Well with GAAP earnings they lost .22 cents/share last quarter and were expected to only lose .03.. There is no guarantee that they will actually make that up next quarter as Turbo tax e-file is not only easier it is about 20% of the cost of HRB services and they are gaining market share rapidly as e-filing is becoming the norm and HRB is known for brick and mortar not online services. This will hurt then in the longer run.
I read a Barron's,s article about more money from Europe being pumped into our Stock Market be cause of Instability there and now Cyprus. Not a good time to short. I expect HRB to move with the market because i have seem nothing to suggest disengagement.
actually their p/e is very high for a company whose revenue has been declining year over year for the past 5-6 years - their p/e should be more like 6-7 giving it a share price of $12. All the hype is over obamacare supposely creating a need for people to get there taxes done by h&r reversing teh negative revenue trend - so far its all hype...
tom you are wrong. The healthcare law makes a tax return manditory in order to get the Government benefitts. HRB is ahead of the competition in this area. The new law is a shot in the arm to HRB and they will take advantage.