NYUGradMatt

H&R Block's in Big Trouble Heading Into Tonight's Earnings

Bryan,

I don't believe them! It's that simpl! HRB has already restated earnings for last 3 yrs. They are not a transparent company. They were also the ones tauting Cerberus would buy OOMC since the beginning of 2007. That is a fact.

They were a top 5 subprime lender. Everyone including Citi, Wamu, CFC, couldnt get .90 for the $1 when selling their subprime. And OOMC's subprime is the gutter variety. with credit score 611 and under. And horrible collections tactics.

You prob have no idea so i wont ask you, rather I will ask HRB on the conference call... Where are the 26B in subprime originated since last yr? How much did you sell them for if sold and how much? If they haven't sold what do they plan to do?
tinyurl.com/2alycc

Add those quarters up and you get 27.6B in originations.

Thank you for your comments.