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  "documentTitle": "Deckers Outdoor Corporation (DECK)",
  "authorId": "07_Marcato",
  "authorName": "Richard T. McGuire III",
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  "presentationDate": "2017-11-01 00:00:00",
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  "notes": "Uses a combination of bar charts to contrast capital deployment with negative financial performance outcomes.",
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      "text": "Despite spending over $600m of shareholder capital, Deckers' market cap and EPS have declined dramatically",
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      "text": "$606M OF TOTAL CAPEX AND INVESTMENT 2011-2017",
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      "text": "Capital Allocation: $606M",
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      "text": "Source: Company filings, CapIQ. See appendix for footnotes. Note: 2/8/17 intraday market cap based on price of $44.37, just before Marcato's 13D filing.",
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      "text": "POOR TRACK RECORD OF CAPITAL ALLOCATION",
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