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  "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
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  "presentationDate": "2015-02-17 00:00:00",
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  "notes": "Uses two waterfall charts to bridge EPS and a table to calculate implied growth.",
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      "text": "Trian estimates that the remainder of the business must grow operating earnings by ~17% to meet guidance; these same segments have seen operating earnings decline by 26% since 2011",
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      "text": "Bridge From 2015 Guidance to Core EPS Needed",
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      "text": "Once again, we believe DuPont management has set itself up for failure; they now must make up for 2014 one-timers... and a rising tax rate to achieve 2015 guidance. Assuming that DuPont achieves 35 cents of cost-savings... Trian estimates that the remainder of the business must grow operating earnings by ~17% to meet guidance.",
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