Ebix (EBIX) Comments On Sell-Off
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Ebix Inc. (Nasdaq: EBIX) has commented to StreetInsider.com in response to a negative article about the company from SeekingAlpha, which has triggered a 25 percent sell-off in the stock. Here is what the company said.
1. The Company's financial health is in better shape than ever, as reflected in our operating cash flows of $52.8 million in 2010
2. The Company expects to continue to be consistent in its growth trajectory in 2011
3. The Company's sales bookings continue to be strong.
4. The Company is not aware of anything negative within the Company that should result in a sudden price drop.
1. The Company's financial health is in better shape than ever, as reflected in our operating cash flows of $52.8 million in 2010
2. The Company expects to continue to be consistent in its growth trajectory in 2011
3. The Company's sales bookings continue to be strong.
4. The Company is not aware of anything negative within the Company that should result in a sudden price drop.
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