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  "documentTitle": "The Walt Disney Company (DIS)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
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  "presentationDate": "2023-01-12 00:00:00",
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  "notes": "Uses red dashed lines to visually anchor the 2018 peak performance against subsequent years.",
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      "kind": "callout",
      "text": "We believe that Disney no longer values free cash flow and that needs to change",
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      "text": "Disney's Adj. Diluted EPS – Consensus (FY)",
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      "text": "Free Cash Flow: $10.6",
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      "text": "Source: SEC filings, FactSet Wall Street estimates as of 1/10/23.",
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      "text": "Earnings and FCF are Not Expected to Recover to 2018 Levels for Another 3+ Years",
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