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H&R Block (HRB) -16.3% AH after announcing plans to cut 350 jobs and close ~200...

H&R Block (HRB) -16.3% AH after announcing plans to cut 350 jobs and close ~200 company-owned offices as part of a realignment, expecting the move to save up to $100M by the end of FY 2013. HRB also says it is searching for a new CFO; current CFO Jeff Brown will remain on the job during the search process.
Comments (8)
  • Josh Krause
    , contributor
    Comments (1361) | Send Message
     
    Ow ow ow ow. As one of my long term holds it just means the dividend will buy more shares but still, those protective puts I was thinking about would have saved me alot of the bad feelings I am having now.
    25 Apr 2012, 05:32 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    That is an over-reaction of the market. Wouldn't buy more though.
    25 Apr 2012, 07:58 PM Reply Like
  • Josh Krause
    , contributor
    Comments (1361) | Send Message
     
    Long term it should be ok, but their guidance was a severe disappointment.

     

    Almost 18% below what analysts were expecting.
    25 Apr 2012, 08:21 PM Reply Like
  • CJoyce316
    , contributor
    Comments (82) | Send Message
     
    if you look at what happened techically last year this isnt something you wanna own after tax season.
    25 Apr 2012, 09:53 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    There is not always that correlation really and I do think the problems are more long-term. I use them though and do my taxes with them.
    25 Apr 2012, 10:51 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3672) | Send Message
     
    I won't be using them next year, as the online service couldn't even process my K-1 and it screwed up my importation of stock costs basis.
    26 Apr 2012, 01:44 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    TradeLog for stocks - way better.
    26 Apr 2012, 06:46 AM Reply Like
  • hat_trick3
    , contributor
    Comments (819) | Send Message
     
    whether you love or hate the business, HRB throws off a lot of free cash. The announced cuts are needed as well, I'll take 100MM in savings to go toward more dividends or share buybacks anyday.
    I predict a dutch tender offer or major buyback this Fall.
    30 Apr 2012, 05:08 PM Reply Like
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