Dutch Auctions and Their Fans

With 5.2 million shares outstanding, this leaves the company with a market cap around $60 million and a P/E below 30 despite having a growth rate significantly higher than 50%. This growth rate should continue as people get a higher degree of comfort with banking online.

This is a micro-cap stock, so beware, but I do think it presents an interesting opportunity both based on its fundamentals, as well as the current success rate of the Dutch auction IPOs.

Please note that due to factors including low market capitalization and/or insufficient public float, we consider Bank of the Internet to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.

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