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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: tdl4138 who wrote (7756)	4/17/1999 9:43:00 PM
From: Mr. Pink	Read Replies (1) \| Respond to of 18998

Given Mr. Pink's thesis, He is avoiding all flying turd situations. Even Barrons seems to agree with Mr. Pink's hypothesis. (read abelson's colum) Mr Pink

To: tdl4138 who wrote (7756)	4/18/1999 8:10:00 PM
From: NightHawkZ	Respond to of 18998

tdl, re: USAB... tiny bank, $185MM assets, been in biz 110years, so whatever its growth strategy, it hasn't been very successful. Converted thrift, about 4 years ago, so likely still dealing with building infrastructure to support more traditional banking products and customers. Performance has been mediocre, 1% ROA, 12% ROE. This bank and others claiming revolutionary e-strategy have a credibility problem. What is it they are/will do that is so different?... what kind of $ can they spend to create technology that will give them an edge?... and how do they expect to compete with the Citi's, Wells, etc who already have 5-700,000 customers on i-banking? I think you're right about a short-term long (about a day)... same thing happened with ATLB last week. Up 20 in one day, down 20 the next. The i-bank furor is going to burn out fast, IMO. Good luck. NightHawkZ