Discussion:Innuit's Discover Pot-O-Gold

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Discussion Forum Index --> General Chat --> Innuit's Discover Pot-O-Gold

CrowJD (talk|edits) said:

22 May 2009
The Innuit nation's third quarter results were released recently.


Looks like my strategy to short my own practice, and go long Innuit is working out pretty well. http://investors.intuit.com/releasedetail.cfm?ReleaseID=385220

P.S. Excuse me, I'm half asleep this morning, I meant Intuit.

Further explication: http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20090521&ID=9927226&Symbol=INTU

Please note: "The company is focused on drawing in new customers through free and low-cost products. "Adding new customers is key to growth, as management has proved adept at monetizing new customers, even those that start with its free offerings," Lederman said. She also kept an "Outperform" rating on the stock." Says AP

This is a great strategy for your own practice, offer the tax work for free, then "monetize" the client by selling him something else. This was a take off on my idea of offering free salty peanuts BUT selling grossly overpriced soft drinks at my tax shop.

Much easier to just go long Intuit and short my own practice though.

Pegoo (talk|edits) said:

22 May 2009
When are they going to give free software to tax preparers?

CrowJD (talk|edits) said:

22 May 2009
No use crying about it Pegoo. You know those profits you were going to plow back into your business? Forget about it; it's a much better deployment of capital to take it and buy Intuit stock! Of course, speak to a licensed and qualified investment advisor (if there is such a thing as a qualified investment advisor).

As Popeye would say "If you cants beat 'em, joins 'em."

TheTinCook (talk|edits) said:

25 May 2009
Crow, it's Intuit, not Innuit. Everyone knows that Innuits don't use Intuit software because they value their seal and whale blubber holdings under LIFO. Intuit software can only use average cost.

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