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Old 12-15-2005, 07:45 AM
Sniper Sniper is offline
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Join Date: Jun 2005
Posts: 704
Default Re: Thoughts on the future of PartyGaming (PRTY.L)

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With Party expecting huge growth in the 4th quarter, CRYP is getting pounded (again) today. For those that regret not buying in before CRYP's previous strong earnings growth report, now might be a great time. On P/E basis, CRYP is at about the same value now at $18.50/share as it was back in September at $16.75/share (back then they had EPS of $1.16, now they're at $1.32). If I recall correctly, the low back before their previous earnings report was around $15.50. That's a multiple of about 13.4. Using the new earnings multiple would put a base of around $17.65/share which CRYP appears to be heading towards. At close to that level, CRYP appears to be an exceptionally strong buy, especially if they also are experiencing a similar boom in casino/poker revenue this quarter that Party is expecting.

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We'll see if Interpoker's current 12 days promotion has any impact on the number of users on crypto.

From what I can see, they did not receive much, if any, benefit from the Party shakeup.
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