Winning is getting easier: management describes the effort needed to land each new piece of business visibly falling, wi
The model's full reasoning — Q4 2017 call → NOWe need to determine if management conveys that it has recently become easier for the company to win business than it used to be, with real recent proof and still in effect. Let's scan the transcript for relevant statements. Key points: - Larry Renfro: "We again balance innovation investments in our businesses and strategic acquisitions with business simplification and focused cost management. The result is improved margin performance." Not about winning business. - "Our strategic relationships continued to advance as we became more deeply involved with an increasing number of sophisticated customers." That's about deepening relationships, not necessarily easier wins. - "The healthcare transformation alliance relationship is off to an excellent start with 10 companies selecting OptumRx, driven by their interest in quality, cost transparency and total cost management." That's a win, but no comparison to past difficulty. - "Finally, with the full implementation for Quest Diagnostic, completed their exceptional performance levels, we now manage more than $65 billion in annual billings on behalf of our diverse revenue management customers and the new client pipeline is vibrant." Again, no comparison. - "We doubled the number of people with Rally IDs in 2017, now more than 15 million, while administrating more than $400 million in consumer incentives. Market interest for this type of scale tested solution is growing." No comparison. - "We launched PreCheck MyScript... PreCheck MyScript has already being used by tens of thousands of prescribers for nearly 1.5 million transactions. We will offer it to all OptumRx members expecting to reach 80% of active prescribers by the end of 2019." No comparison. Steve Nelson: "We improved our positioning for 2018 and for the long-term. Together with Optum, we renewed early the AERP relationship, a key long-term positive for growth serving the senior’s community." Renewal, but no mention of ease. John Rex: "We delivered strong well-balanced performance again in 2017." Not about ease. David Wichmann: "We had an active December on the growth front. We wrapped up the fourth quarter serving the benefit needs of nearly one half million more consumers completing another successful sale season in individual group MA and dual special needs plans as we turn into 2018." That's about growth, not ease.
| 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.