{
  "docId": "019dd923-622b-71dc-a6da-fdfe8ef6f649",
  "docSlug": "b00d3608ca61",
  "documentTitle": "Core Laboratories (CLB)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-05-08 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 40,
  "pageCount": 63,
  "prevPage": 39,
  "nextPage": 41,
  "slideType": "analyze_data",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 7,
  "notes": "The chart illustrates a sustained negative trend for the sector, with companies trading at small multiples of prior peak earnings.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6da-fdfe8ef6f649/40",
  "deckHref": "/decks/019dd923-622b-71dc-a6da-fdfe8ef6f649",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-fdfe8ef6f649.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-fdfe8ef6f649#slide-40",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "These companies are crawling along the bottom, trading at very small multiples of prior peak earnings, because that capital spending is not poised to recover anytime soon.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-25b4-767c-9bfc-a07355925f5a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.31,
        "w": 0.76,
        "x": 0.12,
        "y": 0.16
      },
      "kind": "chart",
      "text": "Line chart showing performance of CLB, OII, RIG, DO, BRS, NE, SDRL from Aug-13 to Feb-17",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9a5ee256-6f52-4abc-8200-a8bb173b4895",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.76,
        "x": 0.12,
        "y": 0.48
      },
      "kind": "paragraph",
      "text": "These are some companies with heavy offshore exposure. Clearly the market understands the outlook here. These companies are crawling along the bottom, trading at very small multiples of prior peak earnings, because that capital spending is not poised to recover anytime soon.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6b136303-9723-4de4-9a2a-fcbec8c348a5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.76,
        "x": 0.12,
        "y": 0.64
      },
      "kind": "source-note",
      "text": "Source: Greenlight calculation using Bloomberg LP pricing data, retrieved May 2017. Indexed constituents selected in the sole discretion of Greenlight.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "57d63aa1-db15-4fe4-8a8c-815df459eb70",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.64,
        "x": 0.18,
        "y": 0.11
      },
      "kind": "title",
      "text": "Offshore servicers underwater",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "843b40f4-abd3-4b60-9791-65d0d648ebc7",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 40,
      "from": 21,
      "beatId": "2eac6ffd-348f-43a5-9175-97210d5d0499",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "Analyzing data and exposing contradictions in the growth narrative.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}