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It will be interesting to see just how much more EbixCash brings to the company over the next year. Electronic transactions are growing but it seems the key for Ebix will be being able to handle the volume of transactions efficiently. India is turning to more and more electronic payment systems. Great time for Ebix to step in and establish a market presence. With cross selling in insurance and travel, it seems Robin and the Board have positioned Ebix to continue to grow. A lot of those systems tend to have low customer turnover, leading to long term relationships.

It was also good to see that the credit facility has been expanded, but I haven't seen how much of the facility is currently being deployed. I'd rather see the company expand using debt at this stage as opposed to any new equity offerings. It also doesn't seem to make much sense to buy back shares. You'd think the money would be better used buying more assets.
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