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Strategies & Market Trends : Fundamental Value Investing

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From: bruwin	5/4/2009 4:13:45 PM
	Read Replies (2) of 4719

EBIX A stock I've invested in, in the past, has now moved back above the price it was trading for back in early October 2008. Since December 2008 it's been moving sideways in a channel between about $19 and $25 during the 'bad' days of the Market, more than likely due to uncertainty in business prospects etc.. I can't see that it had that much to do with the quality of its Fundamentals seeing as ... a) its Annual Revenue was about 75% up in 12 months, b) its EBITDA Margin was at an extremely healthy 43.5%, compared to a still good number of 36% in the previous period, c) its Pre-tax return on CE of over 32%, which was double its previous ratio, etc... I'm prepared to take an initial position, once again, in EBIX and re-assess that position closer to its next Quarterly/Profit update.

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