Position doing the winning: current wins credited to a standing already held, with more arriving over it
The model's full reasoning — Q3 2019 call → NOThe question asks whether management explains current wins as flowing from a standing the company already holds, and whether further business is arriving over that same standing. Looking at the transcript, management discusses the PlanGrid acquisition, BIM 360 strength, EBAs, and various product performance. The key question is whether they attribute current wins to a durable standing already in place versus effort-based causes. Let me examine what management says about why they're winning: 1. On PlanGrid acquisition - they describe it as expanding capabilities, but this is forward-looking, not current wins from a standing. 2. On BIM 360 - they mention "broad based strength" and "customers are deploying all modules" - but they attribute this to the new platform rollout and clean year-over-year compares, not to a pre-existing standing. 3. On EBAs - they mention growth but attribute it to execution and the EBA program itself. 4. On the M2S program - they describe conversion rates and the program being "designed to be sticky" - this is somewhat about a standing (the program design), but the wins are described as coming from the program mechanics, not from a pre-existing position. 5. On collections - they say collections "have moved faster than we had initially planned" and attribute this to "putting the right content in those collections" and simplifying - this is about product design, not a standing. 6. On the construction opportunity - they describe it as a "now opportunity" and mention the "perfect storm of technologies ready" - this is about market readiness, not a standing. The key test: does management credit an already-held standing as the operative cause of current wins, and does it convey further business is arriving over that same standing? Looking more carefully, there's a mention of the M2S program being "designed to be sticky" and having "very high renewal rates" - this suggests the program itself is a standing that produces renewals. But the question is about current wins (new business), not renewals. Also, on the BIM 360 platform, they say "That platform is now starting to get adoption in some of our largest customers" - this is about a new platform, not a pre-existing standing.
| 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+ |
| CHT | Chunghwa Telecom Co., Ltd. | Q4 2023 | 2024-01-30 | C |
| IMAX | IMAX Corporation | Q2 2023 | 2023-07-26 | B+ |
| SPIR | Spire Global, Inc. | Q1 2023 | 2023-05-10 | B |
| FTHM | Fathom Holdings, Inc. | Q1 2023 | 2023-05-10 | C |
| BXSL | Blackstone Secured Lending Fund | Q1 2023 | 2023-05-10 | A |
| POOL | Pool Corporation | Q4 2022 | 2023-02-16 | C+ |
| EXFY | Expensify, Inc. | Q2 2022 | 2022-08-12 | D |
| HLIO | Helios Technologies, Inc. | Q1 2022 | 2022-05-10 | C |
| BXP | Boston Properties, Inc. | Q1 2022 | 2022-05-03 | A |
| GFS | GLOBALFOUNDRIES Inc. | Q3 2021 | 2021-11-30 | A |
| WMB | The Williams Companies, Inc. | Q3 2021 | 2021-11-02 | B |
| PRIM | Primoris Services Corporation | Q2 2018 | 2018-08-11 | C+ |
| ORAN | Orange SA | Q2 2018 | 2018-07-26 | B |
| ROK | Rockwell Automation, Inc. | Q4 2017 | 2017-11-08 | C |
| MKTX | MarketAxess Holdings Inc. | Q3 2017 | 2017-10-25 | C+ |
| LEA | Lear Corporation | Q2 2017 | 2017-07-26 | B+ |
| HPP | Hudson Pacific Properties, Inc. | Q4 2015 | 2016-02-25 | C |
EXFY · Q2 2022 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and that more is arriving over that same standing without a new ...YES The transcript shows management crediting their pre-existing bottom-up adoption model and differentiated platform position (already in place since day one, with SMB focus and unique acquisition mechanics) as the operative cause of current wins. This is evident in statements like the model being "overwhelmingly driving the success of our business" and competitors routing customers to them due to the same standing. Further business is conveyed as already arriving through the same position, with trends continuing and the best quarter ever achieved on that foundation, even as they note additional investments in sales and conferences.
FTHM · Q1 2023 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and if more business is arriving over that same standing without...YES The transcript shows management crediting the company's pre-existing low-cost flat-fee model, owned technology, and culture-driven retention as the durable standing already in place that is generating current wins (market share gains, 18% agent growth, 60% of March referrals, and transaction resilience vs. peers). They describe these as flowing directly from that standing rather than fresh effort, while conveying continuation through the referral program's ongoing positive impact and the model's ability to draw more agents without proportional new marketing push.
ORAN · Q2 2018 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and that more is arriving over that same standing without a new ...YES The transcript shows management repeatedly tying current wins (net adds, ARPU growth, EBITDA expansion) directly to a pre-existing durable position: the #1 convergent operator status already achieved through prior leadership in fixed/mobile networks and fiber rollout, plus the installed base of 10.