Author Topic: EBIX - Ebix Inc  (Read 994 times)

estoybien

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EBIX - Ebix Inc
« on: April 12, 2019, 07:55:00 AM »
Anyone following Ebix lately? A previous message thread died out many months ago, prior to new developments, in particular renewed short attacks, the YTRA acquisition bid, etc. Ebix was previously attacked in the 2011-2014 timeframe but the accusations ended up not having much basis to them. The company finally emerged from the attacks with a new London Market PPL contract win and rev/EPS gains. Over a couple years, stock went from teens to 80s. New short attack started in Sep(?) 2018, still ostensibly based in part on shorts' belief that CEO is a huckster and company is built on fraudulent numbers, but also on no-organic-growth-rollup-destinted-to-fail argument. Stock trading around 50 now. More importantly, tho, short thesis aside, debt-financed dive into Indian finance/other markets is a high-risk, high-reward, bet-the-company strategy. Lots of relevant details left out, I know, but curious to know if anyone has been watching this closely and has well-formed thoughts. I've been in it at varying levels since mid-2000s.


gfp

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Re: EBIX - Ebix Inc
« Reply #1 on: April 12, 2019, 08:32:50 AM »

cameronfen

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Re: EBIX - Ebix Inc
« Reply #2 on: April 12, 2019, 08:37:17 AM »
I'm long Yatra, and perhaps you are alluding to this in your post but the Yatra acquisition bid is wild.  See for example here: https://twitter.com/AndrewRangeley/status/1105125484554260481

I have no real opinion on Ebix other than this is kind of sketchy and probably will sell EBIX stock if Yatra is bought out with shares. 

estoybien

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Re: EBIX - Ebix Inc
« Reply #3 on: April 12, 2019, 11:05:23 AM »
Why start a new thread?

I started to reply on that thread but the website said something like, this thread hasnít been active for a long time, consider starting a new thread. So I did.

Jurgis

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Re: EBIX - Ebix Inc
« Reply #4 on: April 12, 2019, 11:34:37 AM »
Why start a new thread?

I started to reply on that thread but the website said something like, this thread hasnít been active for a long time, consider starting a new thread. So I did.

That website comment should be ignored.

Hopefully Sanjeev will merge the threads.
"Before you can be rich, you must be poor." - Nef Anyo
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estoybien

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Re: EBIX - Ebix Inc
« Reply #5 on: April 15, 2019, 02:18:20 PM »
I'm long Yatra, and perhaps you are alluding to this in your post but the Yatra acquisition bid is wild.  See for example here: https://twitter.com/AndrewRangeley/status/1105125484554260481

I have no real opinion on Ebix other than this is kind of sketchy and probably will sell EBIX stock if Yatra is bought out with shares.

You were long prior to the Ebix bid? That's a nice premium to reap :)

cameronfen

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Re: EBIX - Ebix Inc
« Reply #6 on: April 15, 2019, 02:28:11 PM »
I'm long Yatra, and perhaps you are alluding to this in your post but the Yatra acquisition bid is wild.  See for example here: https://twitter.com/AndrewRangeley/status/1105125484554260481

I have no real opinion on Ebix other than this is kind of sketchy and probably will sell EBIX stock if Yatra is bought out with shares.

You were long prior to the Ebix bid? That's a nice premium to reap :)

yes sold a bit when it went up to 520 but not enough...