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Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (1685)	8/2/1999 11:51:00 AM
From: Tom Borst	Read Replies (1) \| Respond to of 2419

Can anyone confirm or deny this post 7592 from the Yhoo board? post.messages.yahoo.com It could go a long way in determining a fair market value for USAB . . . See Below! I know the $88 loan portfolio is fact, but did their asset base increase to $350 million? <<<Almost $350 Million!!! BUY NOW!! Post #7592 With the recent acquisition of $88 Million the Bank has grown to almost $350 Million compared to $186 Million at fiscal year ending 1998. The company has also doubled the number of employees along with a stock price that has gone through the roof and will continue to rise. What is next---the possibilities are endless, buy now and be rich in 6 months. >>> Currently USAB has a market cap of $63.4 million . . . 15 13/16 x 4,010,000 shares = $63.4 million. The question is, “Is it currently overvalued or under-valued?” Let's compare apples to apples. Market Cap / Current Assets = ???% of Assets Large Regional Brick & Mortar Banks: Citigroup MC - $150B / $691B Assets = 21.7% of Assets Bank America MC - $116B / $614B Assets = 18.9% of Assets Chase Manhattan MC - $66B / $361B Assets = 18.3% of Assets Internet Banks: USABanc.com MC - $64M / $350M Assets = 18.3% of Assets Telebanc Financial MC - $966M / $2,620B Assets = 36.9% of Assets . . . Telebanc went as high as 96% of current assets! NetB@nk MC - $619M / 527M Assets = 117.5% of Assets . . . NetB@nk went as high as 478% of current assets!