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 to determine if management conveys that it has recently become easier to win business than in the past, with real recent proof and still in effect. Let's examine the transcript. Sean Trauschke's opening remarks: "We continued our strong record-setting safety performance... Speaking of the generating fleet... The Mustang Energy Centers have approximately 1,800 starts across the seven units since inception earlier this year, demonstrating their value to the market and our customers." That's about performance, not ease of winning. He mentions "We are in a fortunate position as having continued customer and sales growth in our service territory. We added over 6,000 new customers since last year and sales growth is steady at about 1%." That's growth, not necessarily easier. He talks about economic development: "We continue to be on the front line working with stakeholders to attract new and diverse businesses... For example in the third quarter we saw the expansion of a large customer in Init, Oklahoma. This successful expansion was instrumental in not only protecting the existing jobs in the area, but also adding new jobs. We successfully partnered with our customers and communities to find solutions for their business and economic needs. Furthermore on the commercial front, our footprint continues to expand in the data center sector. Another area of focus that is gaining traction is the electrification of compressors and processors in the prolific SCOOP and STACK midstream space. There is a strong business case for conversion and we are at the forefront of this transition." This describes wins but no comparison to past difficulty. He doesn't say it's easier than before. He says "gaining traction" but that's about a new area, not a comparison to past. He mentions "We issued an RFP for these capacity needs. We expect to make approval filing with the OCC in December... We have been impressed with the proposals and although we can't discuss the specifics. We are pleased that customers will see reduced cost as a result of our actions." That's about cost, not ease of winning. He talks about regulatory: "In Arkansas, we filed a new rate request under the Formula Rate plan...
| 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.