I believe that those big contracts that Mr Raina talked about could be eminent. He wouldn't have talked about them without good reason that Ebix could obtain them. He's not going to overstate at this point in the game. He's more carefull than ever in what he says. It's the biggest reason that I canceled my small sell order. If I need to raise more cash, I'll sell something else.
I canceled my small sell order at $32.23 the other day. After I read what Mr Raina stated about upcoming deals bigger than the London one and the continuing buy back, I thought that shorts are on the verge of losing it. Today may be the beginning of their end. God bless them for giving us cheap shares before their demise. Rest in hell.
Anyone who listens to a short will get burnt. Shorts try to herd sheep rather than educate people. Brands rise and fall with the times. Having many brands helps with those highs and lows. While one is up, another could be down. Peanuts will hit a high by year end. Others may go lower with store closings. New markets may increase demand while old ones may decline. New brands can be instituted to replace the old but there's no guarantee of success. The business isn't static. No business and management can be static and survive. Things from the past can come back. Vinyl records have come back. The future is the future and that can not be predicted by anyone, including any smart ace short no matter how smart he is. Shorts who write articles/blogs stating their position and so called financial analysis are destroyers rather than builders/educators. They destroy more for the power over others rather than for financial gain. They would rather have a victim than the money.
Well when you have only one analyst following Ebix and he is ticked off at what shorts say about him, I wouldn't expect anything different. But you did notice that estimate was withdrawn as of late. Now no forward yearly estimate is available.