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

To: Tom C who wrote (37252)	4/3/2010 6:53:32 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78748

re TXcut - i started ti use Taxcut as well years ago because of that spyware think - then I switched back to Turbotax 2 years ago, because Taxcut did not handle MLP's correctly as i was told. IMO, Turbotax beats taxcut in terms of user interface by a considerable margin - for me it's wroth the 5-10$/year more, although I do agree that Taxcut or H&R Home works fine for most.

To: Tom C who wrote (37252)	4/3/2010 8:29:29 PM
From: Leibnitz	Respond to of 78748

I'm definitely not familiar with either the online or the software that's available for people to do their taxes, so it's interesting to hear this from you. I'm sure the factors that are most important to people who use software are 1) price, 2) ease of use, and 3) level of support. Tom C, do you think these three things are what most people value? HRB is a distant second or third in these areas, but they say they are working hard to close the gap. However, improving software and online capabilities are not essential for the gap to close between price and intrinsic value. IMHO it's merely icing on the cake if HRB can catch up to Intuit.

To: Tom C who wrote (37252)	4/3/2010 10:53:02 PM
From: snookcity	Respond to of 78748

You might look at TAX-ACT i've used all three and like tax-act the best.

To: Tom C who wrote (37252)	4/4/2010 11:50:03 AM
From: Dan Meleney	Read Replies (2) \| Respond to of 78748

HRB: I took a long look at their 10K this morning. I like the businesses they're in, but I can't quantify any margin of safety. Two key risks will keep me from investing: They were slow to book expected losses on mortgages; they took 2 years to raise Allowance for Doubtful Accounts to 10.23% from 0.25%. At 20.23%, delinquency is 16 points higher than in 2007. Significant potential exists to sink the firm with losses here on the 700M+ portfolio of mortgages. Litigation settlement on RAL cost 70M+ in 2006 and pending litigation on POM (peace of mind) could provide another huge hit for which I don't see reserves. This lack of litigation reserves is appropriate, since the loss is neither certain nor measurable yet.