H&R Block: Attractive Entry Point, Buy The Dip
Portfolio Pulse from
H&R Block shares fell 6.5% after a quiet Q1, creating a potential buying opportunity. The company spent $210 million to repurchase 2.4% of its float in Q1 and may increase buybacks soon. The Trump election and FTC settlement are minor positives.
November 10, 2024 | 5:30 pm
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H&R Block shares fell 6.5% after an uneventful Q1, offering a buying opportunity. The company spent $210 million on buybacks in Q1 and may increase repurchases soon. The Trump election and FTC settlement are minor positives.
The 6.5% drop in H&R Block's share price after Q1 is seen as a buying opportunity due to potential increased buybacks. The company's previous $210 million buyback indicates a commitment to returning value to shareholders. The Trump election and FTC settlement are additional minor positives.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100