Bad News Baked into HRB

Last week H&R Block (NYSE: HRB) announced they would take a 19 cent charge against earnings to reflect losses in their mortgage division. This was just the most recent of a slew of bad news stories for HRB.

Following the news release S&P, as well as other analysts cut HRB to "sell", the sentiment on HRB is so bad that only one of six analysts reporting to Yahoo Finance rates Block a "buy".

So with all of that bad news, what did I do? I bought HRB stock.

Detailed analysis to follow...

Timothy Burger
timothyb(at)timothyburger.com