Seeking Alpha

srmedava

srmedava
Send Message
View as an RSS Feed
View srmedava's Comments BY TICKER:
Latest  |  Highest rated
  • Executive departures swell at Infosys; Murthy unfazed [View news story]
    Deja Vu,

    Nonsense, Higher Pay = Higher Performance
    Apr 14, 2014. 02:11 PM | Likes Like |Link to Comment
  • Blucora (i.e. Infospace): Worse Than Blinkx Plc And Babylon Ltd. [View article]
    Punsterr, awesome explanation of Gotham's tactics.

    BCOR longs, be ready for more drip drip drip news on BCOR from Gotham.

    Gotham City Research = Law of diminishing returns now

    Their impact on the shorted stocks is not producing great returns any more.
    Feb 18, 2014. 04:39 PM | 1 Like Like |Link to Comment
  • Blucora (i.e. Infospace): Worse Than Blinkx Plc And Babylon Ltd. [View article]
    Gotham City found a sweet spot to attack and that is companies with market cap of between $500M - $900M. All the companies they attacked are in this range with about 30 - 60M share count. They have published numerous articles on EBIX, probably made lots of money by going short before publication. Now every institution is buying EBIX after Gotham's claims turned out be bogus.

    I have no idea what BCOR does but Gotham City's accusations can be ridiculous and now the burden is on BCOR management to disprove. EBIX looks like they have successfully refuted all the allegations and seems to be on an upward trend with all kinds of institutions loading up.
    Feb 18, 2014. 11:07 AM | 3 Likes Like |Link to Comment
  • Ebix's Valuation Says 'Guilty Until Proven Innocent' - Worst Case: 25% Upside [View article]
    Seeking Alpha also probably provides a preview of these articles just like Reuters to their dues paying customers or traders so that they don't lose their shirt when such articles are published.

    Excellent article by the way refuting all shorts. But we need to wait to find the real damages from the US Attorney.

    Raina has a run a tight ship with EBIX and has a lot at stake. We all know it is not fraud since they have paid dividends for at least 5 quarters or more. It is just a question of how much the damages would be, if any.
    Jul 19, 2013. 10:42 PM | 4 Likes Like |Link to Comment
  • Ebix's Valuation Says 'Guilty Until Proven Innocent' - Worst Case: 25% Upside [View article]
    It is an options expiration day today, so I think Seeking Alpha withheld this article until after close to prevent a pop. Seeking Alpha along with Bloomberg is on this game in partnership with the short sellers.
    Jul 19, 2013. 10:34 PM | 5 Likes Like |Link to Comment
  • Ebix Shareholders Are Getting A Raw Deal [View article]
    US Investor, what is the strategy? I can't post on your blog. Is there something that you need to open it up.
    May 10, 2013. 03:56 PM | Likes Like |Link to Comment
  • Ebix Shareholders Are Getting A Raw Deal [View article]
    Neither would he receive my approval. Agree with all the longs here.
    May 9, 2013. 03:41 PM | 2 Likes Like |Link to Comment
  • The SEC's probe of Ebix's (EBIX -5.6%) accounting has been "upgraded to a formal investigation," Bloomberg reports. That has led shares of the insurance software firm to tumble to $19.44, 2.8% below Goldman's $20/share buyout price. Bloomberg originally reported of an SEC probe back in Nov.; CEO Robin Raina responded by calling the report "inaccurate and misleading." SA contributor Gotham City Research has been quite critical of Ebix's accounting (also to Raina's displeasure). [View news story]
    Been there before so move on. Don't see anything new in the article. Same old rinse repeat rinse.
    May 2, 2013. 10:43 PM | 1 Like Like |Link to Comment
  • Ebix: All Distraction, No Clarity [View article]
    Which call options are attractive now? I have read all about EBIX that there is to know and I want to which month's call options are priced reasonably for a good return. I am bullish now after reading all the comments and Gotham's articles. I think 16 or 17 strike in a couple of months would be good.
    Mar 9, 2013. 05:29 PM | Likes Like |Link to Comment
  • Ebix: All Distraction, No Clarity [View article]
    Spin,

    Thanks for explaining this out clearly to folks like me with no accounting background.

    Keep up the good work.
    Mar 9, 2013. 05:24 PM | 4 Likes Like |Link to Comment
  • The Truth About Robin Raina's Ebix: Part I [View article]
    Yes it is.
    Mar 9, 2013. 05:04 PM | 1 Like Like |Link to Comment
  • New York City's public pension funds have joined CtW Investment and advisory firm ISS in opposing the re-election of H-P (HPQ) directors John Hammergren and G. Kennedy Thompson. The funds collectively own 5.5M H-P shares. City comptroller John C. Liu accuses Hammergren and Thompson of failing to "protect investors from costly, misguided acquisitions" - EDS and Palm are named as examples, along with Autonomy. [View news story]
    I voted against Lane, Hammergen and Thompson with my 2500 shr position.
    Mar 9, 2013. 01:57 PM | Likes Like |Link to Comment
  • Ebix: All Distraction, No Clarity [View article]
    Mr. Daniel Yu,

    You said:

    "Not only were Raina's responses inaccurate, misleading, and/or irrelevant, he completely ignored some of the more serious concerns from our original report4:

    Ebix's core business is deteriorating and its balance sheet is weak.

    The company's stated tax strategy is a sham, as it is supported by transactions that served no economic purpose other than to minimize taxes.

    The Robin Raina Foundation's IRS form 990 returns are full of material accounting irregularities."

    A rebuttal for each point you mentioned above:

    1) Shouldn't the CEO be concentrating on improving the business rather than worrying about idiotic reports like yours.

    2) Isn't tax minimization a strategy and when it is available, why not use it to make more profits. There is nothing illegal about using tax minimization strategies. Don't all companies do that?

    3) Why do you care about Mr. Raina's charitable foundation. That is his money and he can do whatever he likes. Please talk about business only and stop blabbering about his charitable foundation.
    Mar 7, 2013. 10:53 AM | 13 Likes Like |Link to Comment
  • Chairman Ray Lane and 3 other H-P (HPQ -0.3%) board members are set to meet with ~20 major shareholders to help fight off a campaign to kick out Lane and 2 other board members at the IT giant's March 20 shareholder meeting. Among the disgruntled investors is CtW Investment, which owns 7.8M shares. "H-P shareholders are once again suffering from disastrous deal making, lack of accountability and flawed oversight," says CtW head William Patterson, echoing critiques made by many others. (tablet announcements[View news story]
    Kick him out. He hasn't done anything for HP, except make stupid acquisitions and hire a CEO that was fired shortly.
    Feb 25, 2013. 02:44 PM | 2 Likes Like |Link to Comment
  • The Truth About Robin Raina's Ebix: Part I [View article]
    How long have you been following this company? This is the third hit piece by the same folks in 2 years and no fraud ever happened. The earnings and sales are growing at a nice clip. The officers at EBIX clearly know that they are under the microscope and I think they have spent a lot of their time on proper accounting methods. I haven't read the article completely but I know this is another piece of creative writing to benefit in the short term.
    Feb 24, 2013. 08:18 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
22 Comments
43 Likes