Frontdoor Inc (NAS:FTDR)
$ 35.78 0.28 (0.79%) Market Cap: 2.78 Bil Enterprise Value: 2.99 Bil PE Ratio: 15.62 PB Ratio: 17.29 GF Score: 88/100

Frontdoor Inc at William Blair Growth Stock Conference Transcript

Jun 06, 2019 / 02:20PM GMT
Release Date Price: $40.06 (-1.18%)
Ralph Edward Schackart
William Blair & Company L.L.C., Research Division - Partner & Technology Analyst

All right. Why don't we go ahead and get started. Good morning. Thank you for attending our annual Growth Stock Conference. Hopefully, you like the new venue. I'm Ralph Schackart, Internet analyst at William Blair. Recognize a lot of familiar faces, so thanks again for attending.

Today, we have our newer addition to our coverage list called frontdoor. CEO Rex Tibbens is here to present for his inaugural conference. frontdoor was recently spun out of ServiceMaster, I think, end of March, and has a great cash flow-based business. It's a warranty business that Rex has a technology background that he'll fill you in, and they're trying to transition the business to more of a technology platform. Rex has had a lot of key hires that have moved to Memphis, Tennessee, from Apple and McKinsey and some other companies. And they're trying to transition the model to an Internet marketplace that serves a TAM of about $400 billion. So hopefully, Rex, you give us a few details on that.

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