SI
SI
discoversearch

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.
Technology Stocks : SFNB, Security First Net. Bank
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: King David who wrote (297)1/19/1998 9:19:00 PM
From: Dan Thomas  Read Replies (1) of 507
 
Don't know when next release is --- probably within next 4 weeks.

SFNB has a good software package from all indications, but the
marketing was so poor. MAYBE with the consulting firm they bought,
that will change. Dumping the bank part of their business will
make the lion's share of expenses go away too. It was eating them up.

BUT UNFORTUNATELY, strategic changes like that require 6-12
months to begin to show on the bottom line, so we may be in the 6-7
range for a while longer. LONG TERM, I think SFNB might be a
good accumulate stock - if it goes to 12 in a year from 7 1/2, that
isn't a bad return. Better than a CD.

I'm in a little lower at 8 1/4 ... it fell right after I bought (same day)
and hasn't been back. Thinking of averaging down at 7 if it comes
back down. Best wishes ... I'll give it some more time.

Regards,
Dan
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News