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Ebix (EBIX -22.9%) is "not a Chinese fraud, but a house of cards nonetheless," a newsletter...

Ebix (EBIX -22.9%) is "not a Chinese fraud, but a house of cards nonetheless," a newsletter claims, citing several factors from a history of auditor turnover and accounting red flags to a "controversial CEO [who] appears to demonstrate a history of misrepresentation." Shares, which had hit 52-week highs this morning, plunge 20% in the past hour.
Comments (11)
  • btaylor966
    , contributor
    Comments (12) | Send Message
    I did not have much but got hit by this one as well as JDSU, FN, FNSR in the last couple of weeks. What does this mean, stay away from China or what?
    24 Mar 2011, 02:56 PM Reply Like
  • catamount
    , contributor
    Comments (376) | Send Message
    JDSU and FNSR got hit because FNSR reported poor earnings while expectations were high. Both are good companies with good technology. There is a lawsuit coming against FNSR, so we will see if there is merit to the accusations.
    24 Mar 2011, 03:23 PM Reply Like
  • jell999
    , contributor
    Comments (4) | Send Message
    An article written by someone hiding behong a psuedonym - What is the original posters real name? What is their relation to this company, and what is their agenda?


    Without coming out with this information strongly suggests a short scam by the poster.
    24 Mar 2011, 03:10 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
    Most of the chinese companies are fraud and trying to make money.
    24 Mar 2011, 03:17 PM Reply Like
  • darrel baker
    , contributor
    Comments (2) | Send Message
    I thought Ebix was based in India.
    24 Mar 2011, 08:36 PM Reply Like
  • ozzfan1317
    , contributor
    Comments (227) | Send Message
    Ebix is based in Atlanta with a good chunk of its operations in India as well \. Headquarters are in Atlanta.
    24 Mar 2011, 08:57 PM Reply Like
  • darrel baker
    , contributor
    Comments (2) | Send Message
    I'm 70 yrs.of age and have recently been diagnosed as having a Parkinsonsism. I have three wonderful daughters (although I haven't seen one of them in years and years due to some silly disagreement with her mother) who by the way, takes wonderful care of me and still finds time for me.
    24 Mar 2011, 09:01 PM Reply Like
  • PeakOilToo
    , contributor
    Comment (1) | Send Message
    Anyone who tries to make a quick buck in this manner has criminality in his blood. Rest assured that the SEC and Ebix shareholders will have the last laugh when Mr. Anonymous is placed under the microscope and can no longer hide behind his blogposts. Karma's a female dog.
    24 Mar 2011, 10:29 PM Reply Like
  • markscott
    , contributor
    Comments (25) | Send Message
    I don't know what you are up to other than the obvious.Some have suggested you are scared of your short position which you admit to from what i hear is why you put out a bogus write-up as it is real news.
    If this is so, i hope you end up in jail where you belong.
    Since you are not a big wheel like Goldman sachs, or merryl lynch you can't get away with it like they did when they manipulated the market and pled no contest and paid out hundreds of millions of dollars.
    Wise up and more importantly man up.If this is what you have done
    you are nothing but a coward and scum beneath the bottom of the barrel.
    24 Mar 2011, 11:32 PM Reply Like
    , contributor
    Comments (129) | Send Message
    That phantom author is most likely a "pump & dump" stock scammer looking for a new playground at seeking alpha.
    25 Mar 2011, 06:46 PM Reply Like
    , contributor
    Comments (129) | Send Message
    ebix is rising in after-market hours today.
    25 Mar 2011, 06:46 PM Reply Like
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