By Kerrisdale Capital Management : Overview BOFI's recently announced, widely expected acquisition of H&R Block's bank deposits boosts its earnings but does not address the long-term pressures that will drive down the company's currently inflated profitability. At almost 4x book value, as we have
After yesterday's close H&R Bloch ( HRB ) sold their bank to Bank of Internet Holdings ( BOFI ). An incredible coup for HRB allowing to break the chains of fed oversight ..... high interest rates. The average cost of HRB deposits is a mere 11 basis points. The
Gainers: ZIGO +31% . HRB +6% . Losers: DWCH -32% . VJET -16% . NQ -15% . Post your comment!
(Reuters) - U.S. tax preparer H & R Block Inc said it would sell its bank unit to BofI Federal Bank, freeing the company from Federal Reserve oversight.
H&R Block ( HRB ) +7.3% AH after agreeing to sell its banking unit to BofI Federal Bank ..... company out of the banking sector and away from the Fed's oversight. HRB expects the deal to dilute FY 2015 EPS by $0.07-$0.09, and expects
Top gainers, as of 5:15 p.m.: ONE +8.9% . NOW +8.4% . KEYW +8.1% . HRB +7.3% . SSYS +7.3% . Top losers, as of 5:15 p.m.: NQ -7.5% . VNDA -4.6% . VJET -4.6% . GLOG -3.6% . GPS -2.3% . Post your comment!
April 10 (Reuters) - U.S. tax preparer H & R Block Inc said it would sell some assets and transfer certain liabilities to BofI Federal Bank.
By Equities Lab : H&R Block ( HRB ), according to Google Finance , "provides ..... financial services through H&R Block Bank ( HRB Bank)." Upon doing some basic research ..... caution signs throughout the company that make HRB a potential short sell target. In this
H & R Block Inc . ( HRB ): FQ3 EPS of -$0.77 may not be comparable to consensus of -$0.11. Press Release Post your comment!
Good afternoon, my name is Aleah and I will be your conference operator today. At this time, I would like to welcome everyone to the Fiscal 2014 Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks there will be a ...