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.

Recs

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Player Avatar NoblyNaive (82.65) Submitted: 3/21/2013 6:21:25 PM : Outperform Start Price: $16.28 EBIX Score: +5.24

Fundamentals: I read TMF1000's excellent CAPS review and checked some of the details independently. Looks like a solid company in a good market, suffering from bad press. I like the fact that insiders have a large stake in the company.

Technical: I have been watching EBIX float down for a while, waiting for bottom to form and an opportune time to get in. As of March 20, 2013, I interpret the triangle formation (completed circa March 20) to mean the end of a local bottom for this stock. $16.19 looks like a good price to get in.

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