Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Tuesday, July 3, 2007

Article Excerpt

H&R BLOCK INC. $23.03, New York symbol HRB, moved up on news that investment firm Breeden Capital Management, which is headed by a former SEC chairman, aims to elect three of its nominees to H&R Block’s 11-member board of directors. Breeden owns 1.86% of H&R, and will probably put pressure on the company to cut costs or sell out to private investors. Meanwhile, H&R’s outlook is improving. The upcoming sale of its subprime mortgage subsidiary cuts its long-term risk, and will let it focus on its more profitable tax preparation and accounting operations. The extra pressure from Breeden should also push up the stock price. H&R Block is a buy. FAIR ISAAC CORP. $40.30, New York symbol FIC, has struggled in the past year as its core FICO credit rating product faces new competition from a system developed by three leading credit bureaus. The company has now attracted the attention of an activist investment firm, which owns 5% of the company’s stock. This…