Block Again Tagged as Zacks 'Bear of the Day'

H&R Block, the Kansas City, Mo.-based parent of Option One Mortgage, has again been labeled the "Bear of the Day" by Zacks Equity Research, Chicago, this time for Sept. 4.Zacks took similar actions earlier this year and several times last year. In its latest statement, Zacks said "significant uncertainties" remain concerning Block's pending disposition of Option One Mortgage. "While the company's core tax business is showing signs of improvement, we consider the issues regarding the potential sale of Option One to be of paramount importance from an investment perspective at this time," Zacks said. "Until the picture regarding this sale becomes clearer, we would not recommend that investors initiate new positions in [Block] with the share price near current levels." Zacks can be found online at http://www.zacks.com.