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  "documentTitle": "Vitesco Technologies (VTSC)",
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  "authorName": "David Einhorn",
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  "notes": "The cartoon is used as a metaphor for having a 'letter' (order backlog) that guarantees future success, contrasting with the perception of being a 'loser' (profitless growth).",
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      "text": "While profits are on the come, Peanut Butter has a significant order backlog, which provides strong visibility to future revenue and profit growth.",
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      "text": "The cartoon says, “Well, you may think I’m a loser, but I’ve got a letter here that says I may already be a winner.” We usually do not invest in profitless growth stocks because we have little faith in our ability to forecast their financials over several years. While profits are on the come, Peanut Butter has a significant order backlog, which provides strong visibility to future revenue and profit growth.",
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      "text": "“Well, you may think I’m a loser, but I’ve got a letter here that says I may already be a winner.” — CartoonStock.com",
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