Comments on: Jackson Hewitt - To Be or Not to Be? http://ContrarianEdge.com/2008/03/11/jackson-hewitt-to-be-or-not-to-be/ Wed, 20 Aug 2008 17:55:10 +0000 http://wordpress.org/?v=2.0.4 by: bear http://ContrarianEdge.com/2008/03/11/jackson-hewitt-to-be-or-not-to-be/#comment-73678 Thu, 17 Apr 2008 00:33:50 +0000 http://ContrarianEdge.com/2008/03/11/jackson-hewitt-to-be-or-not-to-be/#comment-73678 boy have you been wrong on JTX. Re-red your book. Comp. has no moat. Investing for dummies is available on amazon boy have you been wrong on JTX. Re-red your book. Comp. has no moat.
Investing for dummies is available on amazon

]]> by: diane http://ContrarianEdge.com/2008/03/11/jackson-hewitt-to-be-or-not-to-be/#comment-71678 Wed, 09 Apr 2008 20:53:03 +0000 http://ContrarianEdge.com/2008/03/11/jackson-hewitt-to-be-or-not-to-be/#comment-71678 The real reason their profits are falling is because of disgusted customers like myself. I have been a customer for 6 years, but I will not go back again. They have shown me that they do not know tax law, they do not stand behing their work, and that their idea of solving a problem is by ignoring it and hoping it goes away. The real reason their profits are falling is because of disgusted customers like myself. I have been a customer for 6 years, but I will not go back again. They have shown me that they do not know tax law, they do not stand behing their work, and that their idea of solving a problem is by ignoring it and hoping it goes away.

]]> by: bp http://ContrarianEdge.com/2008/03/11/jackson-hewitt-to-be-or-not-to-be/#comment-64371 Tue, 11 Mar 2008 22:14:11 +0000 http://ContrarianEdge.com/2008/03/11/jackson-hewitt-to-be-or-not-to-be/#comment-64371 The one thing you haven't talked about (and I underestimated the threat) is the fact that every company in this industry has absolutely no moat. Company's with AMAZING returns on capital and no barriers to entry are ripe for competition. The fact that John Hewitt can sell this company, then turn around and start another successful company in the exact same business, proves this point. While I agree with you on the earnings power of the company, what makes it particularly tough is that if you slip operationally even a little bit, you are ripe for replacement by a substitute product. The one thing you haven’t talked about (and I underestimated the threat) is the fact that every company in this industry has absolutely no moat. Company’s with AMAZING returns on capital and no barriers to entry are ripe for competition. The fact that John Hewitt can sell this company, then turn around and start another successful company in the exact same business, proves this point.

While I agree with you on the earnings power of the company, what makes it particularly tough is that if you slip operationally even a little bit, you are ripe for replacement by a substitute product.

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