Intuit, Inc. (INTU)

a good stock

Chewing away at the tax market

Quicken software is an 800 pound gorilla.

always improving their accounting software. What do you expect from a bunch of accountants? profits, growth, conservatism.

This account tracks the performance of newly minted 4 star stocks - 3 star stocks that recently turned in to 4 star stocks.

Bought mint.com for $170M, which will increase revenue for INTU.

With current downturn economy many small businesses will pop up creating a need for Quickbooks Software. Also, many out of work accountants and bookkeepers can utilize this great software to manager multiple small businesses.

INTU

5/21/9 IBD SRH > 0, AND [P/E < 20 OR OLE > <35>]

Ruler of the market of financial software. Expanding into India

TurboTax.

Don't think I'd buy this in real life, but it's a perfect CAPs play if they continue to dominate their niche in the software market over the next few years.

Market dominating products that make people's lives simpler.

20

Is becoming a mom and pop business standard and still produces the best of tax application for accountants. Will be a steady performer if not a star.

$21-$24

Called intuit last week after reading the turbo tax support board. if you dont know they had a horible mistake which they blame on IRS (but the consensus is that it was intuit's blunder). if you paid your filing fees or your owed tax on time using direct deposit(or cc, i think) and asked for your rebate check to be direct deposited- it wont happen. mine was due may 9 but will be receiving it by mail june 29. this has happened to a huge amount of their customers. 2 points: there is a LOT of anger on the turbotax board, people,like me, who have used them for 10 years are adament that they wont use the product again. also there was a lot of people that said they called intuit and were immediately given refunds for the software. i called and quickly got refunds to my cc for both the softwae and the e-filing.94bucks. in talking to the support person on the phone it was clear that anyone with this issue can simply call and get the refund and that it is company policy to give it to all that ask. he also said that everyone that is calling is furious. i dont know how you quatify the loss of revenue for this past tax year or the number of lost repeat customers but it sure is tempting to short them. this info isnt very public but its real. any thoughts?

nico

chairman dumping shares

Read my take on JTX.