Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.78, read 2026-11-02
Ethical does not pass the values gate
Price5.36 USD
Fair valueUnder review
Ethical score70.0/100
Our investment reviews on this name
2026-10-21Read Distribution5.64-4.9% to today ✓Markdown gives way to Distribution after a 40% slide in 3 weeks
2026-10-02Read Markdown9.45-43.2% to today ✓Accumulation gives way to Markdown after a 7% slide in 2 weeks
2026-09-15Read Accumulation10.16-47.2% to today Markdown gives way to Accumulation after a 6% rise in 4 weeks
2026-08-15Read Markdown9.54-43.8% to today ✓Accumulation gives way to Markdown after a 25% slide in 6 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Uniti Group Inc. holds its Distribution at $5.36. Elevated stress, defensive posture warranted, held for 7 days.
As held on the ledger · 2026-11-05
Phase
Distribution · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 7 days
Price at the screen
$5.36
Valuation
3.49 trailing · -7.68 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.44
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
83.27%
Below 33%
Interest-bearing debt is 83.3% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
3.43%
Below 49%
Money owed to the company is 3.4% of assets, under the 49% limit.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Uniti's business is in a permissible area, but its interest-bearing debt is about 83% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Today UNIT does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Fair value under review. Our model's value is 2.02x the price, above our 2.00x limit. We show no fair value, margin of safety or value read built on it until the review clears.
Where our models see it going: no fair-value estimate yet, range not available, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Fibre Pipes Underpinning Rural America Look Uninspiring
Picture a network of fibre cables snaking through small towns and connecting homes that bigger players ignore. Uniti builds and runs those links, delivering connectivity to more than a million users while posting 236% revenue growth and a 42% profit margin. The shares trade a shade below our fair value with only a slim margin of safety and analysts sitting on a hold rating.
Yet the opportunity rating sits at none. A forward earnings multiple of minus 15.5 times signals the market sees thin or negative profits ahead, the moat remains unknown, and the business offers nothing that sets it apart from other specialist real-estate plays in the same space. Ethical screening clears it, but that alone does not create an edge.
Risk centres on execution and customer concentration in a capital-heavy sector where one large contract loss or slower fibre rollout could quickly erase the modest valuation gap. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
UNIT trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-06Distribution$5.36-1.6%Entry 14
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 1.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-05Distribution$5.45+7.7%Entry 13
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 7.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-04Distribution$5.06+0.0%Entry 12
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-03Distribution$5.06+0.0%Entry 11
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02Distribution$5.06-5.4%Entry 10
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 5.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-28Distribution$5.35-5.1%Entry 9
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 5.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 17.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 36% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10.
2026-10-14Markdown$6.87-27.3%Entry 7
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 27.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 47% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10.
2026-10-02Markdown · changed$9.45-7.0%Entry 6
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 7.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 47% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 6.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 47% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 62%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (9 analysts) rates it hold, with a mean price target of $10.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
