Doing it our way now: the approach this company pioneered is becoming the market's way
The model's full reasoning — Q2 2016 call → NOWe need answer YES/NO based on transcript. Need determine if management describes that their way of doing things is being adopted/copied by others, validating. Let's parse. Transcript: Bill Carstanjen comments about Big Fish, social casino, etc. He mentions "We certainly have taken notice that there has been a great deal of growth in the Social Casino space recently in connection with the introduction of new apps, as compared to our pattern of further refinement and improvement around our existing Big Fish Casino app and platform." That is about others introducing new apps, but not necessarily copying company's way. He says "New apps that are differentiated from Big Fish Casino is an area we will continue to explore." Not about others adopting. Question asks: Does management describe that the way this company does things is now being adopted, copied, or moved toward by others? Need find any instance. Management talks about M&A activity in mobile game space, but not copying. They mention "we have read about recently announced M&A activity... Growth drives interest and purchase price multiples..." Not about imitation. Maybe about TwinSpires? They say "we continue to benefit from trend of horse players moving their play online from traditional brick-and-mortar outlets" - that's industry trend, not company's lead being followed. They outgrew industry, but not others copying. Maybe about Kentucky Derby? No. Maybe about Big Fish: "we have taken notice that there has been a great deal of growth in the Social Casino space recently in connection with the introduction of new apps, as compared to our pattern of further refinement and improvement around our existing Big Fish Casino app and platform." This suggests others are introducing new apps, while company's pattern is refinement. Not that others are adopting company's way. Actually company is considering adopting others' approach? He says "New apps that are differentiated from Big Fish Casino is an area we will continue to explore." So company is moving toward others' approach, not vice versa. Need answer NO. But let's be thorough. The question asks "Using ONLY supplied transcript... does management describe that the WAY THIS COMPANY DOES THINGS ...
| 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?