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CryptoLogic named 'must buy' by investment advisors

Stock advisory website the Motley Fool has repeated its assertion that online casino software developer CryptoLogic remains one of the wisest share purchases, urging its readers to buy the stock.

Citing the continual increase in CryptoLogic's share price, article author Tim Hanson advises that the fact that one third of the company's market cap still exists as cash means that it is not too late too invest.

The investment writer suggests that CryptoLogic, as a company that has a strong European and worldwide standing, has little to lose in the long term from prohibitive US measures such as the Unlawful Internet Gambling Enforcement Act (UIGEA), which was passed in 2006.

With CryptoLogic securing a number of new licensing deals at the start of 2007 with big name companies such as Playboy, the company's share price has witnessed an upward trend.

Describing it as a company "with great prospects", Mr Hanson affirms that "these, in short, are the times you must buy."

This week CryptoLogic announced the latest in its increasingly large series of acquisitions, that of Scandinavian poker site Parbet.com.


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