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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: T-Lo Greens who wrote (2058)7/8/1999 6:04:00 PM
From: EenieMeenie  Read Replies (4) of 2414
 
VALUESPEC,

With all do respect, internet banking is being rolled out across almost every commercial bank in America. If you want to profit from this change, buy the stock of the guys that will be selling the software and services to the banks. Don't buy the banks themselves.

Netbank has not shown that it is good at being a bank. All it has shown is that it is good at opening accounts. Wanna make comparisons? Check out Farsight.com (it has been around for 3+ years, subsidiary of D.E. Shaw)..they do everything Netbank does, and with better service. Or checkout Wingspan.com (BancOne). Netbank is _not_ the only player, they are not the Amazon of the Internet Banking Industry.

The only way you will see 40+ in the long-term is if they are bought out. And I don't even think that this will happen.

Investors as this level are either waiting for a huge surprise or a severe write-off.

JMHO,
Chris

Valuespec, it is time that you stopped misleading people.
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