Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mephistopheles who wrote (853)	3/6/1999 5:10:00 PM
From: Ian A.	Respond to of 2782

Although I agree that p/e is at a ludicrously low, be careful how it is calculated, even if the source is Canada-Stockwatch. $1.99 is basic eps and in US$, after unusual items: A correct computation would be Can$1.41 (US$0.94 @ 1.50), being fully diluted before unusual items, namely bad debt recovery. This would still produce a trailing p/e of ~10. If CRY earns US$0.28 per qtr. for 99, this would equate to Can$1.60, and this is with no growth. The potential for growth is large, particularly if they can increase the number of licencees, it doesn't matter how many casinos are operating, if they use CRY software. Management stated in the conference call that they would prefer to be listed in London and/or Australia than NASDAQ. I still do not know how Gamesmania, fits cry's strategy. also its e-commerce initiative should have a big push forward from management otherwise it may be left at the starting gate, a lot of players are entering this field. Just adding to the discussion. Ian