Bharper

CryptoLogic: Have They Set the Bar Too High?

Whether the business is a "value buy" depends on what the company is worth? At the time of your article the business was being valued at about $10 excluding cash. So the question is, is $10 a value price? CRYP will have earned around $1.80 in 2006. Of course this is before the U.S. changes, but is it worth taking the risk with the uncertainty as to future earnings? I say yes.