NetBank(NTBK)-formerly Atlanta Internet Bank Message Board

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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank

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To: Neil_L who wrote (2112)	7/23/1999 1:22:00 PM
From: Bo Didley	of 2414

Briefing.com recovery to $35-$40 >>unlike most Net companies, NTBK remains profitable... Company expected to earn $0.15 for FY99 and $0.30 in FY00... Resulting p/e multiples of 181x and 90x confirm that the stock isn't cheap, but given long-term growth rate of 58%, we would argue that the stock isn't overly expensive either... Especially when you factor in takeover premium (NTBK oft mentioned as takeover candidate)... Technically, stock nearing key support in the 25-24 area... If this floor holds, look for NTBK to stage a solid near- to intermediate-term recovery to the 35-40 range. -- RW <<

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