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

To: Ron Kline who wrote (1331)	4/9/1999 8:39:00 AM
From: T. Pog	Respond to of 2414

Good writeup on NTBK on Briefing.com's daily 'Stock Brief'... briefing.com excerpts: "Unlike Amazon, the group doesn't have to concern itself with constructing and maintaining distribution centers. In other words, Net banks have out-Amazoned, Amazon." "Relative to the traditional banking group, NTBK and TBFC sport extreme price to earnings ratios. But in Briefing.com's opinion the multiples are justified because the growth potential is so much greater than in the brick and mortar world. When you consider that the Net banking industry is expected to grow earnings at roughly 5x-6x the rate of traditional banks, the multiples for NTBK and TBFC seem somewhat discounted. And they are certainly discounted relative to the rest of the Internet world. Consider that both companies are expected to earn nearly $1.00 a share by FY00. That kind of profitability is unheard of in the Internet arena, where Amazon trades at nearly $200 a share with no earnings in sight for years. In fact, from a strict value standpoint one could argue that the Net banking stocks are some of the best buys in the Net universe.