Opinions
Robert McWhirter
Chartwell Technology Inc.
CWH-T
BUY
Dec 09, 2004
Keen on the internet gaming side in the software. Prefers this company over Cryptologic as it offers a better bang for a buck.
$5.200
Stock price when the opinion was issued
computer software
processing
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DON'T BUY
Sold Chartwell (CWH-T), Cryptologic (CRY-T) and Great Canadian Gaming (GCD-T) and when they moved down in his models at the end of June. When a stock takes a loss of 8/9%, you should take a good hard look as their first loss is usually their smallest. In the bottom 1/3 of his database. Have another look at it in 3/6 months.
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BUY
Thinks it has bottomed. The whole space fell apart in the late summer. This one continues to chug along in adding new customers. From a valuation viewpoint, it is far more realistically valued than it was at $12. Still a little concerned that the space hasn't rolled over, so you may get a bit of a pause here.
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PARTIAL SELL
Software manufacturer for the online gaming industry. Took a tremendous hit in 2005/2006 when US government disallowed funds to be held in the US. Its clients were primarily in Europe. Stock has done very well since the beginning of the year. Has about $0.80 per share in cash. Consider taking some profits. Valuation still looks relatively solid.
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processing