Bear of the Day? It's Block Again

H&R Block, the Kansas City, Mo.-based parent of Option One Mortgage, has been labeled the "Bear of the Day" by Zacks Equity Research, Chicago, for the third time in recent weeks.Zacks has taken similar actions throughout the past two years. In its latest statement, Zacks said the company faces challenges involving liquidity, federal regulation, discontinued operations, refinancing arrangements, and congressional legislation. "While the company is showing signs of improvement, many uncertainties remain, both resulting from the deterioration in the mortgage market and related to the company's core tax business," the research company said. Zacks can be found online at http://www.zacks.com.