No. of Recommendations: 22
Hi Retirementdough (et al).

I have been an Ebix shareholder for more than a decade and its return to me has roughly doubled the S&P 500's return in that time frame. Doubling the S&P 500 for more than a decade is noteworthy, in my opinion. There was a time when I studied the company VERY carefully, but that was a few years ago now. Here are a few quick observations:

* Robin Raina (the CEO) has a very good head for business, but he is also a bit of a character.

* India always seems to have a lot of promise because of its large population. It is a difficult place to make money, in my experience.

* The analogy to MongoDB seems stretched, in my opinion, but I'm happy to hear you out if want to go into more detail.

* I am aware of the IPO plans, but would want to research them MUCH more deeply before presenting anything on this board.

* If there is real interest in Ebix on this message board, I will take the time to regain deep knowledge of it.

* There have been times when I disagreed with an Ebix assertion that an acquisition was "immediately accretive to earnings". Nonetheless, I thought highly enough of the company to remain invested.

* Ebix is an incredible bargain compared to where it was trading a year or two ago. Of course, that says virtually nothing about whether it will be a bargain today compared to where it will be trading a year or two from now.

* At least historically, Ebix has been prone to short attacks. Of course, that cuts both ways... Sucks if you buy just before one; great if you buy during maximum FUD.

Really... If there's interest here, please say so. This is a company I'd be quite game to dig deeper into. If there isn't interest, that's OK; that time can be profitably spent elsewhere...

Fool on!
Thanks, and best wishes,
TMFDatabaseBob (long: EBIX, MDB)
See my holdings here:
Peace on Earth

Please note: I am not a member of any newsletter team. My opinions are my own and do not necessarily reflect those of the TMF advisers. I want to share my research with you since we’re all part of the larger TMF Community.
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