{
  "kind": "all",
  "value": "all",
  "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations",
  "filters": {
    "documentKinds": [],
    "sourceTypes": [],
    "orientations": []
  },
  "total": 319975,
  "page": 2038,
  "pageSize": 60,
  "pageCount": 5333,
  "rows": [
    {
      "docId": "019dd923-622c-750b-8b98-ce8e8f2b4a97",
      "docSlug": "c5a10320e53e",
      "documentTitle": "Cintas Corp. (CTAS)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-11-13 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 1,
      "slideType": "cover",
      "function": "front_matter",
      "notes": "The imagery depicts a burning laundry facility with rats, visually reinforcing the 'bad business practices' thesis.",
      "imagePath": "https://imgproxy.kitesheet.com/DhTfrOKBA6wOgRynQ30w-aQqeLOB1wVpS-T-gPKIWLY/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9jNWExMDMyMGU1M2UvcDAwMS5wbmc",
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-ce8e8f2b4a97/1",
      "deckHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97#slide-1",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 5,
          "from": 1,
          "beatId": "e4fd478a-d0da-4710-90c2-1fe74e432b4f",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "The Call",
          "beatSlug": "overcoming-monster-the-call",
          "evidence": "The deck's introduction and executive summary serve as a call to action for investors.",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": "Complication",
          "parentBeatSlug": "complication"
        }
      ],
      "imagePathAlt": "https://imgproxy.kitesheet.com/303AbrvhbyuvzC-nC51GzbBi8FRBYO4c8Q6zetio8hI/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9jNWExMDMyMGU1M2UvcDAwMS5qcGc",
      "thumbSrc": "https://imgproxy.kitesheet.com/mt9YPMYdJdQXBZHjULiVBZ3O6gbXJCf5ft2JKuEwF3Q/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9jNWExMDMyMGU1M2UvcDAwMS5wbmc",
      "thumbSrcAlt": "https://imgproxy.kitesheet.com/WMfBUFxZm13FUcL3uELKSJkATKMoHJeI-J-HddkXsi4/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9jNWExMDMyMGU1M2UvcDAwMS5qcGc"
    },
    {
      "docId": "019dd923-622c-750b-8b98-ce8e8f2b4a97",
      "docSlug": "c5a10320e53e",
      "documentTitle": "Cintas Corp. (CTAS)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-11-13 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 2,
      "slideType": "disclaimer",
      "function": "other",
      "notes": null,
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-ce8e8f2b4a97/2",
      "deckHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97#slide-2",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 5,
          "from": 1,
          "beatId": "e4fd478a-d0da-4710-90c2-1fe74e432b4f",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "The Call",
          "beatSlug": "overcoming-monster-the-call",
          "evidence": "The deck's introduction and executive summary serve as a call to action for investors.",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": "Complication",
          "parentBeatSlug": "complication"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-ce8e8f2b4a97",
      "docSlug": "c5a10320e53e",
      "documentTitle": "Cintas Corp. (CTAS)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-11-13 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 3,
      "slideType": "precedent_table",
      "function": "cite_precedent",
      "notes": "The slide uses a 'Quote From Ben Axler' as a framing device to establish the firm's contrarian thesis.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-ce8e8f2b4a97/3",
      "deckHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97#slide-3",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 5,
          "from": 1,
          "beatId": "e4fd478a-d0da-4710-90c2-1fe74e432b4f",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "The Call",
          "beatSlug": "overcoming-monster-the-call",
          "evidence": "The deck's introduction and executive summary serve as a call to action for investors.",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": "Complication",
          "parentBeatSlug": "complication"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-ce8e8f2b4a97",
      "docSlug": "c5a10320e53e",
      "documentTitle": "Cintas Corp. (CTAS)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-11-13 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 4,
      "slideType": "table_of_contents",
      "function": "front_matter",
      "notes": null,
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-ce8e8f2b4a97/4",
      "deckHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-ce8e8f2b4a97#slide-4",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 5,
          "from": 1,
          "beatId": "e4fd478a-d0da-4710-90c2-1fe74e432b4f",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "The Call",
          "beatSlug": "overcoming-monster-the-call",
          "evidence": "The deck's introduction and executive summary serve as a call to action for investors.",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": "Complication",
          "parentBeatSlug": "complication"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 40,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a yellow callout box to emphasize the specific text from the 10-Q that the activist is flagging as suspicious.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/40",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-40",
      "loopMatches": [
        {
          "to": 40,
          "from": 30,
          "name": "Hypothesis Test",
          "slug": "42-hypothesis-test",
          "bestFor": "Strategy validation, due diligence, research presentations",
          "matchId": "34f0562e-ce69-44bc-a8d8-f1ebcc6b8b72",
          "evidence": "The document presents numerous examples of accounting and disclosure red flags, testing the hypothesis that MPWR's financials are suspect.",
          "position": 2,
          "objective": "To test the hypothesis that MPWR's financials are suspect",
          "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": [
        {
          "to": 40,
          "from": 7,
          "beatId": "d8746476-9a97-4214-9f12-49d6bd9131a5",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Agitate (Make it worse)",
          "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
          "evidence": "The document then agitates the problem, presenting numerous examples of accounting and disclosure red flags.",
          "position": 1,
          "confidence": 0.8,
          "parentBeatName": "Development",
          "parentBeatSlug": "development"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 41,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a combination of LinkedIn data and company financial reports to perform a 'bridge' analysis to isolate core consumer performance.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/41",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-41",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 42,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a red box to highlight the specific row in the table that supports the activist's thesis.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/42",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-42",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 43,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a chronological list of quotes to build a case of management inconsistency.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/43",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-43",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 44,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a combination of a stock chart and a table of text excerpts to draw a parallel between past and present financial disclosures.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/44",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-44",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 45,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a quote from an external report to undermine the growth narrative of the target company's consumer electronics business.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/45",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-45",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 46,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a series of quotes from company leadership to set up a contradiction with the subsequent data table.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/46",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-46",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 47,
      "slideType": "key_takeaways",
      "function": "summarize",
      "notes": "The slide uses primary source interviews with distributors to contradict or contextualize public financial reporting.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/47",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-47",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 48,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a table of financial projections for MPWR and a text excerpt from SMTC's outlook to highlight a disconnect.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/48",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-48",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 49,
      "slideType": "testimonial",
      "function": "expose_contradiction",
      "notes": "The slide uses a callout-style layout to present multiple distinct quotes from a single source.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/49",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-49",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 50,
      "slideType": "section_divider",
      "function": "transition",
      "notes": null,
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/50",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-50",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 51,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a callout box to highlight a quote from the company's 10-K as a counterpoint to the activist's thesis.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/51",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-51",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 52,
      "slideType": "peer_benchmark",
      "function": "compare_peers",
      "notes": "The slide highlights Monolithic Power's unusually narrow guidance ranges compared to peers, suggesting potential manipulation or artificial precision.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/52",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-52",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 53,
      "slideType": "preempt_rebuttal",
      "function": "expose_contradiction",
      "notes": "The slide uses peer data to imply that the subject company's precision in gross margin guidance is suspicious or anomalous.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/53",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-53",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 54,
      "slideType": "preempt_rebuttal",
      "function": "expose_contradiction",
      "notes": "The slide uses a 'too good to be true' argument to suggest potential earnings manipulation.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/54",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-54",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 55,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a callout box to frame the data as evidence of potential earnings manipulation.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/55",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-55",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 56,
      "slideType": "peer_benchmark",
      "function": "compare_peers",
      "notes": "The slide uses sarcasm to imply that Monolithic's consistent performance is suspicious or manipulated.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/56",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-56",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 57,
      "slideType": "section_divider",
      "function": "transition",
      "notes": null,
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/57",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-57",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 58,
      "slideType": "peer_benchmark",
      "function": "compare_peers",
      "notes": "The slide highlights Monolithic's outlier status in cash management relative to the industry average.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/58",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-58",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 59,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a callout box to link the geographic revenue table to the foreign currency risk disclosure, pointing out the Bermuda entity.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/59",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-59",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 60,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses SEC filing excerpts to contrast stated tax jurisdictions (Chengdu, Hangzhou, Switzerland) with the existence of a Bermuda subsidiary.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/60",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-60",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 61,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Includes screenshots of financial statements with red arrows and callout boxes highlighting suspicious details.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/61",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-61",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 62,
      "slideType": "comparison_table",
      "function": "expose_contradiction",
      "notes": "Uses a flow-chart style comparison to contrast standard capital allocation with the target's behavior.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/62",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-62",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 63,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "The red box highlights the total spending on land/real estate vs dividends and M&A.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/63",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-63",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 64,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide highlights a discrepancy between dividend payout ratios and EPS growth, implying that if earnings were real, the dividend should be higher.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/64",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-64",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 65,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "The table tracks square footage or similar capacity metrics for specific locations categorized by lease status over time.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/65",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-65",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 66,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a sales history table and a civil plan document to prove the company flipped land instead of developing it.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/66",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-66",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 67,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a combination of narrative text, a direct quote from a 10-Q filing, and a news excerpt to build a case of potential financial impropriety.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/67",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-67",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 68,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses investigative findings to cast doubt on company disclosures regarding property assets.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/68",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-68",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 69,
      "slideType": "peer_benchmark",
      "function": "compare_peers",
      "notes": "The slide highlights that Monolithic Power has the highest square footage per employee, which the author uses to imply suspicious margin stability.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/69",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-69",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 70,
      "slideType": "comparison_table",
      "function": "expose_contradiction",
      "notes": "The slide uses a red box to highlight the specific rows being compared to create a sense of financial irrationality or overpayment.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/70",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-70",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 71,
      "slideType": "section_divider",
      "function": "transition",
      "notes": null,
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/71",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-71",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 72,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses PCAOB audit filings as evidence of changing audit scope.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/72",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-72",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 73,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses visual callouts (red boxes and arrows) to highlight the contradiction between the company's claim and the regulatory record.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/73",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-73",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 74,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a screenshot of a PCAOB database search to link the two companies via a shared audit partner.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/74",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-74",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 75,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses red underlining and callout boxes to emphasize specific connections between individuals and companies.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/75",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-75",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 76,
      "slideType": "nominee_bio",
      "function": "introduce_nominees",
      "notes": "The slide uses red text to highlight omissions in the director's biography, framing them as deceptive.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/76",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-76",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 77,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "The slide presents historical stock performance for BCD Semiconductor, Oplink Communications, Vialta, and Marvell Technologies.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/77",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-77",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 78,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a network diagram to imply illicit financial activity by linking an individual to an offshore entity.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/78",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-78",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 79,
      "slideType": "testimonial",
      "function": "expose_contradiction",
      "notes": "The slide uses a call-and-response format to frame the executive's testimony as evidence of poor corporate governance.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/79",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-79",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 80,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a callout to highlight the omission of the Sipex scandal in the subject's biography.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/80",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-80",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 81,
      "slideType": "precedent_table",
      "function": "cite_precedent",
      "notes": "The slide uses a red box to highlight the DIO row, emphasizing the 'bloated' figures.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/81",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-81",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 82,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses red boxes to highlight the specific restated figures and a callout box to anchor the stock price drop to the news event.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/82",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-82",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 83,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a combination of biographical claims, legal excerpts, and stock performance to undermine the credibility of a board member.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/83",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-83",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 84,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses red callouts to connect proxy statement text to the lack of clawback coverage for long-term incentives.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/84",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-84",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 85,
      "slideType": "peer_benchmark",
      "function": "compare_peers",
      "notes": "The table highlights Monolithic Power (1) with a red border to emphasize the discrepancy.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/85",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-85",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 86,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses visual evidence (photos) and public records (sales history, FAA data) to build a narrative of executive enrichment.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/86",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-86",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 87,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses red circles to draw attention to specific periods of insider selling activity.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/87",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-87",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 88,
      "slideType": "section_divider",
      "function": "transition",
      "notes": null,
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/88",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-88",
      "loopMatches": [
        {
          "to": 95,
          "from": 88,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "93fe92a7-599f-4b8a-859b-61197bc69d8d",
          "evidence": "The document estimates 75-85% downside risk and presents a detailed valuation analysis.",
          "position": 1,
          "objective": "To highlight the potential cost of inaction for investors",
          "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": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 89,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Uses a red box to highlight the 'NO' presence for the most bullish analysts.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/89",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-89",
      "loopMatches": [
        {
          "to": 95,
          "from": 88,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "93fe92a7-599f-4b8a-859b-61197bc69d8d",
          "evidence": "The document estimates 75-85% downside risk and presents a detailed valuation analysis.",
          "position": 1,
          "objective": "To highlight the potential cost of inaction for investors",
          "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": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 90,
      "slideType": "valuation_table",
      "function": "show_valuation_bridge",
      "notes": "The slide uses a 'valuation bridge' logic to argue that current multiples are disconnected from fundamental performance.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/90",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-90",
      "loopMatches": [
        {
          "to": 95,
          "from": 88,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "93fe92a7-599f-4b8a-859b-61197bc69d8d",
          "evidence": "The document estimates 75-85% downside risk and presents a detailed valuation analysis.",
          "position": 1,
          "objective": "To highlight the potential cost of inaction for investors",
          "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": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 91,
      "slideType": "valuation_table",
      "function": "compare_peers",
      "notes": "The slide highlights that MPWR trades at a premium multiple compared to its peers, which the author argues is based on faulty assumptions.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/91",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-91",
      "loopMatches": [
        {
          "to": 95,
          "from": 88,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "93fe92a7-599f-4b8a-859b-61197bc69d8d",
          "evidence": "The document estimates 75-85% downside risk and presents a detailed valuation analysis.",
          "position": 1,
          "objective": "To highlight the potential cost of inaction for investors",
          "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": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 92,
      "slideType": "peer_benchmark",
      "function": "compare_peers",
      "notes": "The slide highlights MPWR (in red) as an outlier compared to its peers (in blue) across four key financial metrics.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/92",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-92",
      "loopMatches": [
        {
          "to": 95,
          "from": 88,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "93fe92a7-599f-4b8a-859b-61197bc69d8d",
          "evidence": "The document estimates 75-85% downside risk and presents a detailed valuation analysis.",
          "position": 1,
          "objective": "To highlight the potential cost of inaction for investors",
          "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": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 93,
      "slideType": "quote_slide",
      "function": "illustrate_case",
      "notes": "The slide uses a conversational Q&A format styled as speech bubbles to present qualitative primary research.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/93",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-93",
      "loopMatches": [
        {
          "to": 95,
          "from": 88,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "93fe92a7-599f-4b8a-859b-61197bc69d8d",
          "evidence": "The document estimates 75-85% downside risk and presents a detailed valuation analysis.",
          "position": 1,
          "objective": "To highlight the potential cost of inaction for investors",
          "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": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 94,
      "slideType": "valuation_table",
      "function": "quantify_opportunity",
      "notes": "The chart shows MPWR's valuation multiples across various metrics compared to the median of 44 completed semiconductor deals.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/94",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-94",
      "loopMatches": [
        {
          "to": 95,
          "from": 88,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "93fe92a7-599f-4b8a-859b-61197bc69d8d",
          "evidence": "The document estimates 75-85% downside risk and presents a detailed valuation analysis.",
          "position": 1,
          "objective": "To highlight the potential cost of inaction for investors",
          "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": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b98-c99fec0ed8aa",
      "docSlug": "1c836eeb374c",
      "documentTitle": "Monolithic Power Systems (MPWR)",
      "authorId": "54_Spruce_Point_Capital",
      "authorName": "Ben Axler",
      "documentKindSlug": "activist-deck",
      "documentKindLabel": "Activist deck",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-10-09 00:00:00",
      "orientation": "landscape",
      "aspectRatio": 1.3333334,
      "pageNumber": 95,
      "slideType": "scenario_table",
      "function": "quantify_opportunity",
      "notes": "The slide uses a valuation bridge approach to adjust consensus figures for alleged accounting irregularities.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b98-c99fec0ed8aa/95",
      "deckHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-c99fec0ed8aa#slide-95",
      "loopMatches": [
        {
          "to": 95,
          "from": 88,
          "name": "Cost Of Inaction",
          "slug": "27-cost-of-inaction",
          "bestFor": "Urgent budget requests, compliance, risk mitigation",
          "matchId": "93fe92a7-599f-4b8a-859b-61197bc69d8d",
          "evidence": "The document estimates 75-85% downside risk and presents a detailed valuation analysis.",
          "position": 1,
          "objective": "To highlight the potential cost of inaction for investors",
          "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": 95,
          "from": 41,
          "beatId": "7f502b1a-d13a-4cdb-a619-66898178d5f2",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution (Provide relief)",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "The document finally presents a solution, estimating 75-85% downside risk and providing a detailed valuation analysis.",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    }
  ]
}