements correctly, the NYSE requires  $100M in publicly held shares, so for a $12+B company that is less that 1% that needs to be publicly held.  It also requires a minimum number of publicly held shares, but he could split the stock if he needed to in order to keep buying back.  So he can stay listed until he owns about 99%, more if the marketcap increases.

chrispy

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Re: UBNT - Ubiquiti Networks
« Reply #127 on: October 17, 2020, 12:28:49 PM »
Ah well I guess that answers it. I obviously had not looked

rkbabang

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Re: UBNT - Ubiquiti Networks
« Reply #128 on: November 06, 2020, 07:25:36 AM »
Another great quarter!

Revenues of $473.5 million, increasing 46.5% year-over-year
GAAP diluted EPS of $2.46, increasing 72.0% year-over-year
Non-GAAP diluted EPS of $2.47, increasing 71.5% year-over-year
Additional Financial Highlights
Repurchased 602,003 shares of common stock at an average price of $162.10 per share during the quarter and an
additional 309,133 shares of common stock at an average price of $178.11 per share subsequent to September 30, 2020

http://ir.ui.com/sites/default/files/2020-11/ui-earnings-release-9-30-20_0.pdf

chrispy

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Re: UBNT - Ubiquiti Networks
« Reply #129 on: November 06, 2020, 08:57:08 AM »
Great quarter. Gonna dig into the results. The discussion on seeking alpha has been informative, including this:

On September 11, 2020, the Company received notification from the SEC that it has concluded its investigation as to the Company and does not intend to recommend an enforcement action against the Company.