I think this sums up

the irrational state of the market right now

Ubiquiti Tumbles 9% Despite FYQ3 Beat, Higher Q4 Rev View

http://blogs.barrons.com/techtraderdaily/2014/05/08/ubiquiti…

Jason
Long UBNT

2 Likes

the irrational state of the market right now

This is great if it still stays down tomorrow. I had to laugh when I saw the drop. I will be adding some more tomorrow if it stays down.

Andy

With as many questions as they had about inventory, I thought I was listening to the audit committee call instead of the earnings call. At least they’re focused in the big picture.

I haven’t had a chance to read or listen to the CC yet Jason but they did up the inventory a lot last quarter in the expectation of huge sales. With revenue up 78% yoyo I would say that they had huge sales but maybe 7% up QoQ wasn’t big enough. I will get a page post out on it this weekend but if they take a big hit again tomorrow I will be buying. This is to good a company for this.

Andy