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  "documentTitle": "Bob Evans Farms, Inc. (BOBE)",
  "authorId": "08_Sandell",
  "authorName": "Sandell Asset Management",
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  "presentationDate": "2013-09-01 00:00:00",
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      "text": "We believe that Bob Evans Farms, Inc. (\"Bob Evans\" or the \"Company\") is materially undervalued, as its stock price does not reflect the intrinsic value of its underlying assets",
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      "text": "We believe that Bob Evans Farms, Inc. is materially undervalued... The Company suffers from a conglomerate discount... The stock price has under-performed... The CEO has been awarded a 4-year extension... The Company's stock price does not reflect the significant embedded value... While the Company's recent incremental $150 million share repurchase authorization is a positive, the Company has the ability to return substantially more cash to its shareholders.",
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      "text": "We believe the Company should take a multi-step approach in order to realize this value: Step 1: The Company should separate its food products business... Step 2: The Company should unlock the value embedded in its many owned restaurant properties... Step 3: The Company should implement a large self-tender...",
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