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 (1537)	4/14/1999 7:07:00 PM
From: John Manecke	Read Replies (1) of 2414

I also thought the CNBC analyst didn't quite cover the complete story, though he made some good points. He seemed to imply that since NTBK couldn't match the ROE of C that it 's business model wasn't better than traditional banks. I'm amazed there's any ROE at all. This thing is very new as Bruce says. I'm not looking at the present ROE when considering whether to go long on NTBK. The one point that surprised me was that 40% of internet banking customers for C were new customers. That means they're taking share from someone else. Who are they taking these customers from? That's supposed to be NTBK's business. Any recent reports on why people change banks that is based on facts rather than opinions would be useful to the discussion. John

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