Ensemble Third Quarter Earnings Commentary with The Transcript
The Transcript is a research service that scours corporate earnings call transcripts in search of critical insights that are applicable to the broader business community and economy. They also host a podcast in which they interview guests on the lessons to be learned from each earnings season. Ensemble’s CIO Sean Stannard-Stockton appeared on the most recent episode of The Transcript podcast to talk about what we learned during third quarter earnings.
In the podcast, Sean discusses:
- How investment research has changed since the pre-internet days from a focus on seeking out proprietary information in a world with low information distribution, to today’s high information world in which investors face a firehose of information and must create filters through which they can parse out the signal from the noise.
- An update on Netflix’s rebounding subscriber growth and the promising signs for their new advertising supported subscription tier.
- Why Ferrari isn’t a car company because it doesn’t sell transportation and yet why the most critical issue they must navigate is the transition from the internal combustion engine to electric vehicles.
- What Mastercard’s earnings commentary tells us about the broader economy.
Click on the episode link below to access the podcast.
For more information about positions owned by Ensemble Capital on behalf of clients as well as additional disclosure information related to this post, please CLICK HERE.
While we do not accept public comments on this blog for compliance reasons, we encourage readers to contact us with their thoughts.
Past performance is no guarantee of future results. All investments in securities carry risks, including the risk of losing one’s entire investment. The opinions expressed within this blog post are as of the date of publication and are provided for informational purposes only. Content will not be updated after publication and should not be considered current after the publication date. All opinions are subject to change without notice and due to changes in the market or economic conditions may not necessarily come to pass. Nothing contained herein should be construed as a comprehensive statement of the matters discussed, considered investment, financial, legal, or tax advice, or a recommendation to buy or sell any securities, and no investment decision should be made based solely on any information provided herein. Links to third party content are included for convenience only, we do not endorse, sponsor, or recommend any of the third parties or their websites and do not guarantee the adequacy of information contained within their websites. Please follow the link above for additional disclosure information.