Opinions on H&R Block Inc. and Jackson Hewitt Tax Service Inc. -- Tax Filers Have Disastrous 2010
30 November 2010 - 1:01AM
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www.stockcall.com/ offers investors comprehensive research on the
personal services industry and has completed analytical research on
H&R Block Inc. (NYSE: HRB) and
Jackson Hewitt Tax Service Inc. (NYSE: JTX). Register
with us today at www.stockcall.com/ to have free access to these
researches.
While taxes remain one of life's two certainties, the future of
tax filing service providers is far from certain after a disastrous
2010. A myriad of economic factors and consumer trends has driven
stock prices of some companies like H&R Block Inc. down by
almost 50% since the beginning of 2010 and other companies like
Jackson Hewitt Tax Service Inc. are drifting to the point of
bankruptcy. Law changes regarding refund anticipation loans, a weak
housing market and a rising do-it-yourself trend amongst consumers
were the primary factors that contributed to the dismal year for
tax filing companies. Investors looking for free research on
H&R Block Inc. and Jackson Hewitt Tax Service Inc. are welcome to sign up
at www.stockcall.com/HRB291110.pdf or
www.stockcall.com/JTX291110.pdf.
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their due-diligence on the personal services industry can have easy
and free access to our analyst research and opinions on H&R
Block Inc. and Jackson Hewitt Tax Service Inc.; all investors need
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Revenues from refund anticipation loans (RALs) are down
significantly since the IRS announced that it would not inform
providers if back taxes are due. This policy change has made
approving an RAL too risky for some banks that have either raised
interest rates to offset risk or simply refused to grant them.
Revenues from subprime mortgages are also way down as the housing
market continues to sputter. Register now at
https://stockcall.com/development/stockcall/page.php?name=register.html
to have free access to our reports on the personal services
industry.
The rise of do-it-yourself software programs and a more tech
savvy consumer has also dented revenues for tax filing service
providers.
Overall, the outlook is bleak for tax filing service providers.
To stave off bankruptcy, some are scaling down locations, dropping
national ad campaigns in favor of local ones and switching to
kiosks over walk-in stores. A strong tax season could revitalize
the industry but growth and significant profits appear to be
unreasonable expectations. Visit www.stockcall.com/ to see how
companies in this industry have grown over the past years and how
they are expected to perform in the future.
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