FICO: Capital Allocation, Management Incentives, and Valuation

Programming Note: This is the final part of my FICO Series. Last month, I announced that I would start publishing my Deep Dives as a series of posts rather than one single post. Having now tried that format with FICO, I’ll be reverting back to single posts for future Deep Dives. Several paying subscribers emailed me saying they prefer reading a Deep Dive in one place, and frankly, I’ve come to the same conclusion myself: unless you’re already familiar with the company, it’s hard to keep track of the thread when the analysis is spread across multiple posts. It’s simply easier to read (or listen to) the whole thing at once.

Subscribers get the daily journal and five+ years of Deep Dives, i.e. full-length analyses with financial models on 65+ companies. The daily is just how I think out loud between the Deep Dives!

FICO's Capital Allocation and Management Incentives