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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Leibnitz who wrote (37244)	4/3/2010 4:27:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78702

HRB: Fwiw, positive mention of HRB in today's Barron's by noted investor Bill Nygren: "Another of Nygren's misunderstood stocks is H&R Block (HRB). Wall Street thinks its tax outlets have lost customers to TurboTax, but the people who use the online system never went to professional preparers in the first place, he asserts. Rather, he believes H&R Block has been hurt by the weak economy because more people either don't file -- because their income is too low -- or because they can't pay the taxes. (H&R estimates IRS filings are down about 5% through Feb. 28.) As the economy recovers, people will start filing again. Taking splits into account, his cost basis is about 10. The stock trades at 17.80. Analysts estimate 2010 earnings at $1.42 and 2011 at $1.59."