CoStar's Obfuscation, and AI vulnerabilities

While I used to enjoy Andy Florance’s humor during CoStar’s earnings calls, I cannot say I relished listening to the 45-minute prepared remarks by Andy Florance and almost 90-minute earnings call yesterday. Perhaps the stock being flat for almost the last seven years is not helping me find humor at Florance’s typical jabs at competitors during the earnings call. What perhaps exacerbated it further is I suspect CoStar is likely setting up their disclosure in a way that may make it incrementally challenging to hold management accountable. I will expand on it behind the paywall.

In addition to “Daily Dose” (yes, DAILY) like this, MBI Deep Dives publishes one Deep Dive on a publicly listed company every month. You can find all the 66 Deep Dives here.