INTU is growing revenue by buying companies, and growing profits by cutting staff.
This is how accountants run a business.
There is something fishy about the balance sheet-IMHO.
The market likes revenue growth first, and will tolerate lagging profit growth.
One or two quarters of flat revenue, INTU will get a PE closer to 15.
There is only so much the tax business can grow and they do not have any real innovation at the company. I used to work there as a software engineer. It was a good experience, but they are not a growth company. They are doing layoffs to cut costs and be more efficient. That type of company does not deserve such a high PE! They are not investing in their businesses and employees, they are just trying to improve the bottom line. A company like that needs to be in the 10-15 PE range, not 25!!!
I got a charge to my Debit card from this company for almost $400. I've been getting the runaround now for two weeks. Since this came out of my checking account it creates a financial hardship. Any ideas? I called the bank and it's being protested by I won't get the money back until it's resolved.
It is great to see these OLD posts. Now how about that $61 target of yours. And then there are the staff reductions that surely will tank the stock. Yet no one looks at the new ops. such as GoPayment that won't challenge PayPal perhaps but will certainly add revenue to Intuit's top line and eliminate some of the seasonality to their earnings. Why are almost all posters here Morons?
Never buying Intuit products again:
Intuit Does Not Advance NORML to Round 3 in Super Bowl Ad Contest
October 28, 2013
Today, Intuit announced the 20 finalists who moved on to Round 3 of their “Small Business, Big Game” contest. Despite finishing first in the initial round of public voting (Intuit removed the ability to sort by vote popularity during the second round) and generating hundreds of media hits through Round 2, Intuit, for reasons not communicated to NORML, decided not to advance our entry to the latest round in the contest.
(NOTE: Intuit had opened the contest up to non-profit organizations, which NORML is. We also met their requirements in both staff and budget for being a “small business”)
“It is unfortunate that Intuit seems to be relying more on outdated political values instead of overwhelming public opinion when it comes to selecting which entries advanced in their contest,” noted NORML Communications Director Erik Altieri, “As demonstrated by the outpouring of support and positive media coverage for our entry, the country was ready and eager to see an ad for sensible marijuana law reforms during the most watched TV program of the year. This could’ve been a win for all groups involved, but instead Intuit will likely have only generated ill will for itself amongst the 58% of Americans who now support ending our country’s war on marijuana.”
Though NORML has been excluded from Round 3 of the contest, our entry was covered by countless media outlets across the country. You can view a list of some of these media stories below:
Sentiment: Strong Sell