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so thats what its all about......the PPS had to be in accordance with NYSE limits or it would be delisted. Time was running out to comply.....it got pumped up to meet the requirements
thanks , hope so. GLTA
JTX
good for you this stock will easily be 3-4 dollars next year
trading @ new HOD 1.11 so far... wowee...
yeah... huge volume...
With tax season approaching as we enter the final quarter of 2010, this stock is going to blow!
It looks like something big is in the works!
1.08 so far... :)
breakout time buck+ trading... on volume... nice so far...
alright...trying to climb back over a $1 slowly but surely. It won't be long and tax season will be upon us again.
DD22
its time to bounce back...... wait for the rebound... see over $1 next week..
not looking too hot for the home team...trade wisely
DD22
You think we should get back up to around $1.50 or higher today?
yep..and she is a generous cow for the ones paying attention...that sell off down to under a dollar a couple fo weeks ago really provided folks a nice opportunity to reload or pick up a good position to play an oversold technical bounce or just a momo run based on the 2010 Fiscal year filing
Profit takers stepping in today to secure their gains. We will prolly see a natural drift back down towards a $1 during this next quarter but news developments can change that quickly...
glty,
DD22
next weeeeeee day 1.42 so far love it :)
here we go again, $1.38, +28% :)
play the swings in the off season is about all I can say for now...
DD22
JH in POWAH HOWAH!!!! Come on street break this $1.93-4 resistance. We want to be in the 2zzzz for the holidays!!!
woooopeeeeee!!!
DD22
back up 1.91 :) yep, nice summary, I think the marked likes the news, hasn't expected such update (imo)...
yep..
The market really likes this news that JH released yesterday evening and I personally like the lean and mean and back to basics on focusing on our core customer products approach by ol' Harry. He didn't sugar coat and speak glossy CEO BS talk about the declining number of returns for 2010 and was very upfront in the first 2 paragraphs about those facts. But then followed with the focus about the future and what they are working on to improve the state of affairs for the company.
On the stock we may see some slow momentum and pps increase build up through the earnings conference call July 14th. There will be profit taking from today and consolidation beofre attacking and holding the 2.00ish level. Enough value buyers move in and she may have a really nice sustained run for the next several weeks. We'll see.
DD22
Jackson Hewitt Reports Preliminary 2010 Tax Filing Results
PARSIPPANY, N.J., May 27, 2010 /PRNewswire via COMTEX/ --Jackson Hewitt Tax Service Inc. ("Jackson Hewitt") (NYSE: JTX) today reported preliminary tax filing results for the fiscal year ending April 30, 2010.
Jackson Hewitt's network of franchised and company-owned offices prepared 2.530 million tax returns in 2010, versus 2.955 million tax returns prepared in the prior fiscal year, or a decline of 14.4%. This year-over-year decline in returns prepared was favorable compared to the previously communicated guidance of a decline in the range of 17% to 19% due to better than forecasted performance in the second half of the tax season.
"The 2010 tax season was a disappointing one for Jackson Hewitt," said Harry W. Buckley, Jackson Hewitt's president and chief executive officer. "Despite the solid efforts of our employees and franchisees, the headwinds from a soft economy, high unemployment, competitive pressure and the absence of a RAL product, resulted in a year of declining tax returns prepared, revenues and earnings."
"Our focus at this time is steadfastly on the future," continued Buckley. "In an effort to position Jackson Hewitt for an improved 2011 tax season, we, along with franchisee representatives, are working toward completion of a detailed strategic business plan, as well as completion of a mutually beneficial new franchise agreement. We are continuing our intensive efforts to identify a resolution of the RAL product issue, which is our top off-season priority. Our dedicated Walmart team is working closely with Walmart to plan for the 2011 tax season and to optimize the opportunity presented by this exclusive arrangement. We rolled out our first ever online product this past tax season, and look to further grow this distribution channel in 2011. We also completed an organizational restructuring on April 30 that reduced our full-time staff by 15% and will result in a streamlined, more efficient organization that we believe will lead to enhanced accountability and improved results."
JTX HOD 1.98 so far, 1.92 going, this one seems to be on a breakout move... not bad for a friday... I'm curious about late lunch and next week...
oh yeah...nice news and nice market reaction to it.
DD22
I'm in again, this one is moving...
here we go 1.90 :)
Yes she did have a nice day here and real short term trade potential for some folks that loaded earlier below $2. Thanks and GLTY Joe...
DD22
Chase Bank has pulled out of supporting the RAL business. CHASE IS NOT A BANK THAT SUPPORTS JACKSON-HEWITT SO EVERYONE DON"T CRAP YOUR PANTS. Nothing has changed with JH's bank (Republic) that supports the 45% of the company's franchisees that had access to the RAL product this year.
This means that a whole lot of other tax preparers (independents, those insurance companies that you see in the tax prep business now, etc, etc..) won't have Chase Bank as an option this next tax season. From what has been occuring over the past several years the pool of banks that are approved by our socialist government to participate in the RAL program has been whittled down to 4 left now...
I told folks (competitors) not to get all warm and fuzzy about what they had and laugh at JH for losing part of their RAL business earlier this year. Karma is a b*tch I guess.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48412573
"No, H&R Block, Liberty and other tax services need not be comfortable and smug thinking they are immune to the FDIC's obvious targeting of this industry and particularly the RAL lending institutions. The overall market is down for this service as well--across all of the industry."
Next week there will be a very important meeting between the IRS and the tax industry players at the semi-annual CERCA meeting in D.C. http://www.cerca.org/conf/default.htm
It is rumored that some major announcements about the entire RAL program will be made there by the IRS... IMO since it involves our government and particularly the IRS then it won't be good for private business in anyway. We'll see.
But remember the IRS and ACORN are demonizing the tax industry for it's "predatory RAL lending" in order to help "the little guy" who just "doesn't know any better to help themselves". You take the RAL out of the industry and you turn more people away from getting their taxes prepared by a tax professional.
Remember the IRS wants you to file for yourself using their free software or using Turbo Tax to file because the vast majority of people that do that don't know all the various rules and current exemptions that change constantly SO THE INDIVIDUAL TAX FILER OUT OF IGNORANCE ENDS UP PAYING THE GOVERNMENT MORE MONEY THAN THEY SHOULD on average.
End Result-IRS becomes a lot bigger INCOME PRODUCER for the Government. Sooooo, who is REALLY out to help "the little guy"??
All IMO,
DD22
JTX has a due date of this Friday April 30 for a loan payment.
It will likely react to this announcement one way or the other, there is a good deal of risk involved if you hold this stock
Thursday night or over the weekend if no news emerges on Friday about whether or not JTX paid the loan payment or if they failed to.
GLTA
No. I think this looks good. Been watching ti for awhile. I got in at 1.80 today. Looking to sell somewhere over $2.
nice steady PPS recovery...ooops now I have jinxed it
DD22
Last day to file your 2009 Federal income tax return...unless you file for an extension.
Time is running out..Get down to your local Jackson-Hewitt tax office and let them take care of this for you before you are looking at penalties and interest if you owe.
DD22
The new 52-week low $1.46 was created yesterday! Sell ASAP before it files the possible bankruptcy within a month! $1 will be new low...
The new 52-week low $1.48 was created today! Sell ASAP before it is
too late (bankruptcy filing within a month)! New low $1 comes soon.
The new 52-week low 1.51 was created today! Sell ASAP before it is
too late (bankruptcy may be within a month)! New low will be 1 soon.
thanks for stopping by...I would suggest you remove the word "scam" from your posts going forward or they will go bye bye. Unless you have some proof this company really doesn't exist or isn't doing what they advertise they are doing then it isn't a "scam". A scam seeks to trick or knowingly fool someone.
This company with it's thousands of real American people it employs across communities and hundreds of thousands of tax returns it files is fighting for it's corporate life just like a lot of other public companies in today's market. There is nothing "pos" or "scam" about that. I know that thought of it failing makes you feel all snugly inside or something because you are a shorter. You know nothing about this company or any of the companies that you incessantly post the same message on across I-Hub.
Oh and if it is going BK as you constantly post, then shouldn't you cover before you get caught?
DD22
The new 52-week low 1.59 was created today! Sell the pos scam ASAP
before it files the bankruptcy within this month! New low will be 1.
The new 52-week low 1.78 was created today! Sell ASAP before the pos scam files the bankruptcy within three weeks! The new low $1 comes.
The new 52-week low 1.88 was created last week! Sell ASAP before the pos scam files the bankruptcy within April! New low $1 will be hit.
You sound so confident, I'm sure you shorted them again. Great find! How are your tighty whiteys feeling now?
yeah okay...thanks for stopping by and providing the powerful insight and analysis. Normally it is good to buy at bottoms--not sell BTW.
This company is mainly comprised of franchisees who own their own offices across thousands of cities and towns in the U.S. From my DD and experience there isn't talk about those franchisees going bankrupt or folding up shop. Yes their margins are down but show me a company in this industry whose volumes isn't down besides Turbo Tax. So JH's risk of bankruptcy is distributed and very low IMO.
No, H&R Block, Liberty and other tax services need not be comfortable and smug thinking they are immune to the FDIC's obvious targeting of this industry and particularly the RAL lending institutions. The overall market is down for this service as well--across all of the industry.
What you fail to recognize is that Jackson-Hewitt maintains some very strategic, beneficial partnerships with the likes of Wal-Mart. JH is their PREFERRED partner for this service in thousands of their Super-Centers nationwide and just last year renewed their commitment to JH with the first rights to refusal contracts for all those Wal-Marts.
So please keep shorting it even lower if you can so I can more shares lower.. Just don't be mad if you get a nice surprise one of these days and you are caught chasing with your pants down..lol.
DD22
The new 52-week low 1.96 was created today! Sell ASAP before the pos
scam files the CH11 or even CH7 within a month! Glad to have shorted
it would be nice to see 2.00ish level hold and provide some nice bounce support. We'll see.
DD22
Jackson Hewitt to Report Fiscal 2010 Third Quarter Results on March 11, 2010
Date : 02/10/2010 @ 9:00AM
Source : PR Newswire
Stock : (JTX)
Quote : 2.48 0.03 (1.22%) @ 7:52AM
Jackson Hewitt to Report Fiscal 2010 Third Quarter Results on March 11, 2010
PARSIPPANY, N.J., Feb. 10 /PRNewswire-FirstCall/ --
Jackson Hewitt Tax Service Inc. ("Jackson Hewitt") (NYSE:JTX) announced today that it will report its fiscal 2010 third quarter results prior to the opening of trading on the New York Stock Exchange on Thursday, March 11, 2010. Harry W. Buckley, president and chief executive officer, and Dan O'Brien, chief financial officer, will host a conference call to discuss the results on Thursday, March 11, 2010, at 8:30 a.m. (EST).
The fiscal 2010 third quarter results press release will be available at the Investor Relations tab of Jackson Hewitt's website, http://www.jacksonhewitt.com/. The conference call will be simulcast live on the Internet through the same website. If you are unable to listen to the live webcast, a replay will be available on this website.
About Jackson Hewitt Tax Service Inc.
Jackson Hewitt Tax Service Inc. (NYSE:JTX), with more than 6,000 franchised and company-owned offices throughout the United States, is an industry leader providing full service individual federal and state income tax return preparation. Most offices are independently owned and operated. Jackson Hewitt is based in Parsippany, New Jersey. More information may be obtained at http://www.jacksonhewitt.com/. To locate the Jackson Hewitt Tax Service(R) office nearest to you, call 1-800-234-1040.
Here is to hopefully a nice quarter. We will take a hit over last year's quarter but hopefully we can beat what the street is predicting for an earnings surprise. Dragonfly doji reflected indecision in the market today....that formation has foreshadowed good things for us in the past. We'll see.
DD22
should get a nice push this week with earnings out Thursday pre-market more buys than sells so far today!
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