Want to join the conversation?
On Aug. 31, 2015, $HRB completed the P&A Transaction and made a one-time cash payment to BofI Federal Bank of approx. $419MM, which is equal to the carrying value of the liabilities assumed by BofI. In connection with the closing, $HRB intend to liquidate the AFS securities previously held by HRB Bank, which totaled $404MM at July 31, 2015.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.