...that earnings are coming out in 2 weeks and once again it will be evident that EBIX is a cash generating machine. They know their "analysis" is bogus and need to cover before everyone else catches on to just how ridiculous all the allegations were. We've also been down this law firm xx and yy opened an investigation path before, and know it ends up nowhere.
My only hope is RR took advantage of these prices and retired another several million shares. At these prices it is the smartest thing he can do.
"These sustainable, robust operating cash flows has enabled Ebix to continue to return capital to shareholders during the year with $15 million of share repurchases and $5 million of cash dividends paid."
They expanded the repurchase plan to $100M in 2011, but if I remember correctly they did purchase over $50M shares in 2011.
It's a good question, my guess is they had roughly $10M to $30M left, but that's a guess.