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If Wall Street taught you how to invest intelligently, they'd be out of business. Learn how to invest comfortably and confidently for your future by focusing on value investing and ignoring the silly daily swings of the stock markets.
Focusing on the Business to Save Money
4/21/2010 | Joe Ponzio | 31 Comments | about: JTX
Jackson Hewitt Tax Service (JTX) is the second largest paid individual tax return preparer in the US (based on the number of individual tax returns prepared and filed with the IRS). In 2009, its network of 6,584 offices prepared 2.96 million tax returns. According to Jackson Hewitt, that’s 3-4% of all tax returns prepared by a paid preparer in 2009!
It’s the second largest player in its industry – an industry that deals in one of the two uncomfortable certainties. (Taxes, though we’ll see how death is playing into it too.) And its stock is down 95+%. What’s not to like?
