H&R Block Continues To Execute Even As Investors Ride An Emotional Rollercoaster

H&R Block has historically been a great example of a predictable, dependable business. This past year, however, shareholders really seem to have gotten a case of “the sky is falling” syndrome. Shares have lost close to 50% over the prior year and have then pretty much regained all those losses, despite the underlying business performing as it always has. H&R Block remains a ‘buy’ despite the recent run-up in the stock and offers investors compelling value, even at current prices.

H&R Block (HRB) has been one of the few companies I have written about on Seeking Alpha that I have expressed a bullish view on over the past year and a half or so. Frustratingly, the market has not been rewarding the company's operational performance. The company has been executing well, but the stock price has been very volatile. This article will analyze the company's recent performance and valuation to determine if the stock is still a buy.