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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: zonder who wrote (31540)6/6/2005 10:53:31 AM
From: Knighty Tin  Read Replies (3) of 116555
 
zonder, on the bare numbers, it looks dirt cheap. My guess is that the price gets ratcheted up.

I think it is impossible to maintain the growth rate, but not high growth. The days of 400% revenue gains are over now that the base is so large.

80% of profits are US, but foreign play is growing 3 times as fast as US, for all of the poker sites. On the Cryptologic casinos, it is about 3 to 1 non-American. Of course, half of the Crypto casinos do not allow Americans, so that has an impact.

The listing may give the Bush Injustice Dept. a nice, fat non-American addictor and tax scofflaw to go after in the courts. Ours is an administration that likes to create these tempests in a teapot to keep the gullibles' eyes off their larger crimes.
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