Ebix was recommended at $22.83 by Upside in Investment Digest issue 710, dated January 4, 2012.
“Ebix, Inc. (EBIX) is being downgraded to Sell, reflecting declining Quadrix scores, discouraging share-price action, and downward earnings-estimate revisions.
“The Overall Quadrix score is 77, down from 91 at the end of February, hurt by an Earnings Estimates score of 7. For 2012, the two-analyst consensus now calls for per-share earnings of $1.60, down from the $1.67 expected a month ago. Last year, the company earned $1.75 per share. Ebix, first recommended as a Buy at $22.66 on Dec. 29, should be sold.”
- Richard Moroney, Upside, April 10, 2012