Winning is getting easier: management describes the effort needed to land each new piece of business visibly falling, wi
The model's full reasoning — Q2 2021 call → NOWe need to determine if management conveys that it has recently become easier for the company to win business compared to its own past, with real recent wins, and still in effect. Look for explicit or implicit comparison to past difficulty, concrete examples of recent wins, and ongoing ease. From transcript: Rob Holmes talks about hiring talent, building team, etc. mentions "prospective bankers are telling us this is an opportunity in a company they want to be a part of." That's about attracting employees, not winning business. He mentions "we gained market share in the back half of the second quarter" in mortgage warehouse. That is a win, but does he compare to past difficulty? He says they executed levers, gained market share. Also "we saw new clients. We saw increased volume with old clients" – that's real recent proof of business won. But is there a comparison to past difficulty? He says "when those volumes went down by that much, we did take action, and we saw new clients." That implies they responded to a decline, but not necessarily that it's easier than before. He doesn't contrast past difficulty with now. He says "the back half of the quarter, we gained market share" – but that's about market share, not necessarily easier wins. Also he talks about "we are being very discerning that the people that we brought in are attracting other people" – that's about hiring. Another part: "I could not be more excited with the team that we have and the team we are building." Not about winning business. He says "we are establishing a culture of clear communication, transparency and accountability." Not directly. Julie mentions "we experienced another quarter of average growth in non-interest bearing deposits" and "treasury sales cycle is longer, but momentum is positive and gaining traction." That's about deposits, not necessarily easier. Question specifically asks: "does management convey that IT HAS RECENTLY BECOME EASIER FOR THE COMPANY TO WIN BUSINESS THAN IT USED TO BE — that landing a new customer, order, contract, or expansion now takes visibly less effort, time, persuasion, or concession than the company's own recent past required?" Look for any statement like "it used to be hard but now it's easier." I don't see such a comparison. Rob talks about "prospective bankers are telling us this is an opportunity" – that's about recruiting, not winning business.
| 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.