I didn't follow the Foolish recommendation to sell in May and for that I feel rather foolish. So I was caught long last week. But I'm not selling now either. My position is less than 1% of my portfolio and I plan to ride this out a little longer. Ebix will continue to operate during the investigation, generating cash flow, revenue and hopefully profits as it has in the past. It owns valuable software and a large customer base. While directors and/or officers may go to jail, I expect the company to survive. New accounting may reveal that historical returns were smoke and mirrors or accurate. Time will tell.I have been watching this board for several days looking for a post from someone in situation with Ebix. I'll bet I'm not the only one. So here are my thoughts. Shoot all the holes in you want. We will see how long a "little longer" really is.
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