completion
stringlengths 232
2.25k
| label
stringclasses 2
values |
|---|---|
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thank you.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah. I'm not really familiar with the details beyond semiconductors at this point. But I hope you're correct.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah, great question. We generally would continue to want to own and operate these wind projects. But we think about the ACE portfolio as a myriad of opportunities that we have in front of us. So we'll see a mix of these kind of projects and long-term ownership projects.
Naturally, we're positioning ourselves to provide that steady earnings to support our dividend. But naturally, when we work with customers and hear what they need, we want to tailor our solutions to meet the customer expectations. I don't know, Bob, any further thoughts on that?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
So the logistics cost and freight cost is a pressure point already in Q2 and it is reported into COGS. It is for the most part a phenomenon that we saw in North America, but it is not only limited to North America. Ocean freights are really on the rise everywhere and it is impossible pretty much to cover for a long period of time. And so we are facing pressure, particularly in that area. Obviously, given the fact that we have in the US a DSD system, which is a captive system, which is on these trucks, etcetera, We are somewhat more insulated than others, but it is definitely a pressure point. We called out in general inflation because there is more than logistics and freight. There is also some packaging cost that is high and in general commands and co-packers are rising costs with us. In terms of EPS, we have been guiding to a high-single digit that is off the base that has been restated. And there is a little bit of an upside, driven by the incremental revenue, but the most part of the upside is being reinvested back in the business. You might imagine, Rob, that as we might implement more pricing around the world and given also the high share that we are retaining, we want to enter 2022, A) with strong share momentum and B) with a level of profitability that is allowing us to continue to reinvest, and if we implement more pricing, obviously we need more support to our brands.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thank you.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Todd, if I could ask you to address that question.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I think structurally there is there is a chance you're going to see that core NIM dip into the 3s because the number of cited is one where if you assume away both the balances and the revenue from PPP. I think what more likely is that when PPP runs its course. The the earning assets are likely going to be there just redeployed into something other than PPP and that has the potential to dilute overall earning asset yields. But the mix will be a function of what we're able to produce on core loan growth. And then separately, where we ultimately redeploy any excess liquidity, so it will be a different the NIM might be if this come to pass the NIM will be lower, but it'd be a function of more structural implications, as in a lower level of run rate. Core loans to assets. That
Makes sense?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I think every month, as we come out of the challenges we've had, is a new learning for us. I think there's no question that in the winter demand markets, we got some outsized rate this year that we weren't expecting and that is probably not sustainable through the summer. Right? We know that the Scottsdale market has a very different rate profile in June, July, than it does in March and April. But I think from our perspective, as it relates to our portfolio, I think we're pretty confident that as occupancies increase, we're starting to be able to use a lot more or have a much greater ability to compress rate.
And so as hotels continue to pick up on occupancy and then the group I'm targeting is really kind of that more the bottom quartile of the portfolio that's running much lower occupancies, every 10 points those hotels increase, if we think we're going to see, as business travel comes back -- I mean, there's no question that we're seeing individual business travel increase as people -- as more and more people get vaccinated. So kind of as these people get back into the hotels, we're going to have a much better ability to move rate. So where that ends up, I think it's really hard to say. But that's, I think, some of the factors to think about that should see some softer rates in the summer than you saw in the spring in traditional beach resorts, but you'll see better rates than we saw in the winter months in more summer-oriented destinations and in your general kind of major market commercial-oriented preference.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
OK. You can hear me, thanks. Our thanks to management for taking my call, my question. So I'm just wondering, like, can we get more color in terms of the big growth in the smart education business in 2021? With business and economic recovery in fourth quarter in the education segment, so can management give us more color in terms of the growth prospect in education business in 2021? Thank you.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thanks, Dan.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
No.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes. It's in the tool and the quick answer is, yes. It's on the homepage of the websites that are on those stores now. But absolutely as a part of it, yes.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thanks, Matt, for that question. I will stay away from kind of breaking down that TAM. I don't think we have that level of precision in kind of estimating our opportunity going forward. What gives us confidence that we will get a portion of it in the September quarter, but really, this is a big tailwind for us going into fiscal '22, is our conversations with the OEMs, commitments from them on designs and really the supply improvements that we'll get at the end of the year.
And so those are the three kind of factors that play into our confidence as we go into fiscal '22.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes. It's all Gianluca [Indecipherable].[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I think you said 57% in the quarter, can you break that down to pieces of digital and in particular, delivery direct versus indirect in the marketplace, please?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thanks, Phil.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Well, they are decretive right now and will be through 2022, because of the reinvestment back into the business for growth. And so, if you think about '21 and '22, again, we would start to get closer to breakeven by the end of 2022. And then building in '23, and really is that year four or five, you would really start to see things that would be closer to a 30% kind of operating.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Dave, yes. So in Europe -- Mick, you probably have the numbers handy from Q3 into Q4. Again, Europe was up pretty strongly overall for us in Q4. Do you have that handy, Mick?[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah. Thanks for the question, Jessica, that we're happy to get those extra sales and there is more to come where as we've said many, many times our pipeline is busy, COVID related things have slowed down. I think in 2020, it was slow due to that and it was focused on their own operations and not particularly adding to their long-term contract in the portfolio but now we're seeing a few things free up those GBP9 million. Those are included by the way in the GBP17 million -- they're not included, I'm sorry, results say they are not included in the GBP17 million per year over the five-year period. And so, yes, I think Grant give a little bit of color on those pounds earlier, they fit what we want to see in our portfolio, the ratio, that mix between fixed price and market price have done delivery and so, I'd -- Yeah, Grant if you have something to add too.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Okay. the Illinois legislature? [Speech Overlap][/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thank you and good morning everyone. Scott, you were talking about epoxy margins moving toward 30% in the medium to long term. If margins are this high, I assume part of this equation is the price. How do you think competitors and industry, in general, would respond to this? What level of reinvestment economics are we in this position? And do you just see more capacity amount?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I would just say, we've had a strategic outlook that says the EU, the southern refineries and Europe will continue to be under pressure, largely driven by just changes in trade flows. And then you kind of add to that the ES&G goals of the companies, that they are going to continue to be under pressure. And then we also believe and continue to have a sort of an outlook that Latin American refineries are going to struggle to run a competitive utilization rates. And so that's just going to be an ongoing thing.
So to the extent that that's how the Atlantic Basin tries to sort of settle up in a sort of a post-COVID universe, we'll just see how it all works.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thank you.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Well, first of all, let me just say, I don't think there's anyone younger or fresher than this group of people here. We have more fun, I think, than anybody, and we're excited [Inaudible][/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Well, maybe I'll take that one. So the philosophies behind bitcoin and gold are undeniably similar. And there is a lot of crossover, an increasing crossover between client bases that are interested in bitcoin and gold. And some investors have been mixing the two together in their portfolio.
So we understand that. But the attributes of the two are, in the end, quite different. And we have not yet got ourselves comfortable or excited about signing on to a product that involves bitcoin despite our huge client base that might be interested in it. And the reason is, we've just got too much to do in our own markets still.
And I think that our commitment has been to be behind and to be a first mover and to hopefully make a big splash as gold becomes digital. Because gold is going to go on the blockchain, and we have some investments there. And when it really rolls out, it's going to be a huge thing for the gold market. So that's really our bet for now.
And there's no reason why gold can't inherit the technological benefits of bitcoin and yet serve as a much more stable and regulated market without the risk that bitcoin has currently.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah, correct. I mean, we certainly have some raw materials that have came from Asia. A good portion of what we are doing is domestic sourcing, but it doesn't mean there wouldn't be bottleneck somewhere. We've experienced delays at the ports, particularly in the West Coast where the freighters have stacked up that seemed to relieve some. We're seeing freight essentially double of what it was a year ago as people are fighting to get on the vessels and get their goods moved. But we tried -- we've tried to take a position of getting ahead of that so that we wouldn't get held up. And again we're meeting, I mean, formally every month walking through any SKU where we see some particular upsides and making decisions as how much more safety stock we might want to build versus what's realistic and what's not. And of course, it's a balancing act. We don't want to build inventory and have it sitting around. But on products that are 60% plus margin, those were -- they were more inclined to make sure that we don't run out, particularly those products where we're the sole supplier of those particular active ingredients.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thanks, Jeff.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Okay. Thanks. Yes. Hi, Dave. Yes, congratulations. Great to chat again. I guess, one of the big questions for us and I think investors generally is, as you look forward and you look at some of the cloud communications, industry leaders and growth rates, I think we're just trying to understand what some of the challenges are that you face to kind of close that gap with some of the industry growth leaders versus some of the advantages you might, in fact, have over some of the other leaders.
And I know you spoke to the strength you're seeing in the channel. I think even some homegrown survey work kind of validates that. So how do you think about that? I mean what are the big challenges? What are the advantages? And what helps you kind of close that gap over the next couple of years?[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah, I think it will be a bit too early to give specifics about exact sizes, but clearly, we're talking about something else than the EUR25 million that we were talking with OncoArendi last year. That's what I would call the smaller deals that we would continue to be interested in, to look at, to refresh our earlier pipeline. But the BD we're talking about here is clearly of larger scale and we'll take that on as our analysis and evaluations progress.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
And of course -- Yeah, that's an estimate based on what we know right now.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Okay. Thanks, Jason. What we said is again, we're not giving guidance at this point, but the 6.2 as a floor, we are highly, highly confident, and because we know all the levers that we can have. We know the robustness of our business and our EBITDA leverage. Free cash flow, high confidence again, because we clearly see the growth coming driven by EBITDA and lower one-time cost. On revenue, we got a good understanding of the base erosion that we have in the business. We have a good understanding of the new pipeline revenue we can bring, but if you look at quarter-on-quarter or even year-on-year, it can be a bit choppy, because of things like COVID for example or because of URP China timing, if that gets further delayed that would change a little bit how '21 over '22 develop. So we'll give you an updates throughout the year on revenue, and again look for more long-term guidance toward the end of the year on that.
Now, on the question of Thrombosis business, we can break those out, I'll ask Rajiv maybe to break out the number of the pipeline. The one thing I do want to highlight though is the Thrombosis business was always part of the number we gave you for the pipeline. So that's in line with expectations. And I think the important thing that I would like to highlight for this quarter is that we are growing that business on a like-to-like basis. So that's how we-that's I think shows the strength of what we can bring to business like this and we take over. Rajiv?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
You bet.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I mean when we said stable, we -- yeah, we expect COGS to be flat on a rate basis compared to 2020 and 2021.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thank you very much again for your time today and the attention this morning. We hope you will have a pleasant day, and we look forward to speaking with you again very soon.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes. Hi, Kevin, this is Damian. Usually we keep very active conversations with a lot of potential targets and partners. Obviously, we remain prudent in terms of prices and aggressiveness those who are willing to pay. But conversations keep intensifying and as we usually say when we have concrete yields, we will share them with you. As we have already said, inorganic acquisition is a key component of the company's strategy, but as we proved in the past, we remain very prudent on what that are going to validate that price.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Great. Thanks very much. Chad, the upside in the quarter wasn't as robust as we've come to expect with you guys. Was there any sort of one or two items in the quarter that maybe weren't as strong? W-2s maybe a bit below original expectations or anything along those lines?[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Right. So nice thing is with the outlook we gave for second quarter year-over-year that's a nice improvement. So that's going to continue. And that was part of our outlook is for growing EBITDA that's certainly going to help. I mentioned similar leverage levels next year to this year, which would imply higher debt level on higher EBITDA, but, yes, that's -- we're certainly now at a point where growing EBITDA is going to certainly help in terms of availability.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I think that's probably a fair observation that there -- it is a more strategic decision, and there may be some impact to sales cycles because you're seeing it as a more strategic procurement from the customers. Hopefully, that also results in -- the early indication is this resulting in significantly larger transactions and probably stickier relationships with the customer. From our perspective, EP is beyond just, hey, there's an enterprise licensing component to it. It really is a platform-based sale and aligning our capabilities across the platform with our customers' desire for increased visibility and increased understanding of cyber risk.
So again, we're no longer focused on this web application scanner versus that web application scanner. It's really being able to bring together an understanding of web app scanning and container security and cloud security and other IT asset visibility and understanding what the correlation is between those and how those translate into enterprise risk. So as cyber risk becomes a more strategic conversation between the CISO and the Board, we think this platform-based approach is critical. And the sales team has gravitated toward it and embraced it and I think in part because customers understand it and seem to be embracing this concept as well.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thank you. Congratulations, fantastic quarter. Happy to see that. Last year was tough at times. So I have a -- some of my questions have been answered, but just two questions. One, just to understand the main drivers of your purchase of naphtha, whether it's imported or from the local market, Petrobras. It sounds like prices are roughly equal, but you get better financing terms internationally.
So that obviously will help your working capital and cash flow and so forth or maybe there are pricing differentials that you discussed? And then the second is just on the comments that you made regarding what some of the rating agencies we're looking for. One was the place in the cycle and talking about potential new capacity and overcapacity in the industry coming online. Maybe you could talk about where we are now with China supply or from other locations, although I think China was then the big worry, a number of the agencies and what you see there right now? Thank you.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thank you.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
We're going to help really simplify this for folks so they can understand kind of just like the bond math we went through, which is it's a very long-term flow of cash over a 99-year period, but it's a relatively simple thing to see what the net present value of that is today. We think this is not that much different. We just have to help people see given our scale, now given our diversity, given our growth rates, how to put that into a simple equation and say, what is something like that worth in the world? And we think there are a number of comparable things that people value every day, and this is an extraordinarily high-quality portfolio of institutional real estate in top markets with great sponsorship. All the tools to value it do exist. I think we just have to help people kind of sit down and show them the inputs and show them why those inputs are relatively straightforward and what the output is from that.
We certainly believe when we got the scale, that this is something that we'd be able to sit down with you and others and share with them, but it hasn't really made sense until we got the scale until we proved out our growth rates. Till it look like a big diversified pool of high-quality real estate around the country, now we think we can start doing that. And it won't happen overnight, and we're not going to force the issue. We know every quarter, and we track the value creation taking place. And we think we've done it long enough now that we can sit with folks and really share with them why we think there's another big leg in the value story building at Safehold.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Just maybe a quick follow up. So, as you guys look to maybe a 17 city footprint, is the 50 MSA target that you laid out around the IPO still viable or are you guys kind of looking at existing footprints and thinking that it might be more attractive to try to grow penetration within sort of -- yeah, within the existing markets?[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah. Sure. Well, I mean, I think the first part of the question is everyone in China take more notice, start from the central government downwards. Our largest customers look to us and expect us to help them solve the problem, the challenge, of how to reduce their carbon footprint. Probably the biggest component of it is where does the power come from? Meaning what fuel is used in the power generation. It doesn't necessarily go with individual projects. For example, in a region, like within Shanghai, for example, we can purchase green power through the power trading market. That's one of the ways in which we reach the level of green power that we mentioned, over 20% of our total consumption. That's not location specific.
On the other hand, there are some locations where specifically there is green power because for example, the location may be on the same grid as where there is large amount of wind power generation, even though there could be quite a few hundred kilometers apart, it could just be that they are on the same power grid. We will come out with targets. I think rather than talk specifically about which project has what, I think the way to look at it is in the aggregate. We will have to be innovative and take a number of different approaches, which we're working on all now at the same time. Whatever targets we set will be very serious ones. We take this very seriously; it's absolutely critical to our business. William, do you want to answer the second part of James's question about...[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thank you, operator. The Oyster Point team has continued to build our commercial capabilities in a strategic fashion, including plans for a competitively sized ophthalmic sales force to launch OC-01 Nasal Spray in the fourth quarter of 2021, if approved. As there are a few companies in the ophthalmology space with a dedicated ocular surface disease-focused sales force, we see this as an important step in the evolution and capabilities of this company. In addition, we have continued to bolster our R&D and clinical development capabilities, as well as to strengthen our manufacturing team.
We are driven to build Oyster Point into a world-class ophthalmology company. In closing, I'd like to thank everybody for joining us today. And I hope that you and your families are staying safe and healthy.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Hi, everyone.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thanks for the question, Brian. And those that don't understand the insurance market, when we talk about a hardening of the market, a hard market means that carriers are increasing their prices or, we say, taking more rate because they're trying to improve the profitability based on their loss history. And we're seeing that as a trend today broadly across the market. Back to your question around what we are seeing is it's a good time for Duck Creek.
The carriers are taking rates up. When they're doing it, the carriers that are having more success are those that are more surgical in their rate taking. They're doing more analysis around what aspects of their book of business do they need to raise rates on. So instead of taking a blank 5% increase in premium, they will get much more surgical and perhaps take a 15% rate increase for a small segment of the book, maybe leave another segment of the book with a 0% increase, and then maybe a 5% increase in other segments.
And when they want to be more surgical with their strategies, they want better access to data, they want a platform that allows them to make these rate changes with more velocity to test them, deploy them out to production. And we give them a means to do that. And I think that is one reason why it is so popular now for these mid-market commercial insurers that are looking at this hard market and they know that they need to modernize their platform to be more successful moving forward. So we're engaged in some very thoughtful conversations with them to give them more agility as they're thinking about how they're going to work their way through this hard market.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thanks, Scott.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah. Hey, good morning. Just wanted to clarify some of the last couple of questions, and then if I could, a follow-up on tubular. So regarding the outlook, sorry if I misunderstood you, but I think you said flat volumes for the U.S. flat-rolled division. And I just wanted to make sure I assume that's without Big River.
And also given that Gary -- the final Gary furnace was ramped up. Did I hear that wrong? And when that happens also back to your slides, the first slide deck, slide 15, that contact versus spot mix, that will change substantially with Big River, right, to more spot. If you have what that might look like, it would be great.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Well, I think as you scale the business, is how you secure the labor. I mean, the largest builders have access to the best labor pools in those markets. So we always talk about being a top-five builder in each market, and that gives you access to better land, better trades, capacity, etc. So that's our focus, right.
And as we grown to a top-five builder in many of our markets, I think we're seeing that, which is why we feel really comfortable about our ability to grow our capacity. In our new markets that we're in like, we entered Charleston, it's going to be little more challenging. And we're on the bottom of the pecking order. We got to earn the way up. That's why we try to go as fast as we can. But it's all about market share. There's a reason the big guys got the access to the best labor pools.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah. Well, on the wage side of it, as you know, we run a full-service model in our stores. And those stripers are a strategic, competitive advantage. They -- well, I just can't say enough about that team and our customer really values the experience with those associates. So, of course, we want to make sure that we pay competitively, and we do. And certainly, as there's conversation about minimum wages increasing over the coming years, that will impact our wages. But we remain very focused on how we navigate that productively, that this has been an ongoing dynamic. And so the things that we have done to enable our sales associates to be more efficient so that the hours are focused on their time with a customer are very helpful to navigating the wage outlook. We are equipping them with technology so that it's more efficient as they're servicing that customer, and we are doing everything we can to make their non-selling hours more efficient. And so these are the things that we think will allow us to navigate that change in wages as we look forward. We believe that there are still things that we can do there.
On the freight front, I don't know that we see that dynamic changing much in the near term. Certainly, lots of folks still shipping everything everywhere and that puts pressure on that element. As that -- can we look in a crystal ball and see a point where that normalizes and that's less of a headwind? No. It's anybody's call.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Paydown is certainly something that we're challenged with as is everybody in the industry, and those are a little bit harder to predict. Your question, are we setting the bar low? I think we're being reasonable. But to your point, we have a lot of things working in our direction, whether it's the unfunded piece or the C&I utilization or the builder group or the new hires. We have a lot of great momentum. And I mean it. During the pandemic our folks came into the office, they were calling on people. We worked through the pandemic. So yes, I think those are very attainable numbers that I threw out.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
No, no worries. We didn't make any reference to it on the script. But that was a good question.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Drew?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
We've got the numbers, I mean, I think overall, Andrew, we would expect it would not be -- our totals would not be as significant as the first round. As a reminder, we did about $120 million in the first round. I think so far we received about $27 million of applications. And about maybe 11% or 12% of those are first draw request. In other words, customers that didn't participate back in the spring. And then the rest are customers that did participate in the spring.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes, hi. Good morning guys and thanks for all the color. My first question was related to your comments previously regarding how you're looking at clean energy investments. I think you referred that you're going to hold those projects to same kind of economic returns.
Now most of the recent projects you did on NGL pipelines, etc., were more like 4 to 5x EBITDA multiples. So I was just curious, when you think about these new investments, risk versus reward, how should we be kind of thinking about any incremental investments in that area, especially if you look at CCS and all those kind of technologies?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
It's so hard to say. And that's why I was referencing before when I look at share gain or loss, I never look at and spend too much time on a specific quarter, even when things are typical. But in these crazy times, so many things can impact your performance versus the market. So again, I try not to get too worked up about any given quarter. It could be. I mean the fact is share right now in a specific part of the country for instance, can be meaningful to whether you do better or worse than the competition because that particular state or county could be challenged by COVID more than others. So there's always those things that could impact a specific quarter. That's why when I look at over a four quarter period of time, that usually eliminates those hotspots.
And that's why I feel more confident and more comfortable with more of that trend, which -- through that trend basically eliminates the noise, I'm going to put air quotes around the "noise" of a specific quarter. That's why I still feel confident that we're in good shape that we have all these shots on goal that we should continue to take share. But hey, I'm disappointed. I look at the quarter, I don't really care what the reason is. I want to win every single quarter and this one we didn't. But again, I'll look more at the trend and take more from that on the prediction of share taking in the future. And I would just say in a nutshell, I believe that we're going to be net share takers.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Great. Thank you. Just want to clarify really quick. In terms of the 3% expense growth, is the base that you're looking at the full $849 million from last year? I know there's some onetime items in results late last year. So just that one.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Hi guys. Hopefully, I'll do it well.best wishes to Larry, and congratulations to I imagine they're listening. I want to start on specialty sports guys. Can you speak about the backlog and the runway of visibility that, that provides you? Do you currently have visibility well into the second half of the year in that bike business? And then I'm curious, you flagged OEM challenges related to perhaps other suppliers, are there specific issues that you're seeing right now that are impeding that backlog in the bike business? Or is that more just a call out of something that could happen?[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Generally, yeah. So to put a finer point on that and without getting into specifics because it's not appropriate at this point for us to do so. There is an implicit assumption in there that we will be exiting certain of our operations over this timeframe. But as you can probably tell because I didn't note it in the bridge, we don't expect that to frankly have a material impact on EBITDA and cash flow, particularly when you factor in additional overhead reductions that would come in connection with that. But it certainly doesn't assume anything materially from a transaction standpoint, from the strategic review whether it be a sale or an acquisition.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
We don't have a specific allocation between growth through acquisition or through development. The properties that we own today, there is a number of them that have excess land where we could expand existing facilities, but it's -- they are triple net leased properties. So, the tenant needs to want to expand, we can't just go and build or expand on their buildings without their desire. So, it depends on the growth of their business and other locations that they may have, so it's hard to talk to predict.
We do have some opportunities -- other opportunities within the RMR Group of companies where there is some vacant land where we may in the future acquire land from other entities and just develop properties ground up, but that's not going to be a material component of our growth going forward. So, I think development growth for us in the near term is it's going to be sort of a peripheral portion of the growth. It's primarily going to be through acquisitions. Over time, we'd like to make it more toward development, if cap rates are going to remain as competitive as they are today.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah. The first one is going to be probably the longest cycle of launch to in-service because we've got -- this is a very, very complicated overall system, and we've got to go through pretty thorough testing. We'll launch with a minimum amount of subs for a while and test. But it will be several months before we have a real full launch of -- on that satellite after it gets in orbit.
We have -- we expect a pretty short-cycle time to get it in orbit after we launch versus what we had last time, very short. So in the order of a quarter of -- 30 days-type thing before we're ready to go. So that helps that overall period. So we'll be launched and in service faster than we were launched on orbit last time.
That's what we expect. And then the second, yes, it's in the order of five or six months behind the first one. That's what we're expecting. The third one, maybe a little closer than it was before behind the second one.
Mark, do you want to chime in there at all?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Morning Brent.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
So let's see. Your question is how will New York benefit from the boom, and then, what's going on with the mayoral races? Is that correct?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah. I would say we have learned a lot about each other and what we found is what we learned early in the due diligence that the culture and work ethic and commitment of the home office team to the store associates and the store associate and team members to the customers it's just truly exceptional. They go about it, the QuickChek goes about it in a different way in terms of the fresh food offer as its distinctive portion of its brand relative to how the Murphy team goes about it. But the stories of district leaders, renting trucks, going to produce suppliers, and making sure stores had what they needed to make sandwiches it's frankly no different than our district managers at Murphy instead of doing their walk for excellent scorecard is helping the store associates onload deliveries, take out the trash, clean the pumps, do whatever it takes.
And so I think this is where M&A can be difficult for firms or it can just be really fulfilling and rewarding if you find a partner in that process that has the same culture and work ethics and fundamental beliefs about what it takes to be successful and excellent in this business, then you can be open and collaborate and move the business forward. So what I would say is what we learned most is that we're more similar than different in our commitment, and that has just opened the pathway to about a 100 ideas that I referenced that the integration team has identified. And you know, a quarter of those were already in the bag, as quick wins, or near-term things that we could just get on with. Some of them are going to be more difficult like how we think about integrating accounting systems and alike, but it's a highly collaborative appreciative environment.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes. It includes -- it is the strip. As I said, it's about a $10 backwardation. So it's strip as a few days ago. The strip today is obviously higher. It does include increasing the base dividend roughly 2% to 3% per year on the base dividend, and includes our 50% payout next year and 75% after that. And growing oil 5% per year.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I think that was -- we keep thinking about this. We are going to continue rigorously focus on providing the industry's highest gross margins and we do that. And we expect to continue doing that. So it's kind of a -- pretty happy with the margins being industry-leading.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Paul, thanks again for joining us this morning. Why don't we let John Mulligan talk about some of the progress we've made from the same-day fulfillment standpoint?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Sure, Peter. Thank you for the question. We took this pricing in early March. And of course, we continue to learn more every week regarding commodity pressures.
And we took the pricing on selected SKUs. And as you stated and we covered, it's worth about $20 million. Our unique model, Peter, gives us a range of options as we manage for total operating margin in our business. And clearly, we have additional -- we certainly have additional pricing actions available to us and we can be quite fluid between our selling process, discounts, financing and attach.
That gives us the ability to trade up the line based on our adjustments or make short-term, real-time adjustments in discounting and financing. We love our competitive positioning right now. We have such a strong value equation compared to anyone across the board and love the units and the acquisition we're driving. We have a lot of year in front of us.
And while the $20 million, with the newer information on commodity cost, gets us close but not quite all the way, we have so many levers to be able to pull that are yet in front of us. And again, we're going to focus on total operating margin. You can see the strong progress we've already made here in the first quarter, and that certainly led us to raising our guidance to at least $6.50 for the full year.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Doing good.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah, I got it, Tom. Look, we were thinking how many times we've said the words prudent and flexibility this morning. Maybe we're overdoing it a little bit. But, look, we're still in a global pandemic, you see where rates are, we're very proud of this franchise, and we want to protect it. We're thrilled with the situation we find ourselves in with distributors and we want to make sure that they're comfortable, etc. But your point is well taken. Over time -- I would answer this question kind of the same way that Ed just answered your RBC question. Over time, we would expect that number to come down.
Now, I really like the flexibility that $1.7 billion allows you, but over time, I'd like that -- to return that to shareholders. And when you think about what we've done so far with respect to buybacks, that obviously is a little bit of a roadmap with respect to what we do in the future. I'm certainly not going to announce any new targets or anything today, but over time, I would expect that number to come down.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah, this is Brett. First, as we noted, there has been a dramatic increase in our asset-based lending in factoring, which if you think about as the economy ramps up that makes a lot of sense because that's the need in the pool [Phonetic] for working capital. We had situations back a year ago where balances were dropping to half of available lines. Now, the balances are coming back up to 85%, 90% of available lines, which is more abnormal. So, seeing a lot of growth there. We've had new deal pipelines coming in there as well. Some of the term deals, we're still doing those. The rates obviously are lower. And so, it's highly competitive but we're having good flows there. So, I would say it's strong in some areas and moderate in others.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Sure. So we filed our 8-K with the details of the lease in it, but roughly the $7 million annual lease expense. So I think when you look at the segment retail results going forward, the annual result will be about $7 million lower. However, if you looked at it on a corporate level, in aggregate, our interest and amortization related to the retail loans was about $3.5 million. So net, it's really an increase of about a $3.5 million outflow for us at a -- on a consolidated basis.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Well, in response to the quarter-over-quarter increase in G&A, in this quarter, we did accrue approximately $2 million for cash benefits, cash bonuses, which would be paid out over the course of next year. Of course, major part of our accounting requires us to accrue even the bonus list for myself, Jim and Mike, even though they are at this point now deferred until such time as the payments would be deferred until such time as we would have the MRTP in place. The other piece that was included in there was about $500,000 through the year of additional costs that we had pertaining to readiness for VLN. This included some development of our advertising and commercial areas and this advertising commercial strategies that we would have in there as well as some consulting costs and bringing on consultants to help us with the marketing efforts.
Anticipate that ex that amount, the balance would probably continue as we go forward at the rate of what we had booked in the past year. Although with timing, of course, it gets to where the bonuses are accrued at year-end. And so that's where you see the large lift in the fourth quarter.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
You bet. Thanks.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
So, Dan, thanks for the question and the jets not the best of years. But at least, we were focused on lot of things that Thermo Fisher, so I didn't suffer the pain too much. So, when I think about vaccines and therapies, because as you know, kind of our philosophy, which is articulate the numbers and the outlook on what you can see and don't create a lot of hype around things. So when we started out some months ago, we talked about $1 billion opportunity in total, right? That was contracted revenue that we saw. Obviously, as the pandemic continued, as our position continued, as we won more and more parts of the business, even what we committed to, if at all went to zero at the end of this upcoming year, it would be $1.5 billion because we did $0.5 billion last year, $1 billion this year. And based on what we see with the pandemic and what our customers are telling us, we would expect demand for COVID-19 therapies and vaccines to be very substantial in '22, and likely to have some level of revenue going into '23 and maybe even longer. So, it's going to be a large contribution based on the strength of our BioProduction business and our Pharma Services capabilities. So, thank you for the question.
Let me wrap here with a few things. First, as all of our analysts expressed and on behalf of all 80,000 colleagues, Ken, thank you for a job incredibly well done, and wishing you the happiest of retirement.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
[Foreign language][/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes. Thanks, Mike.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I got it, sorry. It's roughly 4%. I got to do maths really quick.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I do think those margins achieved on the Parts & Consumables are sustainable. And it's -- the increase really has been driven by price increases and product mix within the Parts & Consumables revenue stream.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Sure. So first of all, we are in eSports. We're one of the top gaming accessory providers. In fact, across the console and PC landscape, we are the top-selling keyboard, headset, mouse provider in the United States.
So we are in eSports. We've been partnering with teams for years selectively. And so we're in it. We're in it today.
We don't position the business as some others do as this is just all eSports because, in reality, gaming is not just eSports. Gaming is entertainment. It's competition, eSports, right, bigger audiences than any other sport now other than the NFL. And it is socializing.
And we, in our view, all three of those trends are what drive the gaming market, not just the eSports piece.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes. So, you know, we -- like I said in our prepared remarks, no indication of shelf space gains at this point. But we remain hopeful, and, you know, I believe we have a track record of getting shelf space gains each year. We just haven't baked that into our guidance because we usually will do that once we do have confirmation of such gains.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I heard comps, will give you -- it -- it will be easier.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Look, I think it does go a little bit into next calendar year, if you're talking calendar, just to keep it clean. But, yes, I think it probably will drift out a little bit. But as you saw this year -- this quarter, with just over $9 million of the revenue, it's starting to accelerate. So I think materially, the next couple of quarters then maybe less material after that.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Appreciate it.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes. Good morning guys. Kevin, I think this one's for you. I wanted to touch based on what you mentioned it was in guidance. It sounds like you're assuming 2% credit loss in your initial guide. Is that -- I guess I'm trying to think about how to think about that. Is that assuming 100% occupancy, so where you are right now at 98.5%, it just kind of assumes another 50 basis points down? Or potentially down to like 96.5%?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Good morning, Bryce.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah. We are right in the middle of a rate case as you just indicated and the multi-year aspect is an important piece of that. Mardi, do you want to -- I think you're on the line, do you want to say anything about the multi-year aspects of the plans?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Hey, good afternoon, guys. When you look at the reduction in dealer partner productivity, is it -- would you categorize it more as lower foot traffic in CACC dealer partners, or is it stable foot traffic, or even higher foot traffic but more loans going to other lenders that might also you have relationships with those dealers?[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Thank you.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Hi thanks good morning. On your wind project you announced with TransAlta. I'm just curious, how do you weigh or consider the relative difference between building to win yourself versus getting somebody else to do it? Because if you've done some of the co-gen of that in-house. So just curious how you look at that relative difference?[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
You're welcome, Doug.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah. I think we're still looking, as I mentioned last quarter. I don't think it's changed. I think we're looking at the end of the year as kind of the inflection point as far as when we'll bottom out on NIM.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Hi, Meta. Thanks for the question. This is Giovanni.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yeah.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes. So most of our wind generation takes place in the eastern part of our state, Eastern Washington and then even farther east than that. They have regular and ongoing cold winters. And we design our system to be able to withstand a fair amount of ice on the wind side. On the -- in our service territory, we have seen unprecedented levels of ice that have caused a significant damage to the distribution system. But yes, because normal cold weather is normal for our wind facilities, we have built them differently than they have in Texas.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Sure. There are significant properties with Brookfield, with Seritage, with Washington Prime, etc. But we also have a robust pipeline with other -- with one-off deals in other portfolios, and a significant mix of non-restaurant as well, so making a ton of progress. We don't give specific pipeline numbers. But as I said, we've been quite busy and making a lot of progress. And it's very granular actually at this point, lots of individual transactions, so that gives us some comfort that we're not resting on a single transaction.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Hi. Good evening. Nice job on the quarter. Just really quick on the core golf business.
You mentioned all of the port and freight issues going on and does look like inventory is pretty lean. So I'm just curious how you feel about inventory in that segment, and do you feel like you missed, even though sales were obviously very strong, do you feel like you missed any sales in the quarter? Or should we see that more spread out throughout the year because of the freight and port issues?[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
I mean, I think you started -- I think you first start with especially as we sit here today, and I think even for a little bit of the foreseeable future, which is our length of stay, which is longer. So where our length of stay is kind of four to five nights on average in our extended stay hotel, it's most likely half of that at something else. And therefore, you're going to be cleaning a room every two nights at least instead of every four nights. So we can manage to clean the rooms as they turn with essentially, just on a housekeeping perspective, half the labor. I think, just to put it simply. So that at least mitigates some of the concerns and problems we're seeing with hiring the right people, that I think other owners who have different types of hotels that are more one-two night average day or weekend days are going to be posed with the problems of cleaning rooms and flip them.[/INST]
Direction (UP or DOWN): DOWN | DOWN |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Good, hey Marty.[/INST]
Direction (UP or DOWN): UP | UP |
[INST] <<SYS>>You are a financial analyst, predicting which direction the stock price will go following this answer from the Q/A section of an earnings call. Respond with UP or DOWN<</SYS>>
Yes. We're working on a relaunch of our mobile app. That said, mobile is already 50% of our e-Commerce sales and the plans we have right now are to fully integrate both the store experience and the ScoreCard experience into the online shoppers experience and in particular, with making the mobile app the hub of the ScoreCard users, the ScoreCard members entire Dick's experience. More to come [Speech Overlap] Yeah.[/INST]
Direction (UP or DOWN): DOWN | DOWN |