$EBIX released earnings today and shot up 25%, but still has a lot more to go. It currently sits at $31/sh, at just under $1bil market cap, but C-H analyst says proper valuation should be more like $125/sh, perhaps as high as $150/sh, with legacy business worth $50 and Indian financial subsidiary worth another $75 or more. Indian subsidiary IPO is 'imminent', post-covid recovery is accelerating, legacy insurance exchange business growth coming back. Potential rocket fuel is the 17% short interest.
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