Intuit, Inc. (NASDAQ:INTU)

Some of the problems Intuit had with Turbotax this season were pretty dire. Yes they have persuaded the IRS not to fine payers who got caught in the ghastly mess they made of the e-file process. But they are charging a LOT of money for something which simply did not work in far too many cases for comfort. Then there was the estimated taxes gambit. They charge about $17 to remind the payer that he/she needs to make a payment. However once the return is complete one finds neatly printed out payment vouchers to be used to cover the payments. They have a 3 month trial for this "service" which I expect 90% of first time estimated taxpayers are going to duck out of. And they don't even include state estimated tax! So what on earth is the point? Intuit had done pretty well with only occasional glitches until 2007. Then all hell broke loose. I sure as blazes will NOT be using them next year. The problems they caused were many. They entirely emptied my bank account because the submitted forms told me I was paying both fed and state by check. I then discovered, once the returns were finally accepted that the bank information WAS embedded as it had been all along so both fed and state double dipped. I had to have several thousand taken from my credit card account to cover this. The interest and loan charges are going to be in the hundreds. After the well publicized problems, would a small claims court look kindly on a request for reimbursement? Am I alone in all this? I have a feeling I am not. I think that once the dust settles and the charges come home to roost, Intuit may be looking down the wrong end of some pretty wide dissatisfaction. Their competitors can now trumpet the trust angle and customers are going to try their product. Some may never return. If anyone were to ask for a recommended tax program for 2008, how many will remember the problems and play safe. Anything BUT Turbotax would be my response.

acquired DGIN to deliver online banking, still room for growth in that space.

Taxes suck. Which is why you should buy the company that makes dealing with them easier.

Payroll applications will make this a market winner. Plus total domination in all markets it enters.

great market and business

Intuit has remarkable staying power and a pretty conservative board to continue steady growth.

Recent acquistions stage Intuit to beat the S

Founded in 1983, Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals The company’s flagship products include QuickBooks, TurboTax, ProSeries, Lacerte and Quicken. The company through its five-business segments consumer tax, QuickBooks, payroll and payments, professional tax and other businesses tries to create new ways to manage personal finances and small businesses that are so profound and simple

The philosophy of Intuit has been to develop, partner, or acquire in order to drive revenue growth. Endorsing the same it has gone for the acquisition of Digital Insight, a leading provider of online banking solutions. The deal look sensible as it has a huge market base of 16,000 financial institutions to serve. The duo also has plans of launching a killer application in 2007. Moreover the recent announcement of acquisition of ECHO comes at a decent valuation. The deal is currently pending approval and if get through would help scaling of its payment processing business and expand Intuit's distribution channels and partners

Small business and consumer tax account for 73% of 2006 revenues and expect to do in the coming year. Intuit sees huge potential in small and medium size business. There are about 26 million of them with less than 500 employees, which still use paper and pencil or spreadsheet for accounting purposes. The September launch of Quick Books 2007 has been a great success garnering 28% revenue growth in a short span of time with five out of five star rating from the most sought PC Magazine.

The company is very bullish on the broadening base of population of those who file tax returns with forecast of about 135 million to sell its TurboTax. Intuit has an advantage of having a subscription based revenue model that is predictable, recurring in nature supported by a strong renewal rate. The company has good cash flows supported by a loyal customer base translating into improved profitability, to make it a promising pick for the coming year.

Understandible business. Great product I use myself everyday. Lots of cash, no debt. Currently trading near the bottom of its historical range. Great products, great ROE, no debt, a winner.

Great growth and cash flow. Best products in its space.

Gains 50% to $45 on takeover. 91% share small bus acctg & 74% consumer tax/finl. Sales 16% CAGR. 12/06 buys 2 online tools co for finl institutions, can cross-sell consumers. 4Q06 GOOG ad deal. Board inter-locks: CEO Scott Cook on EBAY, John Doerr on INTU AMZN GOOG, VRSN officer on INTU. 12/06 signed Kiplingers exclusive for tax info (ended HRB deal). $1B cash $3/shr. New Med Manager, possible MSFT GOOG EBAY others takeover.

will beat current problems with mangement and parnter with prospects looks good for future development

Intuit is making the right moves!

INTU has been beaten up recently by the Wise ones, but they are heading into their peak earnings season and should have a couple of great quarters. Longer term, they are making bold moves to diversify and expand, which should help insulate them from the heavy seasonality caused by their tax-related business.

Temp pull back due to valuation scare. It should do well into the tax season.

Tax season is around the corner, so there will be higher revenue due to turbotax.

They make a great product.

MSFT threat is behind them.

tax season is coming up