Feb. 19 at 6:31 PM
$FICO FICO enjoys a de facto regulatory monopoly because Fannie Mae and Freddie Mac required FICO scores for conforming mortgages.
I am tempted to initiate a position after a 50% drop from ATHs, but valuation trends suggests that it has only given up the froth. On a 10YR basis, we have historically seen more downside, especially if the housing market continues to be weak.
I'll keep waiting.
