H&R Block's CEO Very Open & Experienced

Oppenheimer has published a research report on H&R Block

following meetings with management and positive feelings about executive staff. In the report, Oppenehimer writes "We recently met with HRB's new (past few months) management team. We're encouraged by the CEO's openness, executive experience, strategic views, & enthusiasm. Leadership has the potential to execute a successful two-front (storefront/digital) model across an appropriate cost structure to expand earnings at a measured pace. Although HRB's RAL contract with HSBC is uncertain, we've just learned legal resolution should arrive within 30 days. Particularly if the outcome is favorable, HRB should benefit competitively this year, since a significant RAL partner to HRB's storefront competitors essentially announced its exit from the business yesterday." Oppenheimer maintains its Perform rating on H&R Block, which closed yesterday at $10.62.