Hello Mark,

Is there a way to get a copy of this document. I think this is excellent tool for a quarter report.

Thanks,

Mark

From: "Mark Eckman via bivio.com" <user*24054700001@bivio.com>
Date: August 15, 2020 at 3:26:32 PM CDT
To: club_cafe@bivio.com
Subject: Re:  [club_cafe] Boring Stock Reports?
Reply-To: club_cafe@bivio.com



We use a quarterly reporting form that was developed at least 14 years ago by the Crow River club, and it works for us. We have it in a word processor format and it makes life easy and consistent across the entire club. Here's a sample, but adjust it to your needs.

Mark Eckman

Quarter Report   Company Name:      Visa (V)                    Quarter Ending:   6/30/2020 Stock Watcher:  MSE
1.    Quarter Results: What was the % change in sales and EPS over the same quarter last year? What was the % change in the metrics specific to this company.  Is the company meeting our expectations on the SSG?  If not why not? (The press release or 10Q will provide the % change and some of the metrics. The conference call should provide the rest.)	Sales             $4.8B     -17% Net Income    $2.4B     -24% EPS               $1.06     -23%   COVID related transaction volume changes volume drove the quarter Management has withdrawn all guidance
2.    Hot List Items: Hot List Items are positive or negative situations you are watching on this company. Other than Sales & EPS, did this quarter produce anything that would add, update or cause you to delete anything from your current hot list?  Are there any positive or negative situations brewing that could affect our return?	Payment volume dropped 10% Processed transactions dropped 13% Cross boarder volume dropped/ 47% (most profitable transactions)   "In the fiscal third quarter we saw spending improve each month as most countries began to relax domestic restrictions. In the U.S., as the quarter progressed, payments volume meaningfully improved, driven by the relaxing of shelter-in-place restrictions in a number of states. This helped to lift card present spending while eCommerce excluding travel spend remained consistently elevated, as consumers continued to shift their spend online. International markets are at various stages of reopening and recovery, with many large markets having a trajectory comparable to the U.S. Global processed transaction growth has slightly lagged payments volume growth, as the mix of spending shifted away from smaller purchases. Cross-border volume has improved only marginally through the quarter as travel has been heavily affected by most country borders remaining closed, partially offset by strong eCommerce spend excluding travel."
3.    Management/Analyst Guidance: Did management give any future guidance for sales or EPS on the conference call?  Is there any change in the guidance from Value Line, Yahoo or Morningstar from last quarter? (See Value Line Annual Rates box for sales & Earnings; see Yahoo's 1- and 5-year EPS growth estimates; and read the latest Morningstar analysis for changes.)	Morningstar - This suggests the impact should diminish significantly going forward, and that the long-term secular tailwinds that have driven Visa's growth historically remain in place... Cross-border volumes are highly tied to travel, and we believe a full bounce back in travel could hinge on the development and widespread availability of a vaccine. Value Line - Transaction volumes will suffer in the near term. During the fiscal third quarter, total dollar volumes in Europe, Latin America, Asia/Pacific, and the segment comprised of Central Europe, the Middle East, and Africa dropped 14.1%, 14.3%, 18.8%, and 13.8%, respectively, from a year ago. The United States and Canada only fared slightly better, with volumes down 6.5% and 12.5%, respectively, in the latest three-month stretch. Travel restrictions, and a shift away from smaller purchases, will weigh on transaction data for the time being.
4.    Changes to the SSG: Are there any changes to the company or industry that would cause us to change our judgments? (News alerts and the conference call should shed some light.) List any changes to the SSG that you would recommend to the club, and why.	Volumes are returning to normal levels, but moving from credit to debit. More emphasis on touchless payment options (tap to pay, Apple Pay, Google Pay, etc.) No short term changes. Wait until a vaccine is available impacting changes on cross boarder volumes .
5.    Relevant News: Did anything meaningful come from the conference call, earnings report, or analyst reports or news articles? (Use the back of this form for overflow.)	Mastercard has reported similar issues.
Overflow Notes: (Please number them based on sections on page one:   2. "We continue to focus on managing our business for the medium and long-term despite the challenges of the global pandemic. In the quarter, we were pleased to see strong growth in areas that are strategically important, including eCommerce, tap to pay, new flows and value-added services. We remain committed to our strategy and are thoughtfully investing to fuel Visa's future performance." - Alfred Kelly, Jr, CEO   From the Visa 3Q earnings presentation Error! Filename not specified.

 

On Sat, Aug 15, 2020 at 11:51 AM Liz Peterson via bivio.com <user*21401800001@bivio.com> wrote:

You know when you're listening to the stock reports during a club meeting and the reporter kind of drones on, and on, ... and on. It gets kind of hard to pay attention after 4 or 5 of those reports.

What do you think are the most important points to cover during a report? How do you talk about your stocks without sending all your members into a boredom coma?

What do you talk about most in a report about a stock you already hold, versus a potential new stock?

--

Mark Eckman

If you hover near the top of the form below, your pointer will change to a down pointing arrow. If you click it will highlight the entire form. You can then copy it and paste into MS-Word, or whatever word processor you use.

Hello Mark,

Is there a way to get a copy of this document.  I think this is excellent tool for a quarter report.

Thanks,

Mark

From: "Mark Eckman via bivio.com" <user*24054700001@bivio.com>
Date: August 15, 2020 at 3:26:32 PM CDT
To: club_cafe@bivio.com
Subject: Re:  [club_cafe] Boring Stock Reports?
Reply-To: club_cafe@bivio.com



We use a quarterly reporting form that was developed at least 14 years ago by the Crow River club, and it works for us. We have it in a word processor format and it makes life easy and consistent across the entire club. Here's a sample, but adjust it to your needs.

Mark Eckman

Quarter Report   Company Name:      Visa (V)                    Quarter Ending:   6/30/2020 Stock Watcher:  MSE
1.    Quarter Results: What was the % change in sales and EPS over the same quarter last year? What was the % change in the metrics specific to this company.  Is the company meeting our expectations on the SSG?  If not why not? (The press release or 10Q will provide the % change and some of the metrics. The conference call should provide the rest.)	Sales             $4.8B     -17% Net Income    $2.4B     -24% EPS               $1.06     -23%   COVID related transaction volume changes volume drove the quarter Management has withdrawn all guidance
2.    Hot List Items: Hot List Items are positive or negative situations you are watching on this company. Other than Sales & EPS, did this quarter produce anything that would add, update or cause you to delete anything from your current hot list?  Are there any positive or negative situations brewing that could affect our return?	Payment volume dropped 10% Processed transactions dropped 13% Cross boarder volume dropped/ 47% (most profitable transactions)   "In the fiscal third quarter we saw spending improve each month as most countries began to relax domestic restrictions. In the U.S., as the quarter progressed, payments volume meaningfully improved, driven by the relaxing of shelter-in-place restrictions in a number of states. This helped to lift card present spending while eCommerce excluding travel spend remained consistently elevated, as consumers continued to shift their spend online. International markets are at various stages of reopening and recovery, with many large markets having a trajectory comparable to the U.S. Global processed transaction growth has slightly lagged payments volume growth, as the mix of spending shifted away from smaller purchases. Cross-border volume has improved only marginally through the quarter as travel has been heavily affected by most country borders remaining closed, partially offset by strong eCommerce spend excluding travel."
3.    Management/Analyst Guidance: Did management give any future guidance for sales or EPS on the conference call?  Is there any change in the guidance from Value Line, Yahoo or Morningstar from last quarter? (See Value Line Annual Rates box for sales & Earnings; see Yahoo's 1- and 5-year EPS growth estimates; and read the latest Morningstar analysis for changes.)	Morningstar - This suggests the impact should diminish significantly going forward, and that the long-term secular tailwinds that have driven Visa's growth historically remain in place... Cross-border volumes are highly tied to travel, and we believe a full bounce back in travel could hinge on the development and widespread availability of a vaccine. Value Line - Transaction volumes will suffer in the near term. During the fiscal third quarter, total dollar volumes in Europe, Latin America, Asia/Pacific, and the segment comprised of Central Europe, the Middle East, and Africa dropped 14.1%, 14.3%, 18.8%, and 13.8%, respectively, from a year ago. The United States and Canada only fared slightly better, with volumes down 6.5% and 12.5%, respectively, in the latest three-month stretch. Travel restrictions, and a shift away from smaller purchases, will weigh on transaction data for the time being.
4.    Changes to the SSG: Are there any changes to the company or industry that would cause us to change our judgments? (News alerts and the conference call should shed some light.) List any changes to the SSG that you would recommend to the club, and why.	Volumes are returning to normal levels, but moving from credit to debit. More emphasis on touchless payment options (tap to pay, Apple Pay, Google Pay, etc.) No short term changes. Wait until a vaccine is available impacting changes on cross boarder volumes .
5.    Relevant News: Did anything meaningful come from the conference call, earnings report, or analyst reports or news articles? (Use the back of this form for overflow.)	Mastercard has reported similar issues.
Overflow Notes: (Please number them based on sections on page one:   2. "We continue to focus on managing our business for the medium and long-term despite the challenges of the global pandemic. In the quarter, we were pleased to see strong growth in areas that are strategically important, including eCommerce, tap to pay, new flows and value-added services. We remain committed to our strategy and are thoughtfully investing to fuel Visa's future performance." - Alfred Kelly, Jr, CEO   From the Visa 3Q earnings presentation Error! Filename not specified.

 

I had to hover my pointer on the top left corner, between the 2 outlines to get the down pointing arrow (using a PC) then did a ctrl +C to copy.

Jeri Morgan

Mutual Investors of Cheney (WA)

Charles,