Ebix, Inc. (NASDAQ:EBIX)

CAPS Rating: 4 out of 5

The Company is an international provider of software and Internet-based solutions for the insurance industry.


Player Avatar forexnutca (85.46) Submitted: 7/17/2011 4:25:25 PM : Outperform Start Price: $19.19 EBIX Score: -72.21

Ebix is the LEADING international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and finacial industries.

Ebix currently earns 71% of their revenues from insurance exchanges! These are virtual toll bridges, and they don't require consistent infrastructure costs as a normal toll bridge would require. Their market share continues to grow through organic growth and acquisitions. Recently the company announced a 100M buyback plan with 28M already spent this year in buybacks. At current prices around $18, this poses as a very lucrative proposition for the long term shareholder! Negative sentiment has been baked into the stock as it has heavy short interest.....some speculate over the fourth quarter in 2009 where claims suggest they padded their earnings by 200k (ya...$200,000). While others believe the the clear short pump on seeking alpha (apparently this is the new place to get all your stock info!!...never mind your own due diligence). Other class actions have been filed with no lead plaintiff because of losses by current shareholders (is there any real long term shareholders anymore.....or do they all sue when the stock goes the wrong direction).

Management is very shareholder friendly and has turned around this company since 1999. Robin Raina, CEO, does believe in truth and honesty in running his company and yet shorts criticize this. He owns a lot of his company, does share buybacks, and has mastered acquisitions. What more could he do for the shareholder.

Report this Post 4 Replies
Member Avatar cube2uandme (< 20) Submitted: 8/5/2011 10:40:18 PM
Recs: 0

Great Post. I have been holding Ebix since 29 all the way down to 17 now. Thanks for the words of encouragement. I believe in the company too. I only wish I had learned of it at 17 instead of 29.

Member Avatar markzzzzzz (23.19) Submitted: 8/9/2011 3:19:22 PM
Recs: 0

Ebix keeps improving and still goes down.
Unbelievable! Can the shorts really drive and keep a good stock down this easy?
I don't get it? I know the hatchet job done on ebix ,but damn enough is Enough!

Member Avatar forexnutca (85.46) Submitted: 8/11/2011 7:17:19 PM
Recs: 1

Ah yes, the old fake lawsuits with no lead plaintiff trick.....some shorts will do anything from fake websites, fake lawsuits, and misinformation to pump their short. Welcome to the new stock market. I think it's time the SEC makes it a requirement for large short interests to be transparent.

Member Avatar forexnutca (85.46) Submitted: 8/31/2011 3:00:20 AM
Recs: 0

still buying!!

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