Last Time Out
In our last two missives, "Left And Citron: The Boy Who Cried Wolf?" and "Left, Lawyers, Grizzlies And Money, Oh My!," we Nattered regarding short activists, and their affect and effect on valuations.
Does one still wonder why Ubiquiti? why now? Or what underlying circumstances might have caused the UBNT, Citron situation to manifest itself? Or how investors could accidentally get caught up in such a series of unfortunate events?
As Violet Baudelaire said, there's always something. After traversing this long and dusty trail, replete with bear activists, shareholders, lawyers, grizzlies and money, Oh my! We are somehow reminded of this.
On Tuesday 09/12 Ubiquiti was $59.81, by that Friday it closed down 8% at $54.95. The following Monday 9/18, upon the release of Citron's report, the stock fell another 13% to $47.78. Ubiquiti has since rebounded to close at $60.32 on 10/14.
Apparently, in light of the Citron allegations and subsequent investor reevaluation of such, the stock has surpassed the pre-report valuation. This constitutes a 21% decline and rebound, or 42% valuation fluctuation in the space of 23 trading days.
One can only speculate as to who profited from the 8% "pre-report" decline and subsequent 34% in valuation fluctuations. Who knew? Moving West...
Speaking of fluctuating valuations and rebounds, we offer you now a little item called...
Whip It
"Whip It" is a new wave and synth-pop song by the American rock band Devo, featured on their 3rd album Freedom of Choice (1980). Due to its nonstandard tempo and strange lyrics,"Whip It" was not expected to be a hit.
It's hard to find anyone between the ages of 30 and 50 who does not have a vivid recollection of "Whip It," the kind of unusual track that made listeners want to bop their heads and break into
