Exactly. Plus a rising tide lifts all boats - this increase isn't all that far out of line with what the entire market is doing right now.
Exactly right ... and a PE of 20 is low compared to its peers. This is a $50+ stock, if it was being measured in a 'normal' way. Unfortunately, the shorts have created an abnormal climate around this stock. At least the business is still functioning well, which in the long term is all that matters....
Let's hope some of them start washing out.
i don't disagree. But the 'top 3' rating is based purely on numbers, and who which stocks enjoyed the greatest % increases. The first half was a pretty nice ride. And more to come.
Here's the writeup:
Ebix Inc. EBIX is one of the leading international suppliers of software and e-commerce solutions to the insurance industry.
"This Zacks Rank #1 (Strong Buy) company has returned 91.9% year-to-date. The company also has a strong current year growth estimate of 17.4%. Moreover, Ebix has a solid forward PE of 16.64x"
Retail. Only 10%. I'm very confident about this stock, but I had a very painful experience being overweight many years ago, and I promised myself I'd never do it again. Hard not to try to throw all the chips into the middle of the table though....
Clearly, someone is extremely bullish on this company. I've owned it for 10 years, and been thrilled with the price action, although the 40 p/e multiple concerns me. I've often wondered if this company will get bought out by a J & J.
$56 was too high for this stock, given its growth prospects. Looking to add more when it gets down to $45 range. Not a basher - frankly, this is the best stock of the last 50 years, and hope to add much more.
Less than 50% normal volume yesterday - tracking to be even lower today. Nice environment for shorts to walk it down a few ticks with small trades.