Seeking Alpha

prchunter

prchunter
Send Message
View as an RSS Feed
View prchunter's Comments BY TICKER:
Latest  |  Highest rated
  • Ebix: Bloomberg's Campaign Against The Company And CEO [View article]
    I was talking about the Bloomberg writer. Thought it was obvious.
    Jul 19 01:53 AM | 1 Like Like |Link to Comment
  • Ebix: Bloomberg's Campaign Against The Company And CEO [View article]
    There is something wrong with the writer when his only credible source is Gotham, a sham organization created to put fuel short interest in EBIX. Any writer would have spotted the problem with Gotham, but the writer for some reason reports the various allegations by this phantom outfit as fact.
    Jul 17 11:22 AM | 7 Likes Like |Link to Comment
  • Ebix Worth No More Than $8, Likely Headed To $0 [View article]
    doing an audit check is standard operating procedure for firms like Goldman. As for the debt, use these keywords on google and check yourself, EBIX, Citibank, 100 million.
    Jun 24 08:57 AM | Likes Like |Link to Comment
  • Ebix Worth No More Than $8, Likely Headed To $0 [View article]
    Ebix has 78mil in debt vs. 43mil in cash according the the latest quarterly report. On top of that they clear at least $70mil in cash on an annual basis.
    On top of that they've passed due diligence by their auditors, Goldman Sachs, and their Creditor Citibank, Wells Fargo, RBS.
    This is a real company with real earnings that for some unfortunate reason is stuck in Microcap hell being feasted on by short sellers.
    Jun 21 10:23 AM | 5 Likes Like |Link to Comment
  • Ebix: All Distraction, No Clarity [View article]
    Olipso you are right on the money in this being a self fullfilling prophecy. I've spent the last 3 years looking at this stock and it's passed the smell test with their audited financials. All of GCR's research have been proven wrong, but enough smoke and brimstone has been thrown at this company to confuse the average investor.
    We don't know how low the stock will go with the latest short attack, however, the latest setback to the share price will eventually correct itself when like every other rehashed allegation before it has passed without anyone throwing hard proof of any misdeeds.
    Jun 21 10:13 AM | 4 Likes Like |Link to Comment
  • The Truth About Robin Raina's Ebix: Part I [View article]
    Yes, the share price is down, but not for the reasons the article states. It's almost a self fullfilling prophesy where a baseless accusation is made, people and even now the government acts on that accusation and investigates. The price gets driven down and after the shorts cover the most likely thing to happen is that nothing comes of the investigation and the share price returns to where it was previously.
    Jun 20 11:32 AM | 2 Likes Like |Link to Comment
  • Ebix Management Discusses Q4 2012 Results - Earnings Call Transcript [View article]
    @rrurban There was a comment on short sellers, you just missed it.
    "At a time when certain anonymous skeptics keep reminding the Ebix investors that one day, cows are likely to fly. I have to thank our shareholders, who have continued to believe in the company's products, the services, management's 14-year record, the company's consistent ability to generate strong cash flows and the defining truth that cannot be faked sometimes called cash by Wall Street."
    Mar 15 04:02 AM | 1 Like Like |Link to Comment
  • Ebix: All Distraction, No Clarity [View article]
    You assume all executives of micro cap companies are mutli millionaires and that's simply wrong. I seriously doubt you have much experience with micro cap companies if you think someone who takes home $240K a year has $10 mil (or even $1mil) or more to invest in a stock on top of all his other expenses after tax, house, wife and kids take their bite out of their income.

    And for the record, the value of the stocks double if EBIX does become a billion $ company so we would be dealing with Senge $480K (2.4x pay) in shares, Prior $1.5M (5.6x pay) in shares, and D'apice $3.3m (13.6x pay) in shares.
    Mar 11 08:06 PM | 2 Likes Like |Link to Comment
  • Ebix: All Distraction, No Clarity [View article]
    Seems like we are both right on the pay/share holding%. I look at Seng $240K (1.2x pay) in shares, Prior $750K (2.8x pay) in shares, and D'apice $1.68m (6.8x pay) in shares and you chose to focus on Kerris with $16K in shares. The majority of the management team has a significant amount of their assets in EBIX shares. Kerris is the only exception, but then there are multiple reasons for why that is the case. As the saying goes, there are many reasons for not holding, but only one reason for holding.

    As for the number of directors that are swiss, your previous post was that all but one were swiss. I merely pointed out that you were wrong.
    Mar 11 11:11 AM | 1 Like Like |Link to Comment
  • Ebix: All Distraction, No Clarity [View article]
    Where did you get the info on where the board members are based. Nearest I can tell, it's 3 swiss, 2 Indians, and 1 Brit?
    Usually for listed companies, the requirements for BOD are that they have to be independent from the companies operations.

    From the SEC documents
    Under our Corporate Governance Guidelines, we require that a majority of the Board of Directors consist of independent, non-management directors, who also meet the criteria for independence required by the NASD Marketplace Rules. Under such rules, a director is independent if he or she does not have a material relationship with the Company. Our Board annually evaluates each member’s independence status.

    As for your second question, look at any software company and the shareholding of the officers seem consistent with EBIX on a pay to shareholding ratio. In fact most of the executives own shares of the firm that amount to 4-10 times their annual salary even at the current depressed share prices.
    Mar 11 06:15 AM | 1 Like Like |Link to Comment
  • Ebix: All Distraction, No Clarity [View article]
    We all know you are short. However, what makes you think people will continue to believe you when you have been proven to be fast and loose with your facts and half truths? Organizations much more credible then you have went through your report with a fine tooth comb and found the facts lacking.
    Mar 7 10:03 AM | 16 Likes Like |Link to Comment
  • Apple: Zero Growth ... Really? [View article]
    I do think that Apple stock is in deep value territory, which is why I bought. However, people do need to be reminded that there is risk. The risk is in negative growth. I don't think iPhones will fall off the face of this earth, but unless they are able to come up with truely innovative products going forward instead of thinner, faster iPhone/pads, losing market share to cheaper products from Samsung or other competitors are a real possibility.
    Mar 5 08:53 PM | Likes Like |Link to Comment
  • Apple: Zero Growth ... Really? [View article]
    I'm an investor at $425, however, my major worry with this stock is negative growth. Cell phone products is similiar to fashion products and it seems a Samsung phone is "cooler" these days.
    Mar 5 10:17 AM | 7 Likes Like |Link to Comment
  • The Truth About Robin Raina's Ebix: Part I [View article]
    http://bit.ly/ZHCKJt

    Craig Hallem-EBIX CC replay. Enter your name and e-mail then choose your player for the voice file.
    Feb 26 10:03 PM | 2 Likes Like |Link to Comment
  • The Truth About Robin Raina's Ebix: Part I [View article]
    EBIX announces earnings in 2-3 weeks, so they are currently in the quiet period. You won't be hearing much from them until earnings.
    Feb 25 08:54 AM | Likes Like |Link to Comment
COMMENTS STATS
28 Comments
84 Likes