Especially when markets are fairly valued, we have to look at a company’s balance sheet closely. If obligations can’t be met, little else matters and an “investment” is nothing more than a gamble.
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…