Probably not many investors take to reading transcripts of conference calls after a company release their results. However, I urge investors to read or listen in to a few of these conference calls because there are a few things you can learn from these transcripts or conference calls.
Conference calls lets the investors know what are some of the common questions asked by analyst to the managers of the company. Through these calls or transcripts, you would be able to identify what matters to an analyst. It also allows you to see the differences between what you are looking for and what most analyst are looking for.
With that you would be able to form a better set of KPI to measure this company against their competitors and also what are the red flags to look out for.
This week I was looking through Telefonica, the third largest telecom company ......