Stock of the day: Ebix

In this installment: Shares of the insurance software maker are cut in half over the past 2 days.

By Motley Fool Investor Beat Jun 21, 2013 1:54PM
Few companies are having as bad a week as Ebix (EBIX), the insurance software company.  Shares have fallen more than 50% now that Ebix is the subject of a criminal probe for intentional misconduct. As a result, the merger agreement Ebix had with Goldman Sachs is off.  Is this stock a value play or value trap?  

In this installment of Stock of the Day, Motley Fool analyst Charly Travers shares why he believes investors should let the dust settle from this investigation before adding Ebix to their watchlist.
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