doubledown,
The issue with the debt indicator is not what I was talking about.
The debt indicator is not going to have a lot of impact on the business of RALs. there have been several tax seasons (though its been a while) that the debt indicator was not in place. The result of no debt indicator not being there will most likely just make the banks that do RALs only do a partial loan on a refund rather than the full loan.
The issue that im speaking about is banks willing to fund RALs for JTX. Last tax season one of the funding banks for JTX pulled out and left JTX unable to fund RALS in several states (santa barbara bank I think) (This is why the stock has become a penny stock instead of a $20 stock). I believe the figure was 11 states. Im not sure about that but I think that was the figure.
now if you want to compare that to HRB, H&R Block has a contract with a bank to do all of their RALS for at least the next 2 tax seasons. Also to note, HRB has their own bank. It does not currently fund RALS but the do have an inhouse H&R Block branded bank.
As I stated, IF JTX loses more funding banks it would have an impact on their tax season results on the negative side. If they do not, they should have a moderate to good tax season which should add some stability to the company and be reflected in a rise in the PPS.
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