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Reasons simple: price well under its cash/per share of about $3.3, light business model, online casino business, (diverting money losing online poker business now), it is at maximum head wind now: a) US ban of internet gambling, b) moving to Europe from Canada, not a wise move, c) poker business broke down, d) currency hedge loss (or lack of hedge because it reports in US dollar while conduct business in Europe). e) current economy crisis. I could not imagine anything could be worse.
Anyway, detailed info/financial analysis can be seen at fool.com cryp hidden gem discussion board. |
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