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JACKSON HEWITT TAX Message Board

  • ftdstinks ftdstinks Jan 21, 2010 8:56 AM Flag

    Funding Coming Soon--Bashers Silenced

    Although late to arrive, it seems to me that by sometime next week, we will see an announcement that the company has secured funding for their RAL program. It is a good, low-risk product for many lending institutions that are flush with cash and no good place to loan it to. The real issue for the lender is the speed in which they now need to set up the administration of such a product.

    But remember this--RALs will diminish in scope this year and into the future as the IRS steps up the IRS Direct program whereby a refund is wire transferred to a taxpayer in approx. 8 days. Many former RAL customers will hold out to receive the refund directly.

    The shorts have taken over this stock and will soon be caught in a short squeeze that will return JTX to normal trading levels. Look at the # of shares short and tell me how they will find enough stock to buy back when it begins to rise.

    Our day will come!!!!

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