My Favorite Stock
Mutual Funds (09/00) Vol. 6, No. 11 p.38; Schwartz, Nelson D.

Financial analyst Robert Kleinschmidt of the Tocqueville fund says H&R Block is the stock to beat. Over the last few months, Kleinschmidt has been gobbling up shares of the tax preparer, which now represents about 2 percent of Tocqueville's fund assets and is on point to reach the 4 percent mark. He justifies his selection by noting H&R Block's impressive P/E of 12.5 times fiscal year 2000 earnings. Kleinschmidt also cites H&R Block's good earnings growth and market dominance as other traits that have earned his favor.

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