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Technology Stocks : HRB, $32, 2 years low, great buy now
HRB 49.76-1.9%Oct 31 3:59 PM EST

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To: Mike 2.0 who wrote (42)6/19/1997 6:39:00 AM
From: J.S.   of 86
 
Mike (moo),

As a wannabe HRB investor (don't got enough dough) I was disappointed
with the earnings because this was not the watershed quarter that
it could have been for CSRV (increases in revenue/subscriber and European growth were reversed or severely curtailed), which would put it and its parent at a value reflecting underlying value. The fact that it wasn't, just means that it is status quo all over again. CSRV is not going to drop below 8 or 9 even if they lose all their US customers (book value: cash, debt from HRB, network services, international CSi customers), but HRB needs to find a way of spinning it off at a reasonable price. I think this is a buying opportunity for HRB, although I am not buying.

Joe
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