Winning is getting easier: management describes the effort needed to land each new piece of business visibly falling, wi
The model's full reasoning — Q3 2018 call → NOWe need to determine if management conveys that it has recently become easier to win business than it used to be, with real recent proof and still in effect. The transcript shows management discussing competition, origination volumes, and market conditions. They mention that they are not chasing poor pricing, that competition is intense, and that they are seeing more competition. They also mention that they are bringing on new lenders and have new verticals, but they don't say that winning business has become easier. In fact, they say origination volumes are down and they are facing more competition. They talk about being disciplined and not following competitors down. There is no statement that it's easier to win business now than before. They mention that they have a strong platform and reputation, but they don't contrast with past difficulty. They also mention that they are focusing on expense management due to slower growth. So the answer is NO.
| 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+ |
| VRNS | Varonis Systems, Inc. | Q2 2016 | 2016-08-09 | B+ |
| ACCO | ACCO Brands Corporation | Q1 2016 | 2016-04-27 | B+ |
ACCO · Q1 2016 → YESThe question is: Does management convey that IT HAS RECENTLY BECOME EASIER FOR THE COMPANY TO WIN BUSINESS THAN IT USED TO BE, based on real recent wins, and still in effect. YES The transcript shows management conveying that winning business has become easier than in the company's recent past. Boris Elisman states that customers have seen the value of the company's strong brands during the past couple of seasons, resulting in broader and deeper penetration in mass retailers and continued share gains.
NICE · Q4 2023 → YESThe question is: Does management convey that IT HAS RECENTLY BECOME EASIER FOR THE COMPANY TO WIN BUSINESS THAN IT USED TO BE, grounded in real business won recently, and still in effect.
VRNS · Q2 2016 → YESThe question is whether management conveys that it has recently become easier for the company to win business than it used to be, grounded in real recent wins, and still in effect.