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Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino -- Ignore unavailable to you. Want to Upgrade?

To: MatthewZ who wrote (524)	4/29/1998 6:12:00 PM
From: John Marcinko	Read Replies (1) \| Respond to of 2782

I'm really starting to get excited about this stock. I can't put it all into words, it's just a "big picture" type feeling that's starting to come over me. The last stock I felt this way about was Yogen Fruz when it was trading at $3.00 about 1-2 years ago (presently above $10, I think). The main reason is that in addition to great earnings which are not yet fully reflected in the share price, I'm starting to hear more and more about CRYP from a number of varied sources. Even the business report on 680 News mentioned CRYP's earnings yesterday and the move up in price again today. Bloomberg listed CRYP as a market mover today. I've also read about CRYP in a university newspaper a couple of months back and in the Financial Post recently as a small-cap stock recommendation. What this tells me is that the co. is starting to be legitimized by the market. And as more and more people start to learn about CRYP, not only will interest in the shares pick up, but I believe earnings will also increase as a direct result of the greater public awareness of the company and its affiliated internet gambling sites (i.e., more people know about the gambling sites, more people gamble on them - particularly if the company is a well known listed stock). Once the TSE listing comes, a suspect we'll see mutual fund interest and even greater public awareness. This is very similar, in my opinion, to what happened with Yogen Fruz. Based on Q1 earnings, I don't think it's unreasonable to estimate that CRYP could earn $2/share (fully diluted) in the current year. At just a 20 p/e (very conservative, given the growth), that implies a $40 stock. Based on all of this, I've added to my position today. Just one man's opinion of course. -John.