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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: T-Lo Greens who wrote (2156)8/1/1999 9:44:00 AM
From: let  Read Replies (2) of 2414
 
I too am long NetBank. In regard to the time delays, IMO, account subscriber growth is growing at such a rapid pace that the man power required can't keep up. What was account growth up, 300,000 ? That takes alot of manpower. In any event whatever the numbers are look at ETRADE, and all OLB's, or anything else with the net (even EBAY) is growing so fast and soooo big that they can't keep up. We are lucky that NTBK is making any profit at all.
IMO, further, the new competitors make people feel more comfortable with net banking and net business in general. That will feed to NTBK soon. I hope we soon get the time delays resolved. When we do, then we will really see good growth and a higher stock price.

let
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