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Ebix Inc. Message Board

  • chachacha789 chachacha789 Dec 22, 2011 4:31 PM Flag

    A Letter to Raina/Santa

    Dear CEO,

    I would really appreciate if you could release some positive news on Friday. Make a new acquisition, release one time div, buy more shares for yourself and etc (anything that would make this stock jump higher). I need to see higher numbers in my portfolio for Christmas.

    That would be the best gift ever.


    Ebix Shareholder

    P.S. Although my portfolio already shines because of you, i want more because it's Christmas!

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    • Astutetrade, Peter Lynch famously advised investors to buy "when Mafia rumors abound". The Copperfield slam piece falls into that category. It allowed me to accumulate shares at almost half the cost of what I had been willing to pay. Am I honestly wishing for another hit piece? No. Do I think Copperfield lacks honor and dignity for anonymously publishing false accusations? Of course. Do I believe another hit piece would "destroy" this stock in the long run? Not for a moment.

    • astutetrader2001_translator astutetrader2001_translator Dec 24, 2011 4:57 PM Flag

      Let me see if I have this straight, Copperfields apparently false accusations dropped the price of this stock the equivalent of 5 months of your salary in one day. And you hope that someone (maybe Copperfield again) writes an article bad mouthing your obvious favorite stock so it can once again fall the equivalent of more than 5 months of your salary since you added to your position. You do realize that two such articles, true or not, would probably destroy this stock? And that is what you wish for? Just saying........

    • Beautifully said, twfry

    • surferdan, you can make personal attacks all you want, but your position makes no sense.

      When a person decides to invest in individual stocks, they are taking responsibility themselves to separate misinformation from fact.

      The problem with the market today is not my character, but the fact that most people see the market as a casino, only look at short term gains/losses and do not see the difference between buying a stock symbol vs. taking an ownership position in a real company.

      When Copperfield's report came out, EBIX was my 2nd largest holding, I lost the equivalent of 5 months salary in 1 day. I am early in my career so this was a hugh loss...

      Did I panic and sell?
      No, instead I spent 2 solid weekends investigating EBIX in depth.
      What I found was the report and the market's reaction were nonsense.
      My conviction in the company, it's opportunities and Ranina's leadership was strengthened significantly.

      So what did I do?
      I SUPPORTED the company by ADDING to my position and purchasing more on the way down, finally making another large position around $16. I also SUPPORTED EBIX by sharing my believe on the firm online.

      My investment style is to find undervalued companies, ignored or punished by the market, and then making long-term positions based on my analysis and convictions.

      The only people who lost money due to Copperfield are those who saw EBIX as a stock symbol and not as a real operating company. IMHO it would be better for them to stick with mutual funds and not individual stocks.

    • <There is no character flaw in hoping for a loved stock to fall out of favor so that you can accumulate more at a bargain price. IMHO, of course.>

      I have no problem with you thoughts printed in the above quote. My problem is with hoping that someone or some organization posts wrongful or misleading information that would cause what you described. That is what is wrong with the Wall Street crowd presently, make money at all costs and to hell with morals.


    • chacha, you definitely seem to have a "cup half empty" outlook on your stock portfolio. And not a tremendous amount of patience, I've noticed.

    • I wish Copperfield will come out with another coordinated hit piece on EBIX and take the stock down another 50%.

      Because of him, I was able to load up even more share at less than ttm 8x P/E...

      Guess it depends on your view, but since EBIX is not dependent on the equity markets, Copperfield was the real santa this year IMHO.

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