"H&R Block said in an SEC filing... that Option One failed during the quarter ending Jan. 31 to meet minimum
profit levels that lenders set in order to make what are known as warehouse loans to Option One. Block's CEO,
Mark Ernst, indicated in late February that he thought Option One would fetch at least its $1.3 billion book value
when a deal was struck. Securities analysts, notably... UBS AG Investment Research's Kelly Flynn, have
expressed increasing doubt about that prospect. Flynn estimated [recently] that the unit could sell for as little
as $400 million."
They have missed the profit margin >? Another lender which missed the boat ?
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