New Index complements FICO scores

Article Excerpt

FAIR ISAAC CORP. $438 is a buy, but only for highly aggressive investors. The company (New York symbol FICO; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 28.9 million; Market cap: $12.7 billion; Price-to-sales ratio: 10.4; Dividend suspended June 2017; TSINetwork Rating: Average; www.fico.com), in response to rising unemployment due to COVID-19, has launched the FICO Resilience Index. Similar to its FICO Scores, which lenders use to make decisions about creditworthiness, this new Index takes into account general economic conditions to measure a borrower’s ability to financially weather periods of economic disruption or volatility. Using both tools will help lenders better identify borrowers who have a lower FICO Score, but are still in a good position to access more credit. Fair Isaac is a buy. buy…

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