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      "notes": "Highlights the discrepancy between earlier projections and the September 2025 update.",
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      "slideType": "section_divider",
      "function": "transition",
      "notes": "Spruce Point Capital Management branding.",
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      "notes": "Uses a combination of a data table and a website screenshot to prove inventory bloat.",
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      "notes": "The slide uses color coding (yellow/red) to emphasize the recent decline in growth rates.",
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      "notes": "Uses a 'nothing' callout to highlight the absence of data as a negative signal.",
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