Why did it have to be HR Block ?
In my last round of buys, I picked up HRB -- HR Block . They have been on the MFI lists ever since I started this whole thing in the beginning of the year. I almost bought shares in Feb, but then 30 seconds of TV changed all of this.
It was before tax time and I saw an HR Block commercial --- they offered a scratchers game (same as you play in your local liquor store) for people that had them do their taxes.
That was a HUGE turnoff for me -- why ???
I view "Doing taxes" as a rather important financial transaction -- probably right up there with a quarterly review of your investments, maybe even more important than that. Why on earth would I want to go to a place that offered me a scratchers game to do my taxes ?? What's next -- go to a BINGO HALL and have your taxes done while playing Bingo ??
or
The new tax season is here -- go to Las Vegas and have the casino do your taxes.
It just does not make ANY sense to advertise like that so I was never going to buy HRB -- until my random August buys came up with HRB in the selection process and now I am stuck with them -- but I swear, if I see another commercial like this during tax season, I am dumping the shares no matter what...
2 Comments:
I never felt good about HRB. I actually posted back in May on Yahoo board that I thought JTX (which was on list at that time) was much better than HRB. Ironically, looking at the 3 month charts there isn't much difference.
Good luck!
MG
down 9% with HRB... should have trusted your instincts. Tough luck.
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