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Intuit, Inc. (INTU) Message Board

  • talisman55 talisman55 May 21, 2001 2:57 PM Flag

    Last time earnings came out in Feb

    INTU shot up from approx. 33 to approx. 43 in a very short amount of time. This is because earnings were good. Earnings are going to be even better this quarter as tax software sales were up and their online tax processing became more profitable.
    Thus I see it rising after tomorrow, and don't see any reason to fall unless the market slumps.

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    • INTU is no longer JUST a tax stock my friend. If your counting on the tax portion of INTU to pull it out of this, what I believe to be a very, lackluster quarter, you are very mistaken. INTU has web businesses that are not doing well, and their investments are down significantly. People were asking why Intuit was looking for more money on their disclosures to the SEC, my answer is to be able to write down their investments that have tanked. That's just a guess on my part, but I believe that it is an educated guess.

81.97-1.32(-1.58%)Jul 31 4:00 PMEDT

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