Well I feel the obligation to share what I did with my UBNT stock. I sold. Yeap that is right, I let that loud mouth stock manipulator Left, scare me out of my stock. Why you ask?
Let me back up for a moment. I personally own five companies, some sole owner and some of which are partnerships. I feel very fortunate to be a business owner in America. My companies all make me money most years. However if I wanted to sell any one of them tomorrow it would be near impossible to get even close to fair value.
That is why I love stocks. That is why I feel Saul is so successful with his stock performance. The ability to get in and out for whatever reason you have (Saul has a knack for sell a position like no one I have ever seen). So when something comes up with a stock I own like a lawsuit, temporary problem like food poisoning (CMG) or a speculative short trader accusations I can sell. When these same issues come up with my businesses I own…I do not get good sleep, I think about them all the time, it effects my happiness…but unfortunately that part of owning a business.
Many here would say that is what stock ownership is; owning a business. Yeap your right, accept the thing I love about stock ownership is I can sell at any time for whatever reason and somewhat of a fair value. Try doing that with a business you personally own…not going to happen.
When CMG had their food poisoning issue, everyone was like temporary set back, no big deal. Then they had a second incident, I was like “peace out” and sold quickly. That the advantage of owning stock versus owning a chipotle franchise. After that the stock spiraled downward, I believe it still has not recovered (I do not follow it any more). I learned the hard way about trying to catch a falling knife early in my investing career with FMD (a motel fool hidden gems pick), I lost 1/3 of my retirement savings at age 30. Thankfully I had another third in NFLX which gains me 2500% increase over the next ten years which more than made up for it.
Anyways Mr. Left probably is full of crap, but honestly I do not care, I sold the stock like a hot potato (which by the way I came out ~+1%-break even after being invested a few months). I can always buy in down the road after this is cleared up. I probably will not however as some of the issues he raised has increased my awareness and I am uncomfortable enough with them that I feel I can put my money somewhere else safer (no current investment plan as this moment).
Please do not perceive this as I am right and others are wrong. I just have not seen anyone share this view point. I think its important to point out that one of the advantages of own stock versus owning the company is the ability to not have to endure B.S. when it arises. I wish everyone invested in UBNT plenty of success!