Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of financial services veteran H&R Block
So What: The company just announced that it's buying smaller tax-preparation expert 2SS Holdings for $287 million in cash. Though the TacACT parent is expected to add $0.05 per share to H&R's bottom line right away, investors seem less than impressed by the move.
Now What: Fellow tax experts Jackson Hewitt Tax Services
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