I think the posters here are looking at this situation somewhat incorrectly. Don’t defend the company because you own the stock. Rather be overly critical because you own the stock. What is at stake is your money and you need to make sure it is absolutely in safe hands.
Please don’t confuse defending the company with calling out Left for unjustified fraud accusations. Cramer and the other guy let Left entirely control the dialogue and they should have been just a bit more probing and challenging. Perhaps they would have helped find something about which to be critical.
Regarding being critical, I’ll do this when the business strategy or execution slips.
Regarding making sure my money is in safe hands, Ubiquiti is a bit safer for me than it is for the people panicking, because I have been following the company now for a few years and, through my research and the help of the boards, I am pretty confident that the Citron attack is unwarranted. Besides, if all of my money had to be in safe hands, I wouldn’t be on this board trying to find the next great opportunities.
There is one thing I’d like to mention. It’s about the business model. I’ve been working in a sales type role in tech for more than 20 years and have seen first hand how sales people (many of whom remind me of Andrew Left) through bad incentives and greed, can ruin the long term fortunes of a company. Pera’s successful elimination of this layer, to me, is one of the primary reasons I’m investing in Ubiquiti.
Finally, I am really happy that Pera didn’t accept any invitations to respond to CNBC on Twitter. These guys are only looking for a fight and ratings. Pera should stay focused on the business.