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.
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