Update on FICO

I wanted to provide a brief update on FICO (FICO). In the newsletter, I mentioned that on Thursday, FICO reported fiscal Q1 earnings of $3.70 per share. That beat expectations of $3.36 per share.

FICO also said that it expects full-year earnings of $14.12 per share which was below Wall Street’s forecast of $14.81 per share.

Here comes the problem. I lowered my Buy Below price on FICO to $450 per share. On Friday, the shares opened at $426.46 and began a fantastic rally from there. I had no idea that FICO would rally like that.

This is an old lesson that in any portfolio, you never know who the big winners will be.

On Friday, FICO eventually closed at $493.12 per share. That was a gain of $70.13 per share or 16.58%. In other words, my $450 Buy Below was a wee bit off. I’ll probably adjust that upward soon.

Posted by on January 29th, 2022 at 4:31 pm


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