Jackson Hewitt Tax Service Inc. (fka JHTXQ)

[Doubledown22]

Hopefully $3.35 can hold as support for this friggin' train wreck of a stock and company. 45% of the company franchisees just left out of the RAL market and getting their azzes handed to them from now until about February 10th as the peak of RAL season will then subside. That is pretty much any of the profit wiped away for most of those franchisees who will basically try to survive to keep their doors open this year in hopes that JTX can get a new bank to sponsor the rest of the RAL business for them before next tax season.

Best thing that could happen to this is for it to be bought out by a larger corporation that could actually negotiate or self finance/underwrite the RAL business going forward. Meanwhile Liberty and HRB are grabbing JTX's market share left and right..

Great job CEO Harry Buckley and JTX corporate--you guys SUCK!!!

DD22