Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of insurance software vendor Ebix
So what: This stock suffered an entirely inexplicable fall a couple of weeks ago, but this time there's a real driver behind the action. A scathing three-part article that eviscerates Ebix for being overpriced and possibly fraudulent hit the news feed just as the panic-selling started, showing that investors were taking that message to heart.
Now what: I'd think twice before acting on that damning report. For one, the articles point to CEO Robin Raina as a liability while our own Motley Fool Pro analyst team sees him as an asset, and the Rule Breakers team calls him a successful game-changer. But give the report a read and make the call yourself. Keep in mind it was written by an anonymous writer who disclosed a short position on Ebix and has every intention to profit from whatever market moves the article might trigger.
Interested in more info on Ebix? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. Ebix is a Motley Fool Rule Breakers selection. The Fool owns shares of Ebix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.