Open Question

JIM, i am watching your show this very moment and you recommend buying hrb. why
would you recommend a stock of a company that has been bought out by ameriprise
financial company.question being, why would i buy a stock of a company that has
just been bought by another?..chris

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They had a heck of a discount brokerage, $4 trades, I think. The actual
brokers, I wasn't very impressed with. I knew more than they did in quite a few
instances and they had a tendency to advise you to invest in stuff like reverse
convertible notes on momentum stocks. Not exactly the stocks you want to buy up
when they crash.

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thanks drew, so i guess the girlfriend should do something with her brokerage
account with them maybe. shes' had money parked there for sometime now. thanks
for the clarify. ya see mac, i new i didn't need new batteries for my hearing
aid.lol.chris

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You are both incorrect. HRB is not being bought out. HRB is selling off
financial(broker) arm to Ameriprise and dumping their mortgage exposure to
whomever they can. Wife has brokerage account at HRB, so I have first hand
knowledge. Basically HRB will soon be a pure (doing) taxes play.

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let me tell ya mac the old lady said that when she got her proxy statement from
hrb cause she owns some texas oil stock that it was bought up by ameriprise. so
they are selling more than mortgage notes my man. she has it here on paper.dude,
i dont make this stuff up. and don't ask why hrb has anything to do with oil
stocks cause i don't know nor do i care. i just thought it unusual for cramer to
suggest a stock of a company that are selling themselves or even parts of
themselves.chris

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well actually they sold some of their mortgage stuff to ameriprise. ya maybe
should crank the ole hearing aid up man.

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