Ubiquiti: A Unique Company

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About: Ubiquiti Inc. (UI), Includes: CSCO, NTGR
by: Hervé Blandin
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Hervé Blandin
Long only, value, long-term horizon
Summary

Ubiquiti is a unique growing company: It manages to sell commoditized products with high margins.

Its success and original ownership brings scrutiny.

The market prices the company for success, without considering the risks.

Ubiquiti Networks (UBNT) sells basic network equipment. It generates higher margins than any competitors I am aware of, including Netgear (NTGR) and Cisco (CSCO).

Besides these exceptional margins,