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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: sjemmeri who wrote (25216)11/3/2006 1:13:02 PM
From: Paul Senior  Read Replies (1) | Respond to of 78741
 
CRYP. I agree. Looks like still a buy (value) even though stock up today. Revenue, earnings growth indicate USA prohibition hasn't decimated company's business much, if at all. Stock still selling at twice cash with no ltd. which affords company maneuvering room and gives a little confidence to stockholders too.

I've kept a stub position, adding a bit more now.

Company seems to me to have had sharp declines a couple of times. First was when an important customer decided to develop and use their own gaming software instead of CRYP's. Stock eventually recovered from that, then another drop occurred as USA ban on internet gambling bubbled up. In other words, a volatile stock the past couple of years. (imo)