Jim Cramer Notes “Fair Isaac’s Good”

Fair Isaac Corporation (NYSE:FICO) is one of the stocks Jim Cramer shared his thoughts on. When a caller asked about the company during the lightning round, Cramer remarked:

“I think FICO’s good. I’m going to stick my neck out and say that I think FICO’s okay here. And by the way, I’m always willing to have Will Lansing on because he’s a smart fella. I think FICO’s, Fair Isaac’s good.”

A hands-on approach: technicians working on data management products in an open lab space.

Fair Isaac (NYSE:FICO) develops software and analytics tools that help businesses automate and improve processes such as credit scoring, fraud detection, customer engagement, and marketing. In April, Cramer mentioned the company stock while discussing the best-performing stocks of the last 20 years and said:

“Now we’re back on familiar ground with number 17, a company we’ve had on the air. It’s called Fair Isaac, up 5,732% in the Mad Money era. These guys are the keepers of FICO… Okay, they provide businesses with all sorts of software and services to help them manage credit risk.

Over the past 20 years, we’ve seen all sorts of fintech disruptors arrive on the scene, touting some new fancy lending decision-making technology that will ‘Make the FICO score obsolete.’ Some of these companies are great, but nobody’s been able to beat the FICO score, have they? It’s still universally used.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.