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ok ill try anyways about 4pm
I don't think that it does
does slappn the ask do anything up here my $$ HIT MY ACCOUNT TODAY
i hope u got that anyways no money in my account yet or i would slap the ask - does that do anything up here?
do u think that hrb would go as far as actually file the persons taxes ( them thinkn its going to be free ) because if they actually file u cant go get them done somewhere else - u can only get em done once right
It is a slick, simple ploy to get people into their office BUT for people that want their money NOW it just won't work. Sorry HRB nice try but EPIC FAIL. Typical RAL customers HAVE Children and get the Child Tax Credit.
Those filers know the difference and won't be fooled by HRB's misleading advertising.
Notice the commercial now says "Free Filing for SIMPLE returns"..
SO nice of HRB to screw over their COMMISSION employees too. How do you assign commission on a return that is filed for free?? That's right HRB employees are paid based on commission so they are always trying to upcharge their filers for prep fees etc.. JTX's employees are paid on an hourly basis plus they receive bonuses.
Notice how HRB is trying to emphasize all these other things (free filing) (Refiling previous year's returns) etc. in an effort to mitigate the MASSIVE DAMAGE of losing ALL OF THEIR RAL business this year. I guess you have to do something to replace a product that 45% of your customers used.
I don't want to make this board about HRB but thought this ad campaign of our biggest competitor was a relevant discussion.
DD22
I also caught that little tid bit of info about free filing anyone that doesn't listen close enough r going to do exactly what u predicted they'll go thinkn it's going to be free then they r pretty much stuck unless they want to wait another 2 hrs in a line at another tax service I think if a tax service came out and offerd free taxes if u wait more than an hour that would go further than anticipation checks or anything what do u think please reply
It's not smashing HRB. It is simply telling the truth about who has what products available for customers. I'll put it this way, HRB is SO AFRAID AND WORRIED ABOUT IT THEY ARE OFFERING FREE FILING from now until February 15th.
Which is another MISLEADING effort on their part yet again. They are ONLY FILING Form EZ returns for free. Basically if you are a single person with NO CHILDREN, and filing only an EZ Form (NO FREE ITEMIZED returns) THEN they will file a "free" return for you. Basically they are desparate and are lying trying to get people in their office and THEN TELLING THEM "oh by the way, YOUR return will not be free, but while you are here we can file for you".
LYING FALSE ADVERTSING A-HOLES...
Desperate measures from a desparate company (HRB) rated the WORST STOCK ON THE S&P by Motley Fool.
JTX IS GOING TO TEAR THEIR ASS UP WITH TAKING THEIR MARKET SHARE and REVENUE this TAX SEASON...JUST WAIT.
DD22
I really don't don't, but time will tell. I hope they don't do too much smashing or it my hurt them.
hey i saw a ad on tv where jtx is smashn hrb with their refund antispation check how far do u really think thats going to take them or is it no big deal
Althought I like the effect on JTX's market share and stock pps, I don't really like the effect on the industry overall. Uncle Sam is really wacking away at the Tax Service industry and doing things that honestly I don't think are LEGAL.
This OCC office took unprecedented authority without any congressional approval to crack down on this one industry.
What is next?
DD22
Finally I think we are seeing the end of the profit taking from the recent run from .74. WM% indicators bounced off -50, ACCUM/DIST heading back up (folks are buying and holding again), MACD histograms still negative but getting shorter/reversing, CMF trending down but I don't see that as a negative with the ACCUM/DIST trending higher.
SHORTS started covering today...They better get off their arses before the REAL NEWS starts to flow over the next couple of weeks.
IRS starts processing returns on 14th--This Friday and the revenue starts flowing. JTX positioned well to take advantage of H&R Block's RAL misfortunes this tax season. Gloves come off with advertising and JH strikes a blow to Block's misinformation campaign (Refund Anticipation Check) that is a blatant misrepresentation of their product.
H&R Block ONLY HAS AN ASSISTED REFUND CHECK PRODUCT that it can get to folks in about 15 days. PERIOD. They don't have any RAPID RETURN PRODUCTS TO OFFER. Watch how JTX takes advantage of that and grabs market share over the next 6 weeks...
Weeeeeeeeeeeeeeeeeeee!! Just practicing...
Imma bounce buyer here.
DD22
I don't know, you're on your own on that one.
alright u know 2 heads r better then 1 i also want to get into mmrf i mean google only takes u so far what do u think maybe u know something i dont know
I have in the past, but learned the hard way to stay away from them unless I just get in for a quick flip. Here is another site for you.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=JTX&MarketTicker=NYSE&TYP=S
no not that at all i know i have to do my own dd and figure this chart thing out i just need someone to point me in the right direction i mean there is an old sayn 2 heads r better than 1 do u play otc or pinks
FYI, I am not a chart reader yet, LOL. Make sure you do as much research as you can and don't buy because someone else tells you to.
ok i see clearly now what all those lines r but still dont know what all the 20 day oc or what that stuff is ill have another look and get back with ya thanx alot
Here is a site for you to look at.
http://www.barchart.com/opinions/stocks/JTX
yeah my wife is mad because im a fast learner but gall lee not that fast there is so much im tryn to find someone in ftw tx to show me how to read charts no luck though well i think my $$ will hit the account tommorow or the next day so hopefully im not to late im not a big baller though and this is where it gets tricky ive been successful 1 time taken $40 [$10 of which is commission] so $30 and turning it into $60 $75 so u see where im coming from if i it almost takes as much comm is to buy so i need atleast 50% gain to break even i think but i feel better with nasdaq then otc so im proably going to spend more how much though i think ill only have $60 tommorow is the game here like otc with mms and all that
All stocks are a gamble, but yes I think it will go higher. I bought mine at 2.22
im not a chart reader but the past history tells me it goes up this time of year untile what july then tappers off again i wish i would of got in sooner aroun dec when it was low so if i buy right now iyo do u think its to high with the ceo or whatever is happen now
Well, what I do (for what it's worth) is I buy shares when it goes up I sell at least 1/2 to protect my profit. Check out the past performance also.
man im interestd in this stock but i really dont know what im doing i mean how does one go about haven a green portfolio i mean ive been through stocks 101 and all that but i guess i keep investing in the wrong ones or not selling at the right time on prs and stuff to much emotion i dont know will u help i mean what kind of dd r you suppossed to do on a tax service they could pretty much tell u what they want on sec and stuff they r affiliated with the irs them crocked somes a
Damn we are being shorted to death....friggin' crook bastards. Let us breathe for a damn minute a-holes!!!! This the is the crap that is destroying our capital markets. There is no integrity left in it whatsoever....
DD22
Jackson Hewitt Names Philip H. Sanford President and CEO
Date : 01/06/2011 @ 8:30AM
Source : PR Newswire
Stock : Jackson Hewitt Tax (JTX)
Quote : 2.06 0.01 (0.49%) @ 9:45AM
Jackson Hewitt Names Philip H. Sanford President and CEO
Jackson Hewitt Tax (NYSE:JTX)
Intraday Stock Chart
Today : Thursday 6 January 2011
Jackson Hewitt Tax Service Inc. ("Jackson Hewitt") (NYSE: JTX) announced today that Philip H. Sanford, currently the Company's Executive Vice President of Strategy and Performance Measurement, has been named President and Chief Executive Officer, effective immediately. He is also joining the Company's Board of Directors. He succeeds Harry W. Buckley, who will serve as Special Advisor to the President and remain a member of the Board.
Margaret Milner Richardson, Non-Executive Chair of the Board of Jackson Hewitt, said: "Since joining Jackson Hewitt in August 2010, Phil has played an indispensible role in positioning the Company for the 2011 tax season and demonstrated a keen understanding of the Company's opportunities, as well as its challenges. Following a thorough succession planning process in which a special committee of the Board considered a number of strong CEO candidates, we concluded that Phil possesses a range of financial and operational skills and expertise that will be invaluable as we move forward."
She continued, "We are deeply grateful to Harry for the leadership he has provided to Jackson Hewitt at an important time in its history, creating and executing a strategic plan to generate improved performance. When he agreed to come out of retirement to assume the CEO position in 2009, it was with the understanding that he would serve no more than a two-year term, help identify his successor and then lay the groundwork for a smooth transition of leadership."
"Phil has been an important partner to me in preparing the Company for the upcoming tax season," said Mr. Buckley. "As a result of the progress we have made on our strategic plan, our franchisees and company-owned offices are incentivized and motivated to generate higher levels of growth and profitability, and they have the tools they need to be successful. I believe the Company is well positioned for continued progress under Phil's leadership."
"In the few months I have been at Jackson Hewitt, I have been able to see first-hand the motivation and spirit of the talented associates and franchisees of Jackson Hewitt, and together, I believe we can achieve our strategic and operational goals," said Mr. Sanford. "We have approximately 6,000 offices across the nation to serve the American taxpayer with the highest level of professional service in the industry, and that is exciting."
He continued, "I'd like to thank Harry for his thoughtful leadership and counsel through my time here and look forward to continuing to work closely with him in his new role as we build on the momentum that the people of Jackson Hewitt are generating."
Mr. Sanford, 56, has more than two decades of senior level management experience. He has served as President and Chief Operating Officer of Value Place, LLC, an extended stay hotel chain; Chairman and Chief Executive Officer of The Krystal Company, the owner, operator and franchisor of quick-service restaurants; and Senior Vice President, Finance and Administration of Coca-Cola Enterprises. He is the principal of Port Royal Holdings, LLC, a private equity firm, and is a member of the Board of Directors of Caribou Coffee, Inc., the second largest coffeehouse chain in the United States. He is a 1977 graduate of Austin Peay State University of Clarksville, TN.
About Jackson Hewitt Tax Service Inc.
Based in Parsippany, N.J., Jackson Hewitt Tax Service Inc. (NYSE: JTX) is an industry-leading provider of full service individual federal and state income tax preparation, with franchised and company-owned office locations throughout the United States. Jackson Hewitt Tax Service® also offers an online tax preparation product at www.jacksonhewittonline.com. For more information, or to locate the Jackson Hewitt® office nearest to you, visit www.jacksonhewitt.com or call 1-800-234-1040. Jackson Hewitt can also be found on Facebook and Twitter.
I really like this news although it is truly a gutsy move right before tax season. I think Mr Sanford being a former franchisor and operator himself gives him tremendous insight, experience
and instant "street cred" with the nearly thousands of JTX franchisees out there working hard for this company. THEY are the lifeblood of operations and revenues and it will be good to see how this guy supports their efforts.
DD22
Golden Cross coming soon here if we keep this higher pps...then the purely technical traders will be attracted to it. Anywho just saw it approaching on the chart and thought it was interesting and something to keep our eye on in the weeks ahead.
DD22
Scared the you know what out of me when it dropped.
Excellent recovery today JTX...over a 20% swing during intraday action. Hopefully have the tax sellers and profit takers goine from the recent lows and can continue on back up to the 5.00 area again.
DD22
I have been warning of this for months now that HRB and the other preparers shouldn't get all warm and fuzzy about their RAL business....Uncle Sam strikes the tax industry again right at Christmas...nice..
Good for our pps though
Doubledown22 Share Friday, October 01, 2010 10:43:04 AM
Re: Gregstock post# 161 Post # of 227
great..There is no issue with the RAL funding JTX has left in place from Republic and Santa Barbara. JTX has contracts with the RAL lending banks that are not up for review or renewal this year like last year's fiasco in December. If anything they will ADD more RAL lending capacity.
Again for the others reading here the the RAL is being affected INDUSTRY WIDE to include HRB, Mom and Pop, CPAs and any other tax preparer who is trying to get a RAL for their customer.
HRB is not in any way immune to the Federal Government's obvious chipping away at the tax prep businesses and the other service institutions that fund them. JTX just happens to be the first industry target to go after and the RAL is low hanging fruit for them since THEY (FDIC) have that power to "protect its citizens".
http://video.foxbusiness.com/v/4347400/jackson-hewitt-ceo-were-confused-like-taxpayer/
"and we will BE ready for whatever tax changes come down".
thanks for contributing to the board and good luck in the upcoming tax season,
DD22
same here $p, same here. GLTUA.. Z
jtx...a good lt hold for me... love this one...waiting for the end of tax season to see where the price will be...and its next Q.
Check it out, no wonder JTX spiked this morning pre-market
http://www.bloomberg.com/news/2010-12-27/h-r-block-says-11th-hour-u-s-decision-prevents-hsbc-s-tax-refund-loans.html?cmpid=yhoo
Profit takers jumping off the ship in droves today as well as the end of year tax sellers. Nice consolidation and dip for peeps looking for a lower entry. No stock can go straight up...this is healthy and much needed consoldiation if we are to attack and break the $2.00 level resistance and higher.
That early session market order and susbsequent drop rattled some nerves and now the panic selling and shorts are doing their thing as usual. Really not much difference in the psychology of traders and investors in pinks or big boards. Fear whether rational or irrational is powerful.
ALl IMO,
DD22
1.70 1.50 would be excellent fills if retests... ready for that event...but odds slim for a fill imo.
1.95 R hit, next!
JTX - Weekly Candlesticks
Former support will now be some resistance at $1.75, a little at $2.00 and then levels at $2.51ish.
BUT there shouldn't be much resistance from $2.50 TO 52 week high levels around $5.00 since the decline came about so sudden before on the way down.
Safe bet for higher ground IMO and a nice Cup and Handle formation starting to shape up on the yearly.
DD22
Strongly believe it'll see it's 52wk high and possibly surpass it in Jan 2011 which is just around the conner.
I would luv to see it consolidate before it reaches $2. But....
Not looking that way
Gl
Outstanding moves lately JTX...it looks like the street is seeing the value again here in this company. The CNBC props this morning sure helped move things along a little quicker though.
Tax season begins in a couple of weeks and it will be revenue time!!!
DD22
JTX I liked the DD i did, briefly, with the hiring of tons of people. only means more REV for next Q released, so yes, more upside coming, even at therse rates.
CNBC says buy it upp!
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