Last week Morningstar announced that the UMB Scout Small-Cap Fund earned the prestigious five star ranking.
Scout Small Cap fund manager Dave Bagby has earned fund shareholders 14.64% per year over the past five years, an especially impressive performance in light of the Russell 2000 small cap's 12.59% growth and the Lipper Small Cap index's 13.40% return over the same time period. Even more impressive, UMB Scout Small Cap has earned investors a return of 12.23% per year over the past ten years.
Bagby's performance continues an impressive streak of accolades for UMB Asset Management including Bill Greiner's win in the Business Week Fearless Forecaster competition, and numerous accolades for Jim Moffett's UMB Scout Worldwide Fund.
Kansas City Business News, let us know.
tipsheet(at)gmail.com
Sunday, July 23, 2006
Friday, March 24, 2006
H&R Block Beat Up
Company Analysis from Timothy Burger
Elliot Sptizer's office announced this morning that he was filing charges against Kansas City based H&R Block. The charges allege that Block defrauded clients by investing their assets in Block's Express IRAs.
In other news Block clarified the situation surrounding its restatement of state tax liabilities that have delayed the filing of its third quarter 10-Q.
I haven't spent enough time with HRB to recommend it, but when you see a company with a 19% operating margin and 35% ROE drop 6-7% in one day you have to take a serious look at it.
Block has a strong, established brand and sells a product that many people are forced to buy every year, Block is one of only a few businesses that actually benefits when Congress makes the tax code more complex! Block does face strong competition from Jackson Hewitt, and more importantly Intuit's Turbo Tax product.
In addition to Block's core tax preparation business they also have a business services division, as well as a volatile mortgage business and a money losing brokerage division.
Kansas City Business News, let us know.
tipsheet(at)gmail.com
Elliot Sptizer's office announced this morning that he was filing charges against Kansas City based H&R Block. The charges allege that Block defrauded clients by investing their assets in Block's Express IRAs.
In other news Block clarified the situation surrounding its restatement of state tax liabilities that have delayed the filing of its third quarter 10-Q.
I haven't spent enough time with HRB to recommend it, but when you see a company with a 19% operating margin and 35% ROE drop 6-7% in one day you have to take a serious look at it.
Block has a strong, established brand and sells a product that many people are forced to buy every year, Block is one of only a few businesses that actually benefits when Congress makes the tax code more complex! Block does face strong competition from Jackson Hewitt, and more importantly Intuit's Turbo Tax product.
In addition to Block's core tax preparation business they also have a business services division, as well as a volatile mortgage business and a money losing brokerage division.
Kansas City Business News, let us know.
tipsheet(at)gmail.com
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