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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

571.0. "Financial information on Intuit" by LMOPST::AUDIO::MCGREAL () Tue Sep 14 1993 11:42


	I'm interested in buying shares in Intuit. They are a software company
	that makes Quicken, the leading selling personal financial software
	with about 60-70 % of that market. They just began the process of
	buying ChipSoft, the leading tax preparation software company.
	Their product is Turbo-Tax which also has the majority of that market.

	In addition I use both Quicken and Turbo-Tax and they are first rate
	products IMHO. They have both also been rated #1 in their categories
	by various computer mag. surveys.
	
	I checked Value-Line and there is no information there about Intuit.

	I called 1-800-4-ANNUAL to see if I can get the most recent annual
	report but the service doesn't always have the reports I'm looking for.
	In addition you don't find out they don't have the annual report until 
	you receive a note in the mail saying so.

	Does anyone have any information on the financial fundementals of Intuit.

	Thanks.

	Pat
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571.1SFC01::SFC01::SMITHPWritten but not readTue Sep 14 1993 15:525
Call Intuit's 800 number (800-433-8810) and ask for one or a transfer to 
investor services.

There is a stock traded on NASDAQ call INTUIT INC COM (INTU). If this is the 
same company its trading at 37 1/4 near an all time high with a P/E of 73.
571.2Intuit (INTU) NASDAQLMOPST::AUDIO::MCGREALWed Sep 15 1993 17:0912
	Thanks for their 800 number. I guess I should have figured that out for
	myself given that I bought Quicken.

	The company that you noticed on the NASDAQ with symbol INTU is the 
	same company. I didn't know their p/e was so high (73) wow. The p/e
	hasn't been listed in the WSJ. Most of the time it appears as "...".


	Thanks for the reply.

	Pat
571.3financials on IntuitNEADEV::SAMPSONOn the Road Again - and again - and..Sun Jan 31 1993 05:16120
The following might help you with Intuit:
    
INTUIT                                        Symbol: INTU 
Industry: Computer Services                      SIC: 7372

REPORT DATE: 09/25/93   KEY RATIOS:  Current  Yr Ago  Industry
Price          31.75    Price/Earn   59.79             19.39
52-week High   38.00    Price/Sales   3.36              1.47
52-week Low    24.00    Price/Book    7.73              2.94
Earning/Share   0.53    Rel Strength   NM       NM      1.22
                        Beta (Risk)    NM       NM      1.11
DIVIDEND INFORMATION
                        PERFORMANCE-   6/93   Yr Ago  Industry
Indicated Div   0.00    Profit Mgn     5.6 %    6.3 %    7.6 %
Indicated Yld   0.00 %  ROE           12.9 %  127.4 %   15.2 %
Prior Yr Yld         %  ROA           10.3 %   17.8 %    8.2 %
Industry Avg    0.35 %     To print, press [C] and [RETURN]

FINANCIAL STRENGTH-         6/93     Yr Ago   Industry
  Debt/Equity               0.00                0.17
  LT Debt/Capitalization    0.00                0.15
  Quick Ratio               4.14      1.64      1.82
  Current Ratio             4.27      1.86      1.97

GROWTH RATE IN PERCENT
                 -1 Year-         -3 Year-         -5 Year-
                Co.    Ind.      Co.    Ind.      Co.    Ind.
  Sales        88.1    18.5     59.1    17.5     92.5    15.9
  Earnings     22.7    61.0     21.1    29.8     55.6    17.6
  Dividends    NM       0.9     NM      -1.8     NM      10.5

Menlo Park, CA                         Phone: 415-322-0573

The company is a leading provider of software products that
enable households and small businesses to automate commonly
performed financial tasks.  The company's products are
intuitive and easy to use, and enable users to organize,
understand and manage their finances.



INCOME STATEMENT HIGHLIGHTS-By Quarter (millions of dollars)
                            QUARTERS ENDING                 
                    6/93       3/93      12/92       9/92   
Ttl Revenue         21.8       31.2       33.2       19.5   
Net Income           0.5        1.9        3.1        0.4   
Earnings/share     0.05       0.17       0.29       0.04    
Dividends/share    0.00       0.00       0.00       0.00    
                                                            
                 --LATEST QUARTER VS YEAR AGO--             
                    6/93       6/92    Chng                 
Ttl Revenue         21.8       19.3    13 %                 
Net Income           0.5        0.3   101 %                 
Earnings/share     0.05       0.03     67 %                 
Dividends/share    0.00                                     

INCOME STATEMENT HIGHLIGHTS-By Year (millions of dollars)   
                            FISCAL YEARS ENDING             
                   09/92      09/91      09/90      09/89   
Ttl Revenue         83.8       44.5       33.1       18.7   
Net Income           5.3        4.3        3.6        2.7   
Earn/share         0.50       0.42       0.36       0.27    
Div/share          0.00       0.00       0.00       0.00    
                                                            
                   --YEAR TO DATE ( 9 MOS)--     YEAR ENDING
                    6/93       6/92     Chng        09/88   
Ttl Revenue         86.1       64.3     34 %          6.1   
Net Income           5.5        4.8     14 %          0.9   
Earn/share         0.49       0.46       7 %        0.09    
Div/share          0.00                             0.00    

BALANCE SHEET-Assets (millions of dollars)                  
                          AS OF   -AT FISCAL YEAR END-      
                           6/93      09/92      09/91       
Cash & Equivalents         17.9        2.7        3.5       
Inventory                   1.5        2.6        0.7       
Other                      30.9       17.2       10.9       
CURRENT ASSETS             50.3       22.5       15.1       
                                                            
LONG TERM ASSETS            7.4        7.1        4.0       
                                                            
TOTAL ASSETS               57.7       29.6       19.1       


BALANCE SHEET-Liabilities/Owner Equity (millions of dollars)
                          AS OF   -AT FISCAL YEAR END-      
                           6/93      09/92      09/91       
CURR LIABILITIES           11.8       12.1        6.9       
                                                            
Long Term Debt              0.0        0.0        0.0       
Other Long Term             0.0        0.2        0.3       
LT LIABILITIES              0.0        0.2        0.3       
                                                            
TTL LIABILITIES            11.8       12.3        7.2       
                                                            
Preferred Stock             0.0       13.2       13.2       
Common Stk/Other           45.9        4.1       -1.3       
TOTAL EQUITY               45.9       17.3       11.9       

FREE CASH FLOW STATEMENT (millions of dollars)              
                           FISCAL YEARS ENDING              
                        09/92     09/91     09/90           
EARNINGS                  5.3       4.3       3.6           
                                                            
Depreciation             +1.8      +1.1      +0.8           
Deferred Taxes            0.0       0.0       0.0           
Other Sources             0.0       0.0       0.0           
Capital Expend           -3.2      -1.9      -1.9           
Dividends                 0.0       0.0       0.0           
                                                            
FREE CASH FLOW            3.9       3.5       2.5           
FCF/Share               0.37      0.34      0.25            
                                                            
OWNERSHIP
Shares Outstanding (mil)    11.2     EXCHANGE:   NASDAQ
Average Weekly Volume        2.8 %
Institutional Holdings      14.8 %
Management & Closely Held   71.0 %


571.4any barriers to entry?SLOAN::HOMMon Feb 01 1993 10:4521
If a company has a good product, it is only a question of time
before a competitor begins to nibble away at a company's marketshare.

There are factors which might slow a competitor down - barriers to
entry. For example, Adobe for a long time had a very elegant algorithm 
for printing. The company prosper. In time, competitors came in.

PTC has a very elegant mathematical technique for solids modeling. The
algorithm was developed by a bunch of Russian mathematians. Since that
caliber of scientist is rather rare, there are significant barriers to entry.
As a result, PTC sales is growing by leaps and bounds.

Consider Intel - the barriers to making money like Intel is 50,000
applications and a few billion bucks for a semiconductor plant.

The question one has to ask is: what is unique about Intuit that a few smart
MBA's and few millions bucks couldn't overcome? Computer Associates is 
trying to do just that.

Gim

571.5The answer is simpleLMOPST::AUDIO::MCGREALThu Sep 30 1993 11:0925
	They have a better product and they know how to convince the
	buying public of that.

	What really helps is that they (Intuit) were their first
	with an excellent product. Even Microsoft Money isn't as good.
	Innovation is always better than Imitation. Even if the imitators
	do well, sooner or later they have to come up with their own good ideas.
	If they can't, they die.

	In addition Intuit is smart enough to realize that you can't live
	forever on the merits on a single product so they buy Chipsoft
	(Turbo-Tax fame). Turbo-Tax is also No. 1 in their market
	with no close second.

	Having a tightly coupled personal financial management package
	with tax preparation is yet another strong product.

	Competition is a fact of life. 

	Nibbling on a market is Ok. 

	Having an entire meal is what really hurts.

	Pat 
571.6Intuit seems to be impressive....SPECXN::KANNANThu Sep 30 1993 16:0012
  Intuit doesn't seem to be bothered by giant klutzes like CA trying to
  grab the market with very aggressive moves (the Free Money offer).
  CA seems to be shooting at where INTUIT WAS. 

  Meanwhile, Intuit seem to have moved to personal finance related services,
  takeovers and on to the PDA market (They seem to have a PDA version of
  Quicken on the Newton - see the latest PC Magazine article on PDAs).

  Nari

  
571.7fyiSCHOOL::DESAIWed Oct 13 1993 14:1052
   MENLO PARK, Calif.--(BUSINESS WIRE)--Intuit Inc. (NASDAQ:INTU) 
Monday announced the release of its newest version of the Quicken 
Video.

	   For the first time, Quicken Video 2 covers Quicken concepts on all 
platforms and demonstrates the basic and newest features of the leading 
personal finance packages Quicken 3 for Windows, Quicken 7 for DOS, and 
Quicken 4 for Macintosh.

	   By offering the new Quicken Video 2, Intuit is the only personal 
finance software company to provide a comprehensive line of learning 
tools.  The Quicken Video 2 provides visually stimulating training to a 
new generation of video learning enthusiasts.  It's the perfect 
supplement to traditional tools such as manuals, onscreen help and 
tutorials.

	   "Different people have different learning styles," said Suna 
Kneisley, Quicken Video product manager at Intuit.  "Whereas some 
people learn best reading the manual, or using onscreen tools, others 
feel more comfortable watching concepts visually unfold before them.  
We developed Quicken Video 2 to address these customers' needs."

	   Quicken Video 2 acquaints new users with Quicken prior to 
installation.  Intuit research shows that a large segment of the 
population don't use personal finance software because they're 
unfamiliar with personal finance software and its benefits.  

	   By watching Quicken Video 2, new and prospective users can gain a
better understanding of Quicken's features and benefits -- they can 
"see" how Quicken will help them organize their finances.  

	   Intuit develops and markets products and services that enable 
households and small businesses to automate commonly performed 
financial tasks.  Quicken, the company's original product, allows users 
to automate their personal finances.  In March 1992, the company 
introduced QuickBooks, its first small business accounting product.  In 
June 1993, Intuit announced Pocket Quicken for Zoomer. 

	   To complement Quicken, QuickBooks and its other software products, 
Intuit offers a broad range of supplies, including checks, invoices and 
forms.  In addition, the company has a number of service offerings, 
such as the Quicken VISA card with IntelliCharge, that work with its 
software products to further automate financial tasks.

	   -0-

	   Note to Editors:  Quicken and QuickBooks are registered trademarks 
of Intuit.  Pocket Quicken and IntelliCharge are trademarks of Intuit.  
Other brands or products are trademarks or registered trademarks of 
their respective holders and should be treated as such.

571.8Good Alert!MIMS::BEKELE_DWhen indoubt THINK!Sun Jul 16 1995 18:5823
    Well, it has been two years since the base note appeared
    (hope the noter and others did buy then).

    After DOJ showered MSFT & Intuit with cold water the price of 
    Intuit plummeted to the 60+ range.  Then rumors of a take-over 
    pushed it up again to the mid 70th. Now it is in the mid 80th 
    after it announced that it has the backing of several major banks &
    financial institutions in allowing customers transact through
    the upcomming new version of Quicken.
    
    Question #1.  Do you think this will be a niche market or a good 
    share of the transaction business even though it may take awhile 
    justifying the current P/E of INTU (two years ago INTU had a P/E
    of 73) ?  If unjustfied, would you sell INTU short? 
    
    Question #2.  After a rumor and, if after awhile a buyer does
    not stepout, the price of the rumored company usually goes down.  
    In the case of Intuit, however, the price remained until its 
    marketing announcement and kept on going after the announcement.  
    What do you make of it?

    Regards,    
    Dan
571.9Any news?ALFSS2::BEKELE_DWhen indoubt THINK!Thu Sep 05 1996 00:165
    This stock lost 10+ % to hit what appears to be a 52-week low 
    of 32 1/2 with 1.47mil shares in volume.  Buying opportunity
    or 'cut your loses?'
    
    Dan
571.102155::michaudJeff Michaud - ObjectBrokerThu Sep 05 1996 02:3314
> This stock lost 10+ % to hit what appears to be a 52-week low 
> of 32 1/2 with 1.47mil shares in volume.  Buying opportunity
> or 'cut your loses?'

	I wouldn't buy w/out knowing why it got hit (I haven't watched
	tonights NBR yet).  Here's a few fundamentals:

Symbol: INTU (INTUIT INC)
Last Trade: 32 1/2, Change -3 3/4 (-10.34%) at Sep 04  4:01:39
Bid & Ask:  32 1/2 & 32 3/4 (spread 1/4)
Low & High: 32 1/2 & 34 1/2 (spread 2)
52 Week Low & High: 31 3/4 & 89 1/4 (spread 57 1/2)
Volume/# of Trades: 1471000 / 1027 (1432 shares/trade)
Market Cap: 2022.00, Beta: 1.30, EPS Growth: -49.20