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CryptoLogic Limited Message Board

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  • stockteam1 stockteam1 Mar 18, 2008 8:24 AM Flag

    Cryptologic Q4 net earnings up 153 pct, sees continuing growth in 2008

    "The company also benefited from a release of a contingency of $2.0 million" and I would think that this would diminish the power of the earnings increase that I first noticed.

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    • According to the call, the one time write off of 1.75 million is a one-time event, so this basically offsets the $2M in release of reserves. The net effect seems to be that CRYP really did beat by about 15 cents.

      No matter how you slice it, CRYP is dirt cheap.

      Another thought: They suggested that revs were driven by the release of Spiderman and other games in DECEMBER. If these games had any lasting effect, then Q1 should be phenomenal.

      Another thought: They intimated that they couldn't buy shares for the past 75 days, but that they talk about buying them all the time. You think maybe we get some repurchases or even some insider buying. I would think so.