Doing it our way now: the approach this company pioneered is becoming the market's way
The model's full reasoning — Q3 2016 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 this is validating their position. Scan the transcript for relevant statements. Steve Komar discusses identity management, specifically ECA PIV-I credentials. He says: "WidePoint is now the sole authorized provider of that credential and we believe that we have up to a 12 month competitively advantage window to capture this market opportunity versus the two other potential, but non-accredited by ECA PIV-I providers." That indicates others are potential but not yet accredited. He also mentions "other less rigorous credential providers with existing customers and contracts have run afoul of the new requirements, and we are in discussions with some who are considering turning to us as an alternative credentialing solution to resolve their regulatory dilemmas." That suggests others are considering adopting WidePoint's solution, but that's not exactly others copying WidePoint's approach. It's more like they are turning to WidePoint. Also, AT&T is using WidePoint's cert on device technology as their designated security solution for IOT. That is a partnership, not others copying. The question asks: does management describe that the way this company does things is now being adopted, copied, or moved toward by others in its market? The key is that others are following the company's lead. In the transcript, there is no explicit statement that competitors are copying WidePoint's approach. The mention of "two other potential, but non-accredited" providers suggests they are trying to get accreditation, but they haven't yet. That could be seen as them moving toward WidePoint's way, but management says they have a 12-month advantage, implying they are ahead. However, is that "others are now following the company's lead"? The other providers are trying to get accredited, but they are not yet. Management doesn't say they are copying; they are just potential competitors. Also, the "less rigorous credential providers" are considering turning to WidePoint, not copying. The essence is that the market is validating by imitation. Here, management doesn't describe imitation. They describe being the sole authorized provider, and others are not yet there.
| 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?