Doing it our way now: the approach this company pioneered is becoming the market's way
The model's full reasoning — Q1 2022 call → NOWe need answer YES or NO. Need analyze transcript. Question: Does management describe that the company's way of doing things is being adopted/copied/moved toward by others in market, validating company's lead? Need find in transcript. Management talks about business model, unit economics, Shopee, SeaMoney, Garena. They mention "Our track record in Southeast Asia and Taiwan is proving the success of this model and our convictions have only further grown with what we have achieved in Brazil within a short period of time." That's about their own model success, not others adopting. They mention "we were pioneers in fact in many of the markets introducing a take rate and gradually increasing" but not others copying. They mention competition: "we always take competition very seriously... we came from underdog position... rose to strong market leadership... So I think eventually it is about our ability to serve our own users..." No mention of others adopting. They mention "industry standards" no. They mention "new entrants explicitly modeling themselves" no. They mention "conversation in market shifted" no. So answer NO. Need be careful: Is there any phrase like "the market is validating by imitation"? No. Management says "Our track record ... is proving the success of this model" but that's not others adopting. So NO.
| 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?