Working All Day, But Trading Behind the Bosses Back Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark[ox5] who wrote ()	2/3/1999 11:46:00 PM
From: Mark[ox5]	Read Replies (1) of 779

Some highlights from TBFC earnings report: The decline in earnings from the prior year's level reflects management's strategic decision in 1998 to redirect resources to its customer acquisition and brand-building efforts, thereby reducing its earnings. At Dec. 31, 1998, total assets increased to $2.3 billion and total deposits surpassed $1.1 billion, increases of 109.1 percent, and 110.6 percent, respectively, over the $1.1 billion in assets and $522.2 million in deposits recorded at Dec. 31, 1997. 'Our very strong growth in deposits and customer accounts over the year reflects the success of our strategy to forego our traditional levels of earnings and invest them in our brand building and customer acquisition campaigns,'' said Mitchell H. Caplan, president and chief executive officer. This previously announced agreement consists of three distinct phases: a targeted customer acquisition program already in progress; the development of Yahoo!-specific member benefits and a soon-to-be- announced strategic integration deal on Yahoo!'s finance site. Mark

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next