Position doing the winning: current wins credited to a standing already held, with more arriving over it
The model's full reasoning — Q1 2024 call → NOThe question asks whether management explains current business wins as flowing from a standing the company already holds, and whether further business is arriving over that same standing without a proportional new push. Looking at the transcript, Andy Harmening discusses the company's strategy and momentum. He mentions "we've generated significant momentum" and "we've added key talent in leadership positions across the bank. We've grown our commercial RM base." He talks about "the quality of folks that we have and the quality of people that we're at, they typically have a following. So we are not – we don't have to stretch on credit. It is simply a matter that we have more commercial bankers than we did before." This suggests that the wins are attributed to having more commercial bankers (a standing they've built) and the quality of those people. But is this a "standing" in the sense of a durable position, or is it more about the effort of hiring and the people themselves? The question asks if the standing is something durable built, secured, or became BEFORE this period. The hiring of RMs is an ongoing effort, and the wins are attributed to the people they've hired. However, the question also asks if further business is arriving over that same standing without a proportional new push. Andy says "we expect that to continue" and "we feel pretty bullish about as we head into fourth quarter and some of those deals start to hit." This suggests continuation, but is it over a standing or over the ongoing effort of the RMs? The question also mentions "standing" as something like a capability, installed base, footprint, etc. Here, the "standing" could be the commercial RM base they've built, which is a durable asset. But the wins are described as flowing from the RMs' efforts, not from a position that customers choose because of where the company sits. The description is more about the RMs having followings and attracting quality, which is more about the people's efforts than a company standing. Also, the question asks if the standing is "already held" and "doing the winning" - meaning customers choose the company because of where it already sits, not because of a fresh sales push.
| Ticker | Company | Call | Date | Call grade |
|---|---|---|---|---|
| NICE | NICE Ltd. | Q4 2023 | 2024-02-22 | B+ |
| ACGL | Arch Capital Group Ltd. | Q4 2023 | 2024-02-15 | B+ |
| CHT | Chunghwa Telecom Co., Ltd. | Q4 2023 | 2024-01-30 | C |
| IMAX | IMAX Corporation | Q2 2023 | 2023-07-26 | B+ |
| SPIR | Spire Global, Inc. | Q1 2023 | 2023-05-10 | B |
| FTHM | Fathom Holdings, Inc. | Q1 2023 | 2023-05-10 | C |
| BXSL | Blackstone Secured Lending Fund | Q1 2023 | 2023-05-10 | A |
| POOL | Pool Corporation | Q4 2022 | 2023-02-16 | C+ |
| EXFY | Expensify, Inc. | Q2 2022 | 2022-08-12 | D |
| HLIO | Helios Technologies, Inc. | Q1 2022 | 2022-05-10 | C |
| BXP | Boston Properties, Inc. | Q1 2022 | 2022-05-03 | A |
| GFS | GLOBALFOUNDRIES Inc. | Q3 2021 | 2021-11-30 | A |
| WMB | The Williams Companies, Inc. | Q3 2021 | 2021-11-02 | B |
| PRIM | Primoris Services Corporation | Q2 2018 | 2018-08-11 | C+ |
| ORAN | Orange SA | Q2 2018 | 2018-07-26 | B |
| ROK | Rockwell Automation, Inc. | Q4 2017 | 2017-11-08 | C |
| MKTX | MarketAxess Holdings Inc. | Q3 2017 | 2017-10-25 | C+ |
| LEA | Lear Corporation | Q2 2017 | 2017-07-26 | B+ |
| HPP | Hudson Pacific Properties, Inc. | Q4 2015 | 2016-02-25 | C |
EXFY · Q2 2022 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and that more is arriving over that same standing without a new ...YES The transcript shows management crediting their pre-existing bottom-up adoption model and differentiated platform position (already in place since day one, with SMB focus and unique acquisition mechanics) as the operative cause of current wins. This is evident in statements like the model being "overwhelmingly driving the success of our business" and competitors routing customers to them due to the same standing. Further business is conveyed as already arriving through the same position, with trends continuing and the best quarter ever achieved on that foundation, even as they note additional investments in sales and conferences.
FTHM · Q1 2023 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and if more business is arriving over that same standing without...YES The transcript shows management crediting the company's pre-existing low-cost flat-fee model, owned technology, and culture-driven retention as the durable standing already in place that is generating current wins (market share gains, 18% agent growth, 60% of March referrals, and transaction resilience vs. peers). They describe these as flowing directly from that standing rather than fresh effort, while conveying continuation through the referral program's ongoing positive impact and the model's ability to draw more agents without proportional new marketing push.
ORAN · Q2 2018 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and that more is arriving over that same standing without a new ...YES The transcript shows management repeatedly tying current wins (net adds, ARPU growth, EBITDA expansion) directly to a pre-existing durable position: the #1 convergent operator status already achieved through prior leadership in fixed/mobile networks and fiber rollout, plus the installed base of 10.