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Ebix Inc. Message Board

  • cemadh_99 cemadh_99 Feb 7, 2013 2:38 PM Flag

    coiled spring

    In my opinion, EBIX is like a very strong, tightly coiled spring that is ready to explode.
    We have seen that many times over the last 2-3 years, shorts have pushed the stock down for no material reason. Every "imminent" breakout has been crushed by the shorts. Raina has tried dividends, buybacks - to no avail. EBIX used to put out "soft" press releases about robust cash flow, number of shares purchased and so on. But since November 2012 --- NOTHING! Except a press release about the dividend.

    EBIX is probably going to announce very good results on March 11. But on top of that, I have a feeling that Raina is going to announce something big. A HUGE stock buyback, a MEGA customer win or something of that nature. This is my explanation for why the company has been so quiet :-)

    I may be wrong on this (it is only a feeling after all), but in any case the stock is good for a couple of bucks pop before the earnings in anticipation of good earnings, ESPECIALLY because the stock has not participated in the general market rally and has a high short interest.

    Sentiment: Strong Buy

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