My guess work:Since the company was able to meet all challenges from various competitors, IRBT eventually come up fine. They are, as of now, holding 88% of market, but will have chances to get this market share reduced by lower price competition. Cost, Quality and reliability wins finally.
I use iRobot 595, bought shark vacuum, used 2 years, finally replaced by Dyson this year. Shark Vacuum are really challenge in price, but Dyson has superior quality like IRobot.
Is UBNT Apple-like? = Yes, UBNT is excellent quality like iPhone, price competitive.
I think I finally figured out how to sell FUSEX. It’s in my IRA from a Fidelity 401k rollover. I’m going to add to the small caps with the proceeds. It may take a couple of days for the account settings to update, so I can sell.
Robert Pera sold 1,000,000 shares on Aug 28. Those in the loop sold before he did, and as news go around more sell. We, the public retail investors are amongst the last to know.
The board approved share buyback of $50 mil and he sold $61 mil worth of stocks. Anyone know his character? Other than spending money feeding those Grizzlies, what else other big money spending? How often has he sold stocks?
The Grizz have a clause. In September or October, the minoroty owners can buy him out or he can buy them out. The minority owners get to name a price. Then he gets to decide if he’s selling for that price or buying them out at that price. There’s an ESPN article on it. The one minoroty owner wants to sell, so he can buy the Timberwolves. League rules say you can’t have an ownership stake in 2 teams at the same time. He will probably need to raise some cash to buy them out.
Shares of Ubiquiti Networks Inc. (UBNT) sank as much as 13% to a three-month low in morning trade Monday before paring some losses, after famed short-seller Andrew Left said he believed the networking technology company was a “total fraud.” Left’s Citron Research detailed a number of “red flags” that suggests what the company was reporting was deceiving investors, including operating margins that were well above its peers and a growing cash position but relatively low interest income. Ubiquiti Chief Executive Robert Pera owns a controlling interest in the Memphis Grizzlies NBA franchise. Ubiquiti declined a request for a comment. The company has an investor meeting scheduled for Sept. 26 . The stock was recently down 5.0%, on volume of 4.4 million shares, compared with the full-day average of about 600,000 shares. The stock has rallied 7.5% over the past three months, but has lost 9.8% year to date. In comparison, the S&P 500 has gained 3.0% over the past three months and 12% this year.