Stock of the Day: Ebix

Few companies are having as bad a week as Ebix (EBIX +0.00%), 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 (GS +1.30%) 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 watchlists.