Opinions
Robert Floyd
Cryptologic
CRYP-Q
BUY
Oct 13, 2006
Moving to Ireland. Even though they are losing some business because of US legislation,, over 70% of revenues are being derived from Europe. No debt, huge cash position and earnings look like they can reach $1.80. Has some challenges, but a cheap stock.
$19.930
Stock price when the opinion was issued
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HOLD
Having a transition year. Reported numbers were shy of what was expected and quality was a little light. Still building their headquarters in Ireland. Expecting a major announcement in June regarding their china development. Expect revenues to pick up in the next quarter or two.
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