{
  "kind": "framework",
  "value": "valuation-reveal",
  "collectionKey": "slides:framework:valuation-reveal:all-document-kinds:all-producers:all-orientations",
  "filters": {
    "documentKinds": [],
    "sourceTypes": [],
    "orientations": []
  },
  "total": 12,
  "page": 1,
  "pageSize": 24,
  "pageCount": 1,
  "rows": [
    {
      "docId": "019dd923-622c-750b-8b99-3dd81deb19cb",
      "docSlug": "0cee9cc55960",
      "documentTitle": "Generac Holdings, Inc. (GNRC)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2022-06-22 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 140,
      "slideType": "valuation_reveal",
      "function": "show_valuation_bridge",
      "notes": "Uses Bloomberg terminal charts to argue for valuation compression.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "Uses historical valuation multiples to argue for future price correction.",
      "slideHref": "/slides/019dd923-622c-750b-8b99-3dd81deb19cb/140",
      "deckHref": "/decks/019dd923-622c-750b-8b99-3dd81deb19cb",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-3dd81deb19cb#slide-140",
      "loopMatches": [
        {
          "to": 145,
          "from": 135,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "76d9eb62-aafb-48a3-a3e4-6e79c57c98f4",
          "evidence": "Detailed valuation analysis",
          "position": 1,
          "objective": "Reveal downside risk",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.8,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 145,
          "from": 135,
          "beatId": "19410594-ff15-4f44-a732-af977a30b0e6",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Valuation Reveal",
          "beatSlug": null,
          "evidence": "Downside risk of 40% - 50%",
          "position": 4,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b99-38d956541145",
      "docSlug": "a8618aad4c6b",
      "documentTitle": "Stryker Corp. (SYK)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2022-04-06 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 190,
      "slideType": "valuation_reveal",
      "function": "show_valuation_bridge",
      "notes": "The slide uses two line charts showing EV/NTM EBITDA and EV/NTM Sales, both indicating current levels relative to historical averages.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "Presents current valuation multiples against historical averages to argue for multiple compression.",
      "slideHref": "/slides/019dd923-622c-750b-8b99-38d956541145/190",
      "deckHref": "/decks/019dd923-622c-750b-8b99-38d956541145",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-38d956541145#slide-190",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 195,
          "from": 61,
          "beatId": "85f871f2-b4a8-4a0d-ac09-177a661eed97",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Resolution",
          "beatSlug": "resolution",
          "evidence": "The document concludes with a clear call to action, urging investors to reconsider their position on Stryker's stock.",
          "position": 4,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-ad29603ddb10",
      "docSlug": "954987ce0454",
      "documentTitle": "Mettler-Toledo International, Inc. (MTD)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-24 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 132,
      "slideType": "valuation_reveal",
      "function": "diagnose_problem",
      "notes": "The slide uses a red horizontal line to denote the historical average for each valuation metric.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "Presents historical valuation metrics to argue that current stock price is unjustified.",
      "slideHref": "/slides/019dd923-622c-750b-8b98-ad29603ddb10/132",
      "deckHref": "/decks/019dd923-622c-750b-8b98-ad29603ddb10",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-ad29603ddb10#slide-132",
      "loopMatches": [
        {
          "to": 136,
          "from": 124,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "91ed3102-7256-4756-a3e4-071f6fd17609",
          "evidence": "The deck presents a sense of urgency and highlights the potential risks of not taking action.",
          "position": 1,
          "objective": "Highlight the potential cost of inaction for investors who fail to sell their shares",
          "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
          "confidence": 0.7,
          "description": "Quantify what happens if the audience does nothing"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 136,
          "from": 131,
          "beatId": "e89de49b-d4c1-4b18-9511-580eecf9ed39",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Conclusion",
          "beatSlug": null,
          "evidence": "The deck concludes with a strong sell opinion and a clear call to action for investors.",
          "position": 4,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b99-91010c0bd592",
      "docSlug": "937587dba6b9",
      "documentTitle": "Intuit Inc. (INTU)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2024-09-20 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 88,
      "slideType": "valuation_reveal",
      "function": "expose_contradiction",
      "notes": "Uses a dual-axis chart to show revenue growth vs. absolute revenue.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "The slide explicitly questions a valuation multiple based on underlying business performance.",
      "slideHref": "/slides/019dd923-622c-750b-8b99-91010c0bd592/88",
      "deckHref": "/decks/019dd923-622c-750b-8b99-91010c0bd592",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-91010c0bd592#slide-88",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b99-a016b8cafb9e",
      "docSlug": "aeaf881b8cf7",
      "documentTitle": "Construction Partners, Inc. (ROAD)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Spruce Point Capital Management",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2025-01-23 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 68,
      "slideType": "valuation_reveal",
      "function": "show_valuation_bridge",
      "notes": "The slide uses a combination of qualitative expert testimony and quantitative historical valuation charts to support a short thesis.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "Presents historical valuation multiples to argue for overvaluation.",
      "slideHref": "/slides/019dd923-622c-750b-8b99-a016b8cafb9e/68",
      "deckHref": "/decks/019dd923-622c-750b-8b99-a016b8cafb9e",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-a016b8cafb9e#slide-68",
      "loopMatches": [
        {
          "to": 70,
          "from": 58,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "6d5a7a7c-c6d9-417f-836e-b17478284dcb",
          "evidence": "The deck concludes with an estimate of 35-50% downside risk and a call to action for investors.",
          "position": 4,
          "objective": "What is the potential downside risk to ROAD's share price?",
          "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
          "confidence": 0.7,
          "description": "Quantify what happens if the audience does nothing"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 70,
          "from": 58,
          "beatId": "cb4864a9-648d-4fe9-b780-5fba03a185fd",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Impact & Next Steps",
          "beatSlug": "consultants-gambit-impact-next-steps",
          "evidence": "The deck concludes with an estimate of 35-50% downside risk and a call to action for investors.",
          "position": 4,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b99-acb9ee1902a4",
      "docSlug": "7928eb40991c",
      "documentTitle": "Monster Beverage Corp. (MNST)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2025-04-08 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 78,
      "slideType": "valuation_reveal",
      "function": "show_valuation_bridge",
      "notes": "The slide uses a Bloomberg terminal chart to argue that the current valuation is unjustified given fundamental deterioration.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "The slide explicitly argues for a lower valuation multiple based on fundamental deterioration.",
      "slideHref": "/slides/019dd923-622c-750b-8b99-acb9ee1902a4/78",
      "deckHref": "/decks/019dd923-622c-750b-8b99-acb9ee1902a4",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-acb9ee1902a4#slide-78",
      "loopMatches": [
        {
          "to": 79,
          "from": 14,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "469f687c-a10d-4864-98fa-9c9877675ea6",
          "evidence": "Repeated use of 'expose_contradiction' slides to highlight discrepancies in Monster Beverage's reporting and operations.",
          "position": 0,
          "objective": "Reveal the extent of Monster Beverage's problems and their implications on the stock price.",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        },
        {
          "to": 79,
          "from": 73,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "b99af0d3-5de2-4e32-9b19-972e9f2ab5cd",
          "evidence": "The conclusion section emphasizes the potential downside risk.",
          "position": 1,
          "objective": "Emphasize the cost of not acting on the sell opinion.",
          "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
          "confidence": 0.6,
          "description": "Quantify what happens if the audience does nothing"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 79,
          "from": 73,
          "beatId": "3fbbd6c0-6561-465b-9e43-468c5a6bad60",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "The Victory",
          "beatSlug": null,
          "evidence": "Conclusion and call to action with a strong sell opinion and downside risk assessment.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019de073-77e4-755e-b63f-52c1c75c68ed",
      "docSlug": "ca5d20405bc44fcbf4929babb29114a4",
      "documentTitle": "Altair US LLC | Activist Presentation Deck | 38 slides",
      "authorId": "altair-us-llc",
      "authorName": "Altair US, LLC",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "activist_investor",
      "sourceTypeLabel": "Activist investor",
      "presentationDate": "2022-09-01 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.7777778,
      "pageNumber": 26,
      "slideType": "valuation_reveal",
      "function": "show_valuation_bridge",
      "notes": "The chart highlights the gap between the market's historical valuation and the proposed acquisition price.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "Comparison of offer price against historical market data and analyst targets",
      "slideHref": "/slides/019de073-77e4-755e-b63f-52c1c75c68ed/26",
      "deckHref": "/decks/019de073-77e4-755e-b63f-52c1c75c68ed",
      "deckAnchorHref": "/decks/019de073-77e4-755e-b63f-52c1c75c68ed#slide-26",
      "loopMatches": [
        {
          "to": 27,
          "from": 25,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "44b7f9a6-2066-4fe5-bb8a-36bae7e1ae54",
          "evidence": "The document reveals the inadequacy of Vista's offer compared to Avalara's historical valuation",
          "position": 1,
          "objective": "Reveal the inadequacy of Vista's offer",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 38,
          "from": 25,
          "beatId": "f7110c28-ff0c-491a-bc82-2386675e455a",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document provides a solution by urging investors to vote against the acquisition",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019de073-77e4-755e-b63f-52c1c75c68ed",
      "docSlug": "ca5d20405bc44fcbf4929babb29114a4",
      "documentTitle": "Altair US LLC | Activist Presentation Deck | 38 slides",
      "authorId": "altair-us-llc",
      "authorName": "Altair US, LLC",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "activist_investor",
      "sourceTypeLabel": "Activist investor",
      "presentationDate": "2022-09-01 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.7777778,
      "pageNumber": 27,
      "slideType": "valuation_reveal",
      "function": "show_valuation_bridge",
      "notes": "Uses a combination of a bar chart for historical price targets and a bar chart for premium/discount analysis to frame the deal as undervalued.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "Compares deal price to analyst targets to argue for undervaluation",
      "slideHref": "/slides/019de073-77e4-755e-b63f-52c1c75c68ed/27",
      "deckHref": "/decks/019de073-77e4-755e-b63f-52c1c75c68ed",
      "deckAnchorHref": "/decks/019de073-77e4-755e-b63f-52c1c75c68ed#slide-27",
      "loopMatches": [
        {
          "to": 27,
          "from": 25,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "44b7f9a6-2066-4fe5-bb8a-36bae7e1ae54",
          "evidence": "The document reveals the inadequacy of Vista's offer compared to Avalara's historical valuation",
          "position": 1,
          "objective": "Reveal the inadequacy of Vista's offer",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 38,
          "from": 25,
          "beatId": "f7110c28-ff0c-491a-bc82-2386675e455a",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document provides a solution by urging investors to vote against the acquisition",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-224dccbc0c0f",
      "docSlug": "bafc4d2317df",
      "documentTitle": "Carvana Co. (CVNA)",
      "authorId": "53_Kerrisdale_Capital",
      "authorName": "Kerrisdale Capital",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2024-02-26 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 5,
      "slideType": "research-note",
      "function": "diagnose_problem",
      "notes": "Includes a quote from a former Director of Operations to support the thesis that rapid growth requires sacrificing unit economics.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "Analysis of growth assumptions required to justify $70 stock price",
      "slideHref": "/slides/019dd923-622c-750b-8b98-224dccbc0c0f/5",
      "deckHref": "/decks/019dd923-622c-750b-8b98-224dccbc0c0f",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-224dccbc0c0f#slide-5",
      "loopMatches": [
        {
          "to": 8,
          "from": 4,
          "name": "Mece Breakdown",
          "slug": "40-mece-breakdown",
          "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
          "matchId": "bfb1767f-0a75-4f1e-a4d7-f0f49cfcedb2",
          "evidence": "The document provides a detailed breakdown of Carvana's valuation using a 12x 2026E EBITDA estimate.",
          "position": 1,
          "objective": "How can Carvana's valuation be broken down?",
          "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
          "confidence": 0.7,
          "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 8,
          "from": 4,
          "beatId": "91aaca8f-9330-4f2c-90a5-2e9cfc9e88c1",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Evidence",
          "beatSlug": "evidence",
          "evidence": "The document provides evidence to support its claims, including valuation tables and peer benchmarks.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622b-71dc-a6d9-fc4318e06f9b",
      "docSlug": "6ded4b1cfe2c",
      "documentTitle": "Bristol-Myers Squibb Company (BMY)",
      "authorId": "03_Starboard_Value",
      "authorName": "Starboard Value",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "activist_investor",
      "sourceTypeLabel": "Activist investor",
      "presentationDate": "2019-03-18 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 122,
      "slideType": "valuation_reveal",
      "function": "show_valuation_bridge",
      "notes": "The chart uses a line graph to show NPV crossing the zero threshold at $15B revenue.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "The slide explicitly calculates the NPV break-even point for an acquisition.",
      "slideHref": "/slides/019dd923-622b-71dc-a6d9-fc4318e06f9b/122",
      "deckHref": "/decks/019dd923-622b-71dc-a6d9-fc4318e06f9b",
      "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-fc4318e06f9b#slide-122",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622b-71dc-a6db-28e86a7ca5c3",
      "docSlug": "efcae84676a2",
      "documentTitle": "Sony Corporation (6758.T)",
      "authorId": "05_Third_Point",
      "authorName": "Third Point",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "activist_investor",
      "sourceTypeLabel": "Activist investor",
      "presentationDate": "2019-06-13 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 10,
      "slideType": "valuation_reveal",
      "function": "show_valuation_bridge",
      "notes": "The slide argues that the market is mispricing Sony given its shift toward higher-multiple businesses.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "The slide presents a historical valuation metric to argue for an undervalued stock price.",
      "slideHref": "/slides/019dd923-622b-71dc-a6db-28e86a7ca5c3/10",
      "deckHref": "/decks/019dd923-622b-71dc-a6db-28e86a7ca5c3",
      "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-28e86a7ca5c3#slide-10",
      "loopMatches": [
        {
          "to": 12,
          "from": 5,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "a3a9c54c-7e5b-4b43-9eca-5fa03913482c",
          "evidence": "The deck emphasizes the consequences of not taking action to address Sony's challenges.",
          "position": 0,
          "objective": "Highlight the cost of inaction and the need for transformation",
          "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
          "confidence": 0.8,
          "description": "Quantify what happens if the audience does nothing"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 12,
          "from": 5,
          "beatId": "1f23ace2-448e-411a-97a0-ff05f0ceef88",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Problem (Identify pain)",
          "beatSlug": "problem-agitate-solution-problem-identify-pain",
          "evidence": "The deck identifies Sony's current pain points, including its depressed stock price and valuation discount.",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": "Complication",
          "parentBeatSlug": "complication"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9c-2350ee931967",
      "docSlug": "a053e21975d1",
      "documentTitle": "Uber Technologies (UBER)",
      "authorId": "01_Pershing_Square",
      "authorName": "Pershing Square",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "activist_investor",
      "sourceTypeLabel": "Activist investor",
      "presentationDate": "2025-02-01 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.2941177,
      "pageNumber": 4,
      "slideType": "valuation_reveal",
      "function": "analyze_data",
      "notes": "The slide highlights a valuation disconnect where earnings estimates have risen while the share price has declined.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": "The slide contrasts share price performance against earnings growth to argue for an undervalued P/E multiple.",
      "slideHref": "/slides/019dd923-622c-750b-8b9c-2350ee931967/4",
      "deckHref": "/decks/019dd923-622c-750b-8b9c-2350ee931967",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-2350ee931967#slide-4",
      "loopMatches": [
        {
          "to": 4,
          "from": 2,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "adcf55d0-1a60-4612-8744-28b37a5a560a",
          "evidence": "Uber's growth potential and valuation",
          "position": 0,
          "objective": "Highlighting the cost of not investing in Uber",
          "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
          "confidence": 0.6,
          "description": "Quantify what happens if the audience does nothing"
        },
        {
          "to": 4,
          "from": 3,
          "name": "Hypothesis Test",
          "slug": "42-hypothesis-test",
          "bestFor": "Strategy validation, due diligence, research presentations",
          "matchId": "042a76a7-2eca-4c2d-8220-dd53b0397aab",
          "evidence": "Uber's financial metrics and valuation",
          "position": 1,
          "objective": "Testing the hypothesis that Uber's P/E multiple is low",
          "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)",
          "confidence": 0.6,
          "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence"
        }
      ],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    }
  ]
}