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  "documentTitle": "Alexander & Baldwin (ALEX); GenCorp (GY); Brookfield Residential Properties (BRP)",
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  "authorName": "Marcato Capital Management",
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  "presentationDate": "2012-10-01 00:00:00",
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  "notes": "The slide uses historical impairment data to argue that competitors have already adjusted their balance sheets to reflect market reality.",
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      "text": "Due to their U.S. focus and inventory write-downs taken during the recent recession, BRP's homebuilding peers' assets are likely marked near market value",
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      "text": "Source: S&P Case-Shiller Composite 10, Company filings, research, Bloomberg, CapitalIQ, public commentary and information. (1) January 2006 indexed to 100.",
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