Just hung up with my financial advisor... he says target price is $27. HRB has taken a loss on Option one, and it's done.
Selling their bank looks like a yes, and if they'll sell the financial business is still a maybe, as that end of the business just now started showing a profit.
most fa's dont know didley? they suck. all they want to do is put you in high chop annuities. ask them what they are invested in and they have nothing but a 401 k that is in some boring mutual funds>
"he says target price is $27" (doontoothers)
Although I suspect that many shorts are going to be disappointed over the next few months, $27 is much too optimistic, imho. Even in the best of times, Block is essentially a slow growth company, albeit with good cash flow; $27 would be high even without the current problems.
cf, I tend to agree with you.... that does seem high.
I had called my FA about other matters, and happened to mention HRB at the end of the call. Since he doesn't hold my shares, & has always given me money making advise, it should be interesting to see how it plays out, since my intent is to hold.
He said with Mark out, and Breeden buying 1.2 million shares, he expects Breeden to want out with a 30% profit.
True? Not true? Anyone's guess at this point.
May we have your advisors name & phone number please?
I need a good advisor cause my H&R tax expert says I'm looking at getting over $1000 back this year and I'll be buying stocks BIGTIME!
Whith H&R as my tax advisors and a sharp new finacial advisor how could I go wrong in 2008? I'll be rich!
Your financial advisor is a fu.cking idiot, HRB isn't worth $27 today and it won't be worth $27 in 2008 or even 2009 for that matter. Too many missing assets on it's balance sheet, too many unanswered questions, this POS is deep in debt and hopelessly light on equity. It's POS bank is worth SQUAT on it's best day, IMHO the only person who MAY want to buy HRBFA is Breeden, he's knee deep in sh.it already so he may as well get in there up to his eyebrows.