Doing it our way now: the approach this company pioneered is becoming the market's way
The model's full reasoning — Q2 2017 call → NOWe need to determine if management describes that their way of doing things is being adopted, copied, or moved toward by others in the market, and that they treat it as validation. Scan the transcript for relevant statements. Sven Lindblad discusses competition: "there are obviously a bunch of new entrants into the 'expedition space.'" He says the label is used loosely, and that new entrants will increase noise. He argues that people will research and see that Lindblad has heritage and experience. He gives example of Ritz-Carlton entering, questioning if they can deliver. He says "I think I give the public a lot more credit for making intelligent decisions." This is about competition, but does he say others are adopting his company's way? He says new entrants are coming into the expedition space, but not that they are copying Lindblad's specific approach. He says they are using the label loosely. He doesn't describe others following his lead. He describes differentiation. He doesn't say "they are now doing what we did." He says they are entering the space, but not that they are imitating his model. He also mentions "expedition travel is our sole focus" and that gives confidence. But no mention of others adopting his methods. Check for any other mentions: "We are convinced that there's more activity as announced in the expedition space, we could continue to differentiate ourselves by capitalizing on our heritage and our experience." That's about differentiation, not adoption. No mention of competitors copying. No mention of industry standards converging. No mention of suppliers retooling. No mention of new entrants modeling themselves on Lindblad. The only thing is new entrants in the space, but that's not necessarily copying. Management treats it as a challenge but not as validation. They say they are well positioned, but not that others are following. Thus answer NO.
| Ticker | Company | Call | Date | Call grade |
|---|---|---|---|---|
| AES | The AES Corporation | Q1 2024 | 2024-05-03 | C+ |
| GGR | Gogoro Inc. | Q1 2023 | 2023-05-11 | D |
| TGT | Target Corporation | Q4 2022 | 2023-02-28 | C |
| ORAN | Orange SA | Q2 2018 | 2018-07-26 | B |
| USFD | US Foods Holding Corp. | Q1 2018 | 2018-05-12 | C |
| SHOO | Steven Madden, Ltd. | Q1 2017 | 2017-04-21 | C |
AES · Q1 2024 → YESThe question is: Does management describe that the WAY THIS COMPANY DOES THINGS is NOW BEING ADOPTED, COPIED, OR MOVED TOWARD BY OTHERS IN ITS MARKET, so that the company's own way of doing things is ...
GGR · Q1 2023 → YESThe question is: Does management describe that the way this company does things is now being adopted, copied, or moved toward by others in its market?
TGT · Q4 2022 → YESThe question is: Does management describe that the way this company does things is now being adopted, copied, or moved toward by others in its market?