The Unlocking Of The Block's Repurchase Program Is Not The Only Value Creator For HRB
Heather Williams • Wed, Sep. 17
- Sale of HRB Bank to BofI is expected to close this fall, clearing the path to HRB's $858 million share repurchase program.
- HRB has built its cash position and the current share repurchase program expires in June 2015.
- Shares trade at a discount to peers (P/E basis) even though HRB has growth opportunities, management has executed its strategy well and outperformed peers.