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


To: kjhwang who wrote (1431)4/13/1999 8:29:00 AM
From: Brentsky  Read Replies (2) | Respond to of 2414
 
Cool, earnings might tell you something and NTBK is going to miss earnings this quarter according to Whisper reports.

Last quarter NTBK missed estimates and had $.09. This quarter $.07. Sounds like something is costing them money. Remember the Savings and Loans industry of the 80s and all of their bad loans.

Not saying NTBK is giving out risky loans. But with all this supposed customer growth (and I'll believe that when I see it), where are the earnings.

And, what happens when more competition hits. Look at internet bank announcement in news today. Everybody and their uncle will be in inet banking. Just food for thought as NTBK runs up to unbelievable prices

Brentsky