Wolfpack Research · research-note
GTT Communications, Inc. (GTT)
33 pages · 3 arc beats · 2 loops
GTT Communications, Inc. (GTT)
Wolfpack Research · 2019-06 arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
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Deck intelligence map
3 coverage by narrative range · generated from this deck JSON
Narrative range 30 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
The Monster 17 slides 100% 17/17 slides 100% 17/17 slides · 143 hits — 0/17 slides
— 0/17 slides
94.1% 16/17 slides 100% 17/17 slides 88.2% 15/17 slides The Struggle 8 slides 100% 8/8 slides 100% 8/8 slides · 46 hits — 0/8 slides
62.5% 5/8 slides 25% 2/8 slides 100% 8/8 slides — 0/8 slides
The Victory 5 slides 100% 5/5 slides 100% 5/5 slides · 15 hits — 0/5 slides
60% 3/5 slides — 0/5 slides
100% 5/5 slides — 0/5 slides
Slide inventory
33 every slide · same image gating as the playbook
02
This is a research note page detailing financial irregularities.expose_contradiction
03
This page appears to be part of a short-seller research report, highlighting financial red flags.diagnose_problem
04
The slide highlights a discrepancy between reported revenue growth and calculated organic revenue growth, suggesting management manipulation for compensation puexpose_contradiction
05
The slide uses quotes from executives to set up a contradiction, followed by a data table to refute their definition of organic growth.expose_contradiction
06
The slide uses a table to contrast organic growth against reported growth to expose obfuscation tactics.expose_contradiction
07
The slide uses a compensation table to establish the importance of the metric, then a quarterly breakdown to expose the calculation delta.expose_contradiction
08
The slide uses a table to highlight missed performance targets and quotes from executives to contrast with actual financial outcomes.expose_contradiction
09
The slide uses expert testimony and competitor insight to build a bearish thesis on GTT's operational health.name_villain
10
The slide uses a table to quantify the impact of accounting adjustments on reported vs expected figures, specifically highlighting the 'D&A Adjustment' line iteexpose_contradiction
11
The slide uses tables and a bar chart to demonstrate how GTT extended asset useful lives, leading to a significant drop in amortization expense.expose_contradiction
12
Includes a quote from a competitor regarding industry standards for fiber depreciation.expose_contradiction
Open slide detailBeat · The Monster
13
The slide highlights aggressive accounting revaluations to manipulate depreciation/amortization expenses.expose_contradiction
Open slide detailBeat · The Monster
14
The slide uses a 'villain critique' style to dismantle GTT's financial reporting, specifically targeting their use of 'Adjusted Free Cash Flow' and asset valuatexpose_contradiction
15
The slide uses a peer benchmark table to expose a gap in financial performance, specifically targeting GTT's low cash conversion rate compared to industry peerscompare_peers
16
The chart shows a decline in OCF/Sales ratio following major acquisitions, while the text highlights the removal of transparency in financial reporting.expose_contradiction
17
The slide explicitly critiques the company's 'creative' accounting practices regarding pro forma adjustments and synergy add-backs.analyze_data
18
The slide highlights a calculation error in the company's reported EBITDA and critiques the removal of the slide in subsequent quarters as a tactic to hide finaexpose_contradiction
19
The slide uses a stacked bar chart to show the inverse relationship between company earnings (negative) and management compensation (positive).expose_contradiction
20
The chart uses a stacked bar approach where compensation is positive and EVA is negative, visually emphasizing the divergence.expose_contradiction
21
The slide uses a 'villain' or competitor perspective to validate the research thesis.summarize
Open slide detailBeat · The Struggle
22
The slide presents two tables showing sequential organic growth calculations for Q1 2017 and Q2 2017.analyze_data
Open slide detailBeat · The Struggle
23
The slide presents sequential organic growth analysis by stripping out acquisition impacts.analyze_data
Open slide detailBeat · The Struggle
24
The slide provides a sequential organic growth calculation by adjusting reported revenue for acquisition impacts.analyze_data
Open slide detailBeat · The Struggle
25
The slide provides a bridge between reported revenue and organic revenue by adjusting for acquisitions and net installations.analyze_data
Open slide detailBeat · The Struggle
26
Contains two distinct tables: one for D&A adjustments and one for peer benchmarking of asset useful lives.appendix
Open slide detailBeat · The Struggle
27
The table includes a disclaimer regarding the 2017 data granularity and an assumption used for EBITDA calculation.appendix
Open slide detailBeat · The Struggle
28
The slide uses a transcript to expose a lack of strategic alignment or awareness by the CFO.expose_contradiction
Open slide detailBeat · The Struggle
29
The table tracks 28 individual transactions resulting in total proceeds of over $6.6 million.appendix
Open slide detailBeat · The Victory
30
The table tracks date, net sales, net buys, close price, and net proceeds for each transaction, totaling over $6 million in proceeds.analyze_data
Open slide detailBeat · The Victory
31
The table shows a total of 13,298 net sales and $418,677.56 in net proceeds.analyze_data
Open slide detailBeat · The Victory