Thanks Craig!
Mike, no one knows what kind of money NTBK will be making 10-15 years from now. However, at the current growth rate, if sustainable, it would be a whole lot of money.
Making money is important, but gaining a large foot-hold, IMO, is even more important. As NTBK's stock price rises, they can have more stock sales, which should perpetuate the success story.
Again, all you need to know is that NTBK is spending much less to gain each new account than traditional banks. NTBK also has more profitable accounts, and is growing its total accounts many multiples of traditional banks.
The question is not how much money NTBK can make, we know it can make money, but in how fast it can grow. At a certain size you gain incredible momentum. Usually, traditional institutions are very slow to react to paradigm sifts.
There has is a shift starting regarding how people use banks. NTBK is at the start of it. Anyone who tries to get in late will pay handsome premiums for companies like NTBK, IMO.
NTBK: $ 32
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