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Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?

To: makin_dough99 who wrote (146)	4/18/1999 6:38:00 PM
From: Mr. Big	Respond to of 2419

USAB - The financial numbers summarized here --------->>>>>> Revenue growth up 250% year over year. Earnings improvement from (.18) in 97 to .72 in 98. Earned .19 in the 1st quarter of 1999. Total assets of the company increased to $185.6 million or 12.6% from 165.1 million at Dec. 31, 1998. That is a 60% annual growth rate - not your typical growth rate for a bank. PE ratio = 15 compared to industry ave. of 22. (USAB fair value based on PE = $16.50) Price to sales = 1.87 compared to industry ave. of 4.88 (USAB fair value based on P/S = $28.38) Price to tangible book = 1.64 compared to industry ave. of 5.22 (USAB fair value based on tangible book = $34.61) Return on Investment = 13.36 compared to industry ave. of 12.05%. (USAB fair value based on ROI = $12.05) USAB is very productive with its 42 employees: Revenue/Employee = 686,556 compared to industry ave. of 196,491.(USAB fair value based on R/E = $37.99) Net Income/Employee = 82,833 compared to industry ave. of 38,911. (USAB fair value based on NI/E = $$23.15) Great web address: USABanc.com Brokerage business to open in third quarter providing its customers the ultimate in convenience. Licensed across USA! Keep in mind most banks are very stodgy and slow to embrace new technologies. The leaders will be the ones who can provide superior service and deliver that service wherever you are. Conclusion: Website or not this stock is undervalued! I expect a gap in the 20 range with a run to 30 by Tuesday. Even at $30 this stock is undervalued compared to its peers. Expect the growth rate of this company to accelerate as its web presence is discovered. It will be discovered via their stock, their marketing and search engine technology/registration. See ya Monday morning and good luck to all. Mr. Big