Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: amadeus who wrote (1466)	4/12/1999 9:30:00 AM
From: kathyh	of 108040

Interesting article on Netbank... wallstreetcity.com Movers and Shakers Apr 9 1999 3:07PM CST Archives... NetBank is Actual Winner in Virtual Sector by Theo Spradlin NetBank Inc., (NTBK), first went public in July of 1997 at $13 a share, NTBK has traded on high volume and set a new all-time price high this week and is trading late today at $118-3/8 this stock has netted a 810.57% increase in per share value in less than two years. NetBank, Inc. is a bank holding company for Atlanta Internet Bank, a federally chartered Internet-based savings bank. Net income for the nine month period ending 09/30/98 totaled $3.7M vs. a loss of $4.7M for the year prior. NTBK has a meaningful P/E Ratio of approximately 171.55 at its current price, and about 20% of shares outstanding are owned by institutions. A recent Business Wire press release says that "with growth rates of 70%, the Virtual Banking sector as evidenced by Telebanc Financial, (TBFC), NetBank Inc., (NTBK), Security First Technologies Corp., (SONE), is positioned for continued success." All of these stocks show impressive charts with consistent, steady growth. Disclaimer: This report is published solely for information purposes and is not to be construed as advice to either buy or sell a security. Trading involves risk, including possible loss of principal and other losses.

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