We're posting up notes from the Invest For Kids 2016 investment conference. Next up is William Heard of Heard Capital who pitched long Fair Isaac (FICO).
William Heard's Presentation at Invest For Kids Chicago 2016
• Long Fair Isaac (FICO)
• Misunderstood, synonymous with credit scores but has a much broader, better business
• 60% applications, 25% credit scores, 15% tools
• Valuation seems rich on P/E and P/BV but still a good opportunity
• Not just levered to consumer credit and mature, saturated markets -- $8 billion total addressable market, so a move from current 3% share to 5% means hundreds of millions in revenues
• Shrinking share count: -57% since 2004
• Have beaten quarterly estimates more often than not in recent quarters
• Only six analysts cover the company
• $150 price target at 22x forward EPS
Be sure to check out the rest of the presentations from Invest For Kids 2016.
Thursday, October 27, 2016
William Heard Long Fair Isaac (FICO): Invest For Kids Chicago 2016
Wednesday, January 13, 2016
What We're Reading ~ 1/13/16
George Soros: it's the 2008 crisis all over again [CNBC]
Rare interview with Michael Burry (of The Big Short fame) [NYMag]
Daniel Kahneman on intuition and loss aversion [Farnam Street]
Barron's top 10 stock picks for 2016 [Barrons]
The 2016 Crossing Wall St buy list [Crossing Wall Street]
On Amazon's entrance into India [Fortune]
Amazon and world domination [Value Venture]
A painful year for contrarian trades [A Wealth of Common Sense]
The difference between patience and stubbornness [Fool]
In Silicon Valley now, it's almost always winner takes all [New Yorker]
Baidu's Li says investors don't get China's coming internet boom [Bloomberg]
The digital future of consumer-packaged goods companies [McKinsey]
50 unfortunate truths about investing [Morgan Housel]
Cordcutting: myth or reality? [Value Seeker]
How FICO became outdated [PYMNTS]
Meet the 'new' lower margin, lower quality Chipotle [HVST]
Current case for Liberty Global (LBTYA/K) [Jnvestor]
Nearly 95% of young renters want to buy, but many say they can't afford it [WSJ]
Wednesday, November 11, 2015
What We're Reading ~ 11/11/15
Dream Big: How the Brazilian Trio behind 3G Capital acquired AB Inbev, BK & Heinz [Correa]
10 questions to help define your investment philosophy [A Wealth of Common Sense]
A way to detect bias [Paul Graham]
What the Marines taught me about investing [WSJ]
The peril and opportunity of China [Mauldin]
Burbank's Passport says no place safe in China-led decline [Bloomberg]
Kyle Bass on China's looming banking crisis and the US economy [Fortune]
Platform Specialty Products could rebound [Barrons]
On Warren Buffett's stake in IBM [Medium]
On the focus of short-term profits [NYTimes]
How FICO became outdated [Pymnts]
Why the next sports empire will be built on eSports [Redef]
America's exurbs are booming [New Geography]
