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Ebix (EBIX -9.1%) shares plummet on news of a lawsuit accusing the software maker of inflating...

Ebix (EBIX -9.1%) shares plummet on news of a lawsuit accusing the software maker of inflating earnings by overstating accounts receivable. The overstatement allegedly occurred in Q4 2009, representing 1.7% of Ebix’s net income.
Comments (2)
  • If you look at the small amount of the change this is a huge overreaction. Now is the time to be greedy when others are fearful.
    30 Jun 2011, 03:33 PM Reply Like
  • Long term EBIX will surprise to upside.
    15 Jul 2011, 12:55 PM Reply Like
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