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 second time in the past two weeks.Zacks has taken similar actions throughout the past two years. In its latest statement, Zacks said it is maintaining its Sell rating for Block. "HRB was unable to file its 10-Q with the SEC within the required time period, and the company postponed its conference call with analysts," Zacks said. "Despite recent changes in the company's senior management team, significant uncertainties remain with respect to the impact of the company's decision to shut down its Option One Mortgage business." Zacks can be found online at http://www.zacks.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry