Travis Hoium

If there's pricing pressure, which is just one of the areas you would feel at first, they're not feeling it yet.

It was arguably a value stock at the beginning of the year.

Let's talk about another one that is potentially under threat, that is Intuit.

This is a company that's making

Tax preparation, TurboTax, that's the thing that they're known for the most.

But the drawdown with their stock is 60%, and that's in just a matter of months.

So is this one of these cases where disruption is coming for them and we're not going to see it until maybe tax season 2027?

Or are we getting into value territory with shares trading for 16 times forward earnings estimates, Lou?

You don't like paying for Intuit once a year?

I've never understood that.

Why?

Why is it that once a year it seems like I get like a $50 bill from the IRS for something that I forgot to put into TurboTax?

Why didn't you just tell me that in the first place?

I've felt the same way as I've gotten older, where paying $100, even $200 to get your taxes done, it's way more efficient than spending a whole bunch of time.

My grandpa used to do these by hand.

That was his hobby as he got older.

They also seem like a company that could potentially leverage tools like artificial intelligence.

Correct.

To be much more efficient as a company.

You know, hey, Travis, here's your folder of documents.