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  "docSlug": "ae865eb75860",
  "documentTitle": "Dillard's, Inc. (DDS)",
  "authorId": "07_Marcato",
  "authorName": "Marcato",
  "documentKindSlug": "activist-deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-11-01 00:00:00",
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  "density": "balanced",
  "nDataPoints": 18,
  "notes": "Includes a bridge from 4-Wall EBITDAR to EBITDA and standard valuation multiples.",
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      "text": "EV / EBITDA: 6.2x",
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      "kind": "source-note",
      "text": "(1) Per Marcato estimates. Net Corporate G&A includes construction operating expenses, service charges and other income",
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      "kind": "table",
      "text": "SUMMARY 2015E FINANCIALS table with Revenue, EBITDAR, EBITDA, Net Income, and FCF",
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      "text": "DILLARD'S (NYSE: DDS)",
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      "evidence": "The deck presents a clear contrast between Dillard's current structure and the potential benefits of an OpCo/PropCo transaction.",
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