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  "documentTitle": "Perrigo Company plc (PRGO)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
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  "documentKindLabel": "Shareholder letter",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-09-12 00:00:00",
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  "notes": "Uses a combination of waterfall-style EPS decline chart and a comparative performance table to argue for management change.",
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      "text": "132% Difference",
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      "text": "Substantially Decreased EPS Guidance",
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      "text": "Total Return: 132%",
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      "text": "Unfortunately for shareholders, management and the Board were far from prescient. Rather than retesting Perrigo management's target price of more than $200 per share, Perrigo lost more than half of its value since Mylan abandoned their tender offer.",
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      "text": "Source: Company Filings; Midpoint of management's 2016 guidance",
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      "text": "Source: Capital IQ, Company filings. Returns adjusted for dividends and are through September 9, 2016.",
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      "text": "PRGO Share Price Performance vs. Peers",
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