Ubiquiti Networks (NASDAQ:UBNT) is a wireless communications company that has had a fantastic year. The stock has been my best prediction of 2013, as I first recommended to buy the shares in January and then again in May. Since my first recommendation, the shares have more than doubled.
Now in August, it seems the market and Wall Street are really catching on as the stock continues to soar on the back of improving results. With a trailing P/E now around 30 and an EV/EBITDA valuation of more than 22, the stock hardly seems to be in value territory anymore. However I believe astute investors should never turn away on metrics like these alone, as growth and value...
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