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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: Les White who wrote (528)	5/27/1998 6:49:00 AM
From: jjs_ynot	Read Replies (2) \| Respond to of 2414

However, Increased deposits will add to operating earnings and thus retained earnings. Since breakeven was reached several months ago; any new deposits will be very accretive to the bottom line. And a substantial increase in deposits has already been recorded FWIW.

To: Les White who wrote (528)	5/27/1998 7:26:00 AM
From: Benny Baga	Read Replies (1) \| Respond to of 2414

The one thing I don't agree with: "In any case, Atlanta Internet will have to keep growing at a breakneck pace to justify its current multiple of 4.4 times book value. With the nation's top 25 thrifts selling for an average of around 20 times trailing earnings" ...The author is stupid enough to try to value AIB using traditional valuation methods, when AIB is not a traditional bank. The PE should be close to the growth rate of the company. I think the nations top 25 thrifts are growing around 10% a year, while AIB is growing at 50%+ a year. It's just plain stupid to think that AIB should trade around the same PE as the large thrifts. IMHO. Benny