Doing it our way now: the approach this company pioneered is becoming the market's way
The model's full reasoning — Q1 2024 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 they treat it as validation. Key points from the transcript: - Bill Stone discusses "alternative app distribution" and "direct distribution" as a concept. He mentions that mega cap tech players are now talking about it, and that regulatory environment (e.g., Digital Markets Act) is pushing it. He says: "you're seeing mega cap tech players not just meta, but others, now talking about alternative app distribution." He also mentions that the company is uniquely positioned to deliver on this. He says: "we're in a pretty unique spot, you know, here to really capture on this wave of alternative app distribution." He compares it to CTV a few years ago. - He also mentions that they have an embedded base of devices, and that "advertisers, publishers, demand side platforms and all the people that are going to integrate in this new app world is something I think they're going to -- want to take advantage of." - He says: "I think it's going to be some really nice opportunities that, you know, we're really uniquely positioned to just given the embedded base of devices with our technology already on them." - He also mentions that they are seeing "positive movement on the willingness of our U.S. supply partners to soften their positions on some popular Chinese applications" which increases demand. - He talks about SingleTap and its adoption by TikTok, LinkedIn, and a large social media company. That is about their product being used, not necessarily others copying their approach. - The key part is about alternative app distribution. He says that mega cap tech players are now talking about it, and that the company is uniquely positioned. He does not explicitly say that others are copying their specific method, but he says that the concept of direct distribution is being discussed by others. He says: "Many of you may have seen articles in the press talking about a concept of direct distribution of applications involving mega cap tech players. This is highly strategic, and I want to spend a few moments describing it." He then describes what direct distribution is, and says that the company is uniquely positioned to deliver on it.
| 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?