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HRB · H&R Block $44.12 -0.69 (-1.54%) 2026-SEP-18 12:48 EST

My allocationNot heldas of 2026-SEP-03 · allocation page ↗
Research: QT · SA · STK · FA1 mention
2026-JAN-27 · Pieter Slegers · Compounding Quality (Substack, free post) · Positiveinsight · read ↗ · source page ↗$40.38

In short: #21, yield 3.9%. Tax preparation through physical offices and software, plus the Spruce banking app. The demand argument is regulatory complexity: "as tax codes become more complex with new deductions and credits, the need for H&R Block's expert assisted services keeps growing." The capital allocation is the standout number on the list: "they have bought back nearly 47% of shares outstanding since 2016." Plus the Wave acquisition adding "a high-growth SaaS revenue stream to complement the seasonal tax business." The AI question a preparation business faces is not raised.

SOD $40.38

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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.