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Strategies & Market Trends : Fundamental Value Investing

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To: Madharry who wrote (924)	5/7/2009 4:25:29 PM
From: bruwin	Read Replies (1) of 4720

"The Market" seems particularly skittish and fickle at the present time. Yesterday there were those who had no problem trading WFC at close to $28 a share. Today it's below $25. Needless to say, that's what gets reflected in charts, so making decisions on those movements can be disconcerting. Of course, taking some profit as you've done is "money in the bank" and is always good for "investing morale" !! Another example is a stock I've entered once again, namely EBIX. It announced its latest Q1 yesterday and showed improvement over the previous Quarter, and much better than the last Q1. It may not have been a "stellar" rise in Revenue, but if one considers the current business climate, then even a modest increase has a lot going for it. If you take EBIX's TTM EPS we have about $3.07/share. Based on a modest P/E of 10, EBIX could be trading at about $30/share. Instead it's fallen back today to about $25. It will be interesting to see how it pans out over the medium term.

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