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  "documentTitle": "Sotheby's (BID)",
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  "authorName": "Marcato Capital Management",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-04-22 00:00:00",
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  "notes": "The table highlights valuation multiples and yields for various financial metrics.",
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      "kind": "callout",
      "text": "Dillard's is currently trading at ~12% free cash flow yield and has been using all of its free cash flow to repurchase shares",
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      "text": "free cash flow yield: 12%",
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      "text": "Source: Capital IQ, Company filings, Marcato Estimates",
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      "text": "Summary Trading Statistics table showing Revenue, EBITDA, EPS, and FCF metrics for 2012A-2015E",
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      "text": "Where Does it Trade?",
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