{
  "docId": "019dd923-622b-71dc-a6db-96363f3635d5",
  "docSlug": "96abbaf09d0b",
  "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-04-21 00:00:00",
  "orientation": "portrait",
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  "pageNumber": 12,
  "pageCount": 87,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 5,
  "notes": "The chart uses a dual-axis approach to contrast stock price (blue line) with EPS (red line) to highlight the divergence.",
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  "slideHref": "/slides/019dd923-622b-71dc-a6db-96363f3635d5/12",
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  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-96363f3635d5#slide-12",
  "components": [
    {
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      "kind": "callout",
      "text": "We believe DuPont's recent share price performance reflects the market's desire for Trian's involvement",
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    {
      "bbox": {
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      "kind": "chart",
      "text": "DuPont Stock Price vs. Actual/Guided EPS",
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      "kind": "list",
      "text": "DuPont's stock price has risen ~45% since Trian's initial investment, yet EPS is below 2011 levels. While DuPont boasts about its total return of 266% from 12/31/08 to 12/31/14, 116% of that return resulted from share price appreciation after Trian invested.",
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      "text": "EPS: ~45%",
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        "h": 0.05,
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      "kind": "source-note",
      "text": "Source: Capital IQ, DuPont Press Releases and transcripts of earnings release conference calls.",
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      "kind": "title",
      "text": "Recent Stock Price Strength Not Driven By Fundamentals",
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      "confidence": 0.95
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      "evidence": "The deck identifies DuPont's underperformance and various issues, such as lack of growth and poor governance.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
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      "evidence": "The deck uses various slides to expose contradictions and highlight DuPont's underperformance.",
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