Sun, Oct 26, 2014, 6:03 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Ebix Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • twfry_2001 twfry_2001 Jul 7, 2011 10:54 AM Flag

    EBIX buys back 414,000 shares between Jun 30 and July 5

    That is my belief as well.

    But when your stock is trading at $20 and there is an offer for $30 or $35, most funds holding the stock are fine with the offer and management is usually very hard pressed not to take it. EBIX Management owns a lot, but only around 25% which my not be enough to prevent a buy out.

    I actually believe this is the #1 reason for accelerating the buy back, it slowly increases managements % ownership and can help prevent a hostile buyout.

 
EBIX
14.25+0.42(+3.04%)Oct 24 3:59 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.