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Mike Abate

Mike Abate
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  • How Much Is Ebix Really Worth? [View article]
    I for one hope this deal falls apart. I think the company is worth more money than what Goldman Saks is paying. I hope that this deal is thoroughly investigated.
    May 13 05:58 PM | 5 Likes Like |Link to Comment
  • Goldman Sachs (GS) apparently sees accounting issues at Ebix (EBIX +4.8%) a bit differently than Gotham City Research as an affiliate of the bank inks a deal to buy the company for $20/share in cash. (PR[View news story]
    The stock gets beaten down and then GS buys it. You got to wonder if this was an arms length transaction. I think it should be looked into by somebody.
    May 2 08:34 AM | Likes Like |Link to Comment
  • Ebix (EBIX -3.7%) is lower following its Q3 report, even though the insurance software firm beat estimates and raised its quarterly dividend by 50% to $0.075/share. The company now sports a yield of 1.7%. A slight Q/Q drop in deferred revenue to $18.05M might not be going over well, given revenue rose 13% Q/Q. (SEC probe report: I, II[View news story]
    The CEO denied the probe by the SEC, but I am wondering why mgmt didn't refute some of the points that were elaborated in the research report.
    Nov 9 08:15 AM | 1 Like Like |Link to Comment
  • Among the new positions added by David Tepper's Appaloosa Management in Q1 are Bank of America (BAC), Citigroup (C) and Hartford (HIG). Tepper also likes a couple of mortgage REITs, taking new positions in Chimera (CIM) and Two Harbors (TWO). (13-F)  [View news story]
    Please provide the symbol for the warrrents?
    May 15 08:13 AM | Likes Like |Link to Comment
  • China Jo-Jo Drug Stores: Great Fundamentals for Growth [View article]
    I seem to recall that the Chinese goverment has changed the way drugs are sold in some manner, which has had a large negative effect on drug store sales. That is something that should have been mentioned in the recommendation. I don't recall the exact nature of the change but before buying a drug store stock, further research is needed.

    Mike Abate
    Jan 9 09:56 AM | 2 Likes Like |Link to Comment