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Non-Tech : Nasdaq : ATLB Atlantic Bank goes Internet -- Ignore unavailable to you. Want to Upgrade?

To: Bradley W. Price who wrote (12)	4/11/1999 9:46:00 AM
From: .com	Read Replies (1) \| Respond to of 40

Hi Bradley, I bailed on Friday. It moved up right after NetBank made its move Friday. It it weren't for NetBank's activity to carry ATLB this could have easily closed in the 14 range on Friday and worked its way back to down to support in the 11 range next week. If it dips I may get back in for the summer run. Right now all they have done is announced their intention to go on-line for existing customers, and eventually reach to to new customers, starting later on this summer. IF we do see a pullback in ATLB there may be a second run when they actually do go on-line, so I'll keep watching. You are very correct that with its current PE it is a true value play as well as a net play. But, I decided to be cautious and take profits all the table. I expected to see more posts as well. Especially with so few shares outstanding. Note that the volume was significantly dropping throughout the week until NetBank took off late Friday morning as well, so interest all around was falling off. Good luck.

To: Bradley W. Price who wrote (12)	4/11/1999 11:30:00 AM
From: Triffin	Respond to of 40

Bradley .. Here's my guess from the numbers I could find in various press releases : assets = 472 million MCAP = 79 million @ 19.50 ROA = 1.79% ROE = 19.72% Earnings = 0.45 Q Earnings = 1.65 Y A PE of 15X projects 24.75 At 20% of assets projects 23.25 Premium for internet ????????? How about 1X assets projects 116.00 The negatives: 1) Non-performing assets = 4% of total assets 2) Paid 21% effective tax rate vs. 42% in prior years I suspect that until their web-site is up and running and their web strategy is more fully explained that this will follow NTBK and TBFC directionally .. 12-14 should be support .. assuming no internet .. Jim in CT ..