UBNT will buy back approximately 5 million shares Monday. As Pera has always stated this company is for the LONG TIME INVESTORS, so see ya later shorts. This company makes money short and simple, and believe me the next quarter results will be 100 million which will in turn take care of the longs. See ya later shorties
that's a good thought but, per terms of the buyback, they are only permitted to buy 25% of the average daily volume for the past thirty trading days, on each trading day. I believe the average daily volume for the past 30 days is about 700,000 shares, so the most they can buy daily is about 175,000 shares.
well I was assuming the last 30 added and then divided just like any other type of AVERAGE you calculate. I just looked at it really quick and got 20 Mill in the last 30 days going back to July 10 and then took the 25% which gave me around the 5 mill if Pera really wants to stick it to the Shorts whick Im assuming he does then he will go all in on MOnday and chase them out....hopefully they stick to my math formula:)
I agree a BUYBACK is coming! Maybe not all 5 million shares. The total BUYBACK could be 10 million shares. Monday could be tricky...could go down some (.15-.45) on 2-4 million volume just to shake out the weak knees. Personally I see a pull back early up 11:30AM and a come back and close up to 8.95-$9.70. The BUYBACK will be about 1-2 million shares a day and less that $10.00! I'm long on UBNT! I'm accumulating shares at these prices! BOL