Winning is getting easier: management describes the effort needed to land each new piece of business visibly falling, wi
The model's full reasoning — Q3 2018 call → NOWe need answer YES/NO. Need analyze transcript. Question: does management convey that it has recently become easier for company to win business than used to be, grounded in real business won, still in effect. Need look for evidence. Transcript: Jay Sidhu discusses deposit growth, loan growth, strategies. He says "we are very encouraged that our new customers that we are attracting in the student business view our product offering as a core product the majority of them do, and hence we continue to see average deposits grow." That's about deposits. Also "we launched CB digital bank... generating approximately between $52 million to $100 million a month in core deposit growth." "BankMobile deposits continued to increase." "We did not increase any rates after the last Fed increase, but we are still experiencing between $50 million to $60 million inflow of core deposits at this time." This suggests deposits coming without raising rates. But is that "winning business easier than used to be"? Need compare against own past. Management says "for the year, we’ve been planning and executing on many improvements in our deposit generation and product offering capabilities. All of those were implemented starting Q3, and the ending result is that our escrow balances increased significantly... Also we launched CB digital bank... Then thirdly, the BankMobile deposits continued to increase." This is about new initiatives, not necessarily easier. They mention "we did not increase any rates after the last Fed increase, but we are still experiencing $50-60 million inflow of core deposits" - that implies they are getting deposits without raising rates, which could be easier than before? But no explicit comparison to past difficulty. Also "We expect significant growth in low cost BankMobile white label deposits starting sometime in next year" - future. "We are very confident that in 2020, BankMobile will definitely be very profitable" - future.
| 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+ |
| VRNS | Varonis Systems, Inc. | Q2 2016 | 2016-08-09 | B+ |
| ACCO | ACCO Brands Corporation | Q1 2016 | 2016-04-27 | B+ |
ACCO · Q1 2016 → YESThe question is: Does management convey that IT HAS RECENTLY BECOME EASIER FOR THE COMPANY TO WIN BUSINESS THAN IT USED TO BE, based on real recent wins, and still in effect. YES The transcript shows management conveying that winning business has become easier than in the company's recent past. Boris Elisman states that customers have seen the value of the company's strong brands during the past couple of seasons, resulting in broader and deeper penetration in mass retailers and continued share gains.
NICE · Q4 2023 → YESThe question is: Does management convey that IT HAS RECENTLY BECOME EASIER FOR THE COMPANY TO WIN BUSINESS THAN IT USED TO BE, grounded in real business won recently, and still in effect.
VRNS · Q2 2016 → YESThe question is whether management conveys that it has recently become easier for the company to win business than it used to be, grounded in real recent wins, and still in effect.