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: Bruce A. Thompson who wrote (1947)	6/16/1999 10:21:00 AM
From: Mike Milde	Read Replies (1) of 2414

<< The company has doubled in accounts twice in the last 12 months and looks to double twice again this 12. That would make the PE in November around 18 or lower assuming they can scale profits with account growth. >> I held this stock for over a year before selling it and have always been very bullish on NetBank, but this thread has become so rediculously euphoric over this company. It's great that they are quadrupling accounts, but that does NOT mean that earnings will quadruple. And when they keep selling stock to run the company it takes even more earnings to hit the same earnings/share numbers. No one here is giving an in depth analysis of this company as you would see a year ago. Now it's just, "They doubled accounts again!!! BUY!!" That's just plain stupid. It's EASY to increase the number of depositors. All you do is advertise more. That's never been a secret, not even 18 months ago. The challenge though is to MAKE MONEY, and no one here is describing where their earnings are expected to come from. Mike

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