Earnings Conference Calls
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Earnings Conference Calls I have often felt I get really good perspectives about a company by listening to their quarterly earnings conference calls. This is something everyone can now do. You just sign up in the Investor Relations section at company websites. If you can't make it when the call is held live, they are often archived for some period of time so you can listen soon after. I've often felt that they are interesting, not only because of the business results being discussed, but also because of things like intonation. It is very interesting to hear who answers what and how carefully answers are put together. For example, in the most recent Apple call, though they wouldn't announce they were going to pay a dividend, they were certainly open to making statements like: We recognize that the cash is growing for all the right reasons and I would characterize our discussions today as active about what makes the most sense to do with the cash balance. If you listen to the way the CFO said it, it certainly seemed like some sort of concrete decision was getting close. Not that my evaluation was a scientific one, but I did get a pretty good feeling something was going to happen. Apparently, there are those who are putting science into analyzing the intonation of executives in conference calls. Here's an interesting NPR interview about a company which is doing that: Is That CEO Being Honest? Tone Of Voice May Tell A Lot Just think. We think micro trading is bad now. Perhaps someday, a computer will instantly analyze a conference call as it is happening and use the results to place trades instantly. In the meantime, I'd recommend you make a point of listening to the quarterly calls for the companies you've invested in. If you're just starting, make it a learning experience by committing to trying it for one of your investments. It helps you get to know a little bit more about the "Cast of Characters" who are running a business. You will find, if you listen quarter after quarter that you will look forward to getting the chance to be updated on what is going on and what they are thinking directly from them. Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe Laurie, Good morning. I never have time to listen to the live call. But you can find the archives on www.earnings.com as well as the company's website. Personally, I play computer cards while I'm listening to the front end stuff. Most of the numbers I'm interested in are in the press release and on the SSG.
However, when it comes to the discussion about drivers of future growth and the Q&A by analysts, I'm usually waiting with pen in hand. When analysts keep drilling management on the same subjects, something's up. Those are the things I pay more attention to, since it's what the analysts are worried about the most. The intonation you mentioned is much more useful if you listen to these guys on a regular basis. That way, you can tell from one quarter to the next if their hesitation is normal or abnormal. Listening to the calls is a good habit to get into.
If I miss a call, I simply go to www.seekingalpha.com for the transcript. They have most of them archived within days (if not hours) of the call. I like to copy and paste certain pieces of the call into my electronic journal for that holding. That way, I can go back and review bits and pieces of information from previous calls.
Happy Monday! Lynn Ostrem Crow River Investment Club
Hi, Does anyone know of a way to download and listen to conference calls on an ipod/mp3 player? Several companies I've tried recently no longer allow these recordings to be downloaded. Josh On Mon, Mar 26, 2012 at 9:18 AM, Lynn Ostrem <garbagecop@gmail.com> wrote:
earnings.com has them, but they do charge for them. On 4/23/12, Josh Martin <jgmart99@gmail.com> wrote: > Hi, > Does anyone know of a way to download and listen to conference calls on an > ipod/mp3 player? Several companies I've tried recently no longer allow > these recordings to be downloaded. > > Josh > > > > On Mon, Mar 26, 2012 at 9:18 AM, Lynn Ostrem <garbagecop@gmail.com> wrote: > >> Laurie, >> >> Good morning. I never have time to listen to the live call. But you can >> find the archives on www.earnings.com as well as the company's website. >> Personally, I play computer cards while I'm listening to the front end >> stuff. Most of the numbers I'm interested in are in the press release and >> on the SSG. >> >> However, when it comes to the discussion about drivers of future growth >> and the Q&A by analysts, I'm usually waiting with pen in hand. When >> analysts keep drilling management on the same subjects, something's up. >> Those are the things I pay more attention to, since it's what the analysts >> are worried about the most. The intonation you mentioned is much more >> useful if you listen to these guys on a regular basis. That way, you can >> tell from one quarter to the next if their hesitation is normal or >> abnormal. Listening to the calls is a good habit to get into. >> >> If I miss a call, I simply go to www.seekingalpha.com for the >> transcript. They have most of them archived within days (if not hours) of >> the call. I like to copy and paste certain pieces of the call into my >> electronic journal for that holding. That way, I can go back and review >> bits and pieces of information from previous calls. >> >> Happy Monday! >> >> Lynn Ostrem >> garbagecop@gmail.com >> Crow River Investment Club >> www.bivio.com/crowriver >> >> >> >> > If you want to read the conference calls, some are available on Seeking Alpha. Ruth On Mon, Apr 23, 2012 at 12:35 PM, Mark Eckman <mark2459@gmail.com> wrote: earnings.com has them, but they do charge for them. You can also read transcripts on the free part of Morningstar.com Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe |
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