Shareholder Urges Fair Isaac to Explore Possible Sale

MarketWatch reports:

Investment management firm Sandell Asset Management Corp. on Friday disclosed a 5% stake in Fair Isaac Corp., and urged the company to hire a financial adviser to review alternatives, including a possible sale. In a letter to Fair Isaac Chief Executive Mark Greene, Sandell also urged the Minneapolis-based provider of analytic software and data management products to “continue to aggressively repurchase shares at the current depressed valuation levels.” Fair Isaac shares rose 5.8% to $39.60 in Friday afternoon trade.

This stock needs something to shake it up. Earnings were lousy last quarter and the shares haven’t done much all year.

Posted by on June 29th, 2007 at 10:25 am

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