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  • Ebix rallies on buyback announcement [View news story]
    Interesting. Still an SA editor short Ebix. "only 34.2 million in cash". Forgot to mention the new $200 million credit facility and cash generation. This is going to get ugly real quick for anyone short, better cover now SA editor.
    Aug 25, 2014. 02:14 PM | 4 Likes Like |Link to Comment
  • Short Sellers And Seeking Alpha [View article]
    The only comparison to a short claiming a small cap is a fraud, would be a long claiming insider knowledge of a buyout. Hit pieces claiming fraud with a few made up numbers get published routinely on SA. A piece claiming a buyout would never get published. This has been a problem with SA for a while. I'm glad Yahoo dropped you, for this solves most of the problem. Now we can get back to reading actual arguments and facts.
    Aug 1, 2014. 07:33 PM | 3 Likes Like |Link to Comment
  • Northern Tier Energy: Expect A Lower Payout For Q3 2013 [View article]
    Did you forget about the $22 million from lower capex? I also doubt the repair costs will hit in Q3. That crack spread is lower than my estimate, did you factor in the huge discount to Bakken this quarter? I'm a bit disappointed in throughput, looks like they were going to miss even before the fire. My numbers are more like $.90-1.00 for Q3 distribution now.
    Sep 25, 2013. 07:50 PM | 2 Likes Like |Link to Comment
  • More on Ebix: FBI reportedly probing cross-border transactions [View news story]
    This "news" was copy and pasted from a nine month old article. Good job.
    Aug 6, 2013. 02:52 PM | 1 Like Like |Link to Comment
  • Ebix under investigation for money laundering, shares plummet [View news story]
    The source is a Nov 2012 Bloomberg article. Looks like some short sellers wanted out before an upped buyout announcement on Friday.
    Aug 6, 2013. 02:02 PM | 2 Likes Like |Link to Comment
  • The Truth About Robin Raina's Ebix: Part I [View article]
    Eli, you say good job Gotham City Research, but can you name even one accusation that was brought up in this article and has since been proven right? The reason for the drop today was Goldman Sachs didn't bid enough for the company and was only related to this article in the sense no buyout would have been considered before the share price drop caused by this article and short selling. This short seller has destroyed hundreds of millions of dollars of wealth and deserves jail time, not praise. This is like saying good job to the terrorist that warns you ahead of time that a bombing is about to take place.
    Jun 21, 2013. 11:40 PM | 2 Likes Like |Link to Comment
  • Ebix Worth No More Than $8, Likely Headed To $0 [View article]
    Thank you for the great entry point once again. I made a fair bit from the last one and will be buying early next week. Any chance you could put out another article with a headline of ebix being worth a negative amount before monday? Can you also write one about Google being worth a nickel, I would like to get some shares of it for a good discount.
    Jun 21, 2013. 11:06 AM | 8 Likes Like |Link to Comment
  • Index Investing Vs. Stock Picking: How To Choose [View article]
    Great point about it not being a mutually exclusive choice, just an asset allocation choice. I currently have 40% in index funds and 60% in individual stocks, which I would consider very aggressive.
    Jun 10, 2013. 01:46 PM | 1 Like Like |Link to Comment
  • The Truth About Robin Raina's Ebix: Part I [View article]
    Thank you gothom for the cheap shares. I was feeling left out of the recent run up, but didn't want to buy after such a quick spike. For this opportunity, I will give you some free advise. Take accounting 201 and you will realize there is a difference between internal and external accounting. If you are going to make up a number, don't say 10,000 documents. Now everybody knows you are lying, for even if you are as amazing of an accountant as I am and could error check a financial document in an hour, it would take you 5 years to finish if it was your full time job. Hire a lawyer, an llc does not limit your libel liability and seeking alpha does know what computer you posted from as well as your registered domain. Finally, don't short stocks who are growing rapidly and have an excellent balance sheet, you will have a hard time finding shares to cover unless you write bogus articles.
    Feb 21, 2013. 11:40 AM | 11 Likes Like |Link to Comment
  • Zagg (ZAGG): Q3 EPS of $0.26 beats by $0.10. Revenue of $59.8M (+30.3% Y/Y) misses by $1M. Shares +5.8% AH. (PR[View news story]
    Guidance raised to 259-262 million for the year, with the low end now being above street.
    Nov 1, 2012. 04:20 PM | 1 Like Like |Link to Comment
  • Is ZAGG The Target Of An SEC Investigation? [View article]
    Of course there is an investigation, but Zagg is not the target. Zagg has already stated they filed libel charges against several writers.
    Sep 25, 2012. 12:27 PM | Likes Like |Link to Comment
  • Why QE3 Will Not Happen [View article]
    If QE3 does not make banks lend more, then it will be net neutral. QE3 puts money into the banks. The same amount of money that would have been deposited in banks or invested directly goes to buy the treasury notes to pay for it. The only difference is banks leverage about 5 to 1, and not all the money that goes to buying the treasury notes would have been leveraged,for example some would have went to buy corporate bonds with no leverage. The last QE's didn't work because the banks used the extra cash to de-leverage, so no leverage advantage was gained. Would the banks lend the money out this time, that should be the real question?
    Sep 10, 2012. 11:36 PM | 2 Likes Like |Link to Comment
  • Shares of Zagg (ZAGG +0.5%) continue their bounce off yesterday's conference call spin, but the drama over former CEO Robert Pederson's insider sales continues. After resigning last week following his disclosure of selling of 512K shares, Mr. Pederson revealed another sale late yesterday, this time totaling over 1.25M shares at an average price of $6.90, for a grand total of $8.6M. It has yet to be established whether this sale was conducted to meet any further margin calls. [View news story]
    The first sale was what got him "fired", the second was after the announcement. Both were filed within the two day requirement.
    Aug 29, 2012. 06:01 PM | Likes Like |Link to Comment
  • ZAGG's Conference Call Raises More Questions Than Answers [View article]
    The title of your article is misleading. You ask only two questions that the call raised. Why did Pedersen lie about why he resigned and why did Zagg not report the margin in its proxy statements. The first question has an obvious answer and was not worth asking, to save face. The board asked him to leave, but he can say he left for whatever reason he wants to. The second question is better, but also has a simple answer. Pedersen was leveraged back in december, wasn't in April, and was again recently. Many questions were answered, many more than two. For example, why Pedersen actually resigned, how much leverage he now had, how would the search for a new CEO be conducted, was the Iphone 5 figured into year end estimates and on and on.
    Aug 29, 2012. 05:46 PM | 1 Like Like |Link to Comment
  • ZAGG's Conference Call Raises More Questions Than Answers [View article]
    no wonder why this author got caught. Clearly Pederson borrowed against his long position recently, so Zagg has done nothing wrong. Also, the title hints at multiple quesions, yet the author only points at one, why Zagg did not disclose the margin of Pedersen. Very misleading article attempting to sway opinions, clearly not disclosing all the reasons why it was written.
    Aug 29, 2012. 12:25 PM | Likes Like |Link to Comment