Fair Isaac's Moat Under Pressure - A Tactical Short
FICO plunged after an FHFA-driven change to mortgage pricing and faces accelerating competition from AI lenders that bypass traditional scores. The shares are already down to $592.90 from a $1,998 high last year. Fundamentals (strong free cash flow but a higher EV) and heavy recent short activity support a mid-term short opportunity. Trade sized ca…