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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank

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To: George Gotch who wrote (1536)	4/14/1999 3:37:00 PM
From: Bruce A. Thompson	Read Replies (3) of 2414

I'm a newbee investor. Bought today @ $189. Looks like a 38% retrenchment of the bang to me. The good news is that the return on equity here is over 12%. CNBC compared that to 13% ROE for Citigroup and declared it to be substandard. I wish they had gone back to the archives and pulled up Citicorp's 2nd year ROE. I guarantee you it wasn't 12%. It probably showed a loss for the first 3-5 years. This stock is still a baby. Nothing the big banks can do will offset the overhead they have to pay for bldgs. and staff. This is the future and NTBK is the leader. I sat on the side in total amazement of the rise in the internuts. All the time trying to rationalize the #'s. Not this time. 45 days after a secondary offering, the company announces their first split. I'm on board in my IRA and hope to spend the $ well when I retire. JMHO. BT

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