Zacks Labels Block '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.Zacks took similar actions earlier this year and several times last year. In its latest statement, Zacks said it is maintaining its Sell rating for Block. "Despite recent changes in the company's senior management team, significant uncertainties remain with respect to the pending disposal of the company's Option One mortgage business," Zacks said. "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 can be found online at http://www.zacks.com.