Doing it our way now: the approach this company pioneered is becoming the market's way
The model's full reasoning — Q4 2017 call → NOWe need answer YES/NO based on transcript. Question: Does management describe that the way this company does things is now being adopted/copied/moved toward by others in its market? Need find if management says others following their lead, validating. Transcript: They discuss their discipline, thematic sourcing, etc. They mention competitive headwinds, tighter spreads, higher leverage, lower covenant quality in middle market. They say they attribute results to discipline. They don't explicitly say others are adopting their approach. They mention "we believe in betting downside protection features... critical in today's late cycle environment" but not that others are copying. They mention "private debt fundraising completed most successful year... competition from both existent market participants and larger players had a down market drove strong demand" - that's market trend, not copying. They mention "we've elected to voluntarily waive fees related to TCAP" etc. No mention of others adopting their model. They talk about their own approach but not that market is following. So answer 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?