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  "documentTitle": "Dye & Durham Limited (DND)",
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  "authorName": "Arnaud Ajdler",
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  "presentationDate": "2024-12-01 00:00:00",
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      "kind": "quote",
      "text": "Matt says one thing and does just the opposite. It's so frustrating. The stock is uninvestable.",
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      "text": "The Board is a joke. Colleen seems like a nice person, but she is in over her head and can't manage someone like Matt. Matt controls this Board and unless we have a clean fresh reset, nothing will ever change. This is why this stock trades at such a discount to the peers.",
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      "text": "As long as Matt is involved, I am not touching this stock.",
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      "text": "We ended up selling our entire position in DND. I simply couldn't stomach the risk that management wouldn't try to pull something in the midst of your activist campaign.",
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      "text": "I asked Matt in December 2023 if he would issue equity to delever the balance sheet. Stock was around $14 per share. Matt replied – at this price, no way, it's way too cheap. Barely a month later, company announced a bought deal at $12.10 per share.",
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      "text": "Matt keeps saying he wants to delever the balance sheet to 4x but in the meantime, he keeps making acquisitions and increasing the leverage. We have told the Board for years they need to pay down debt, but they just don't get it.",
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      "text": "We ended up selling our entire position in DND. I simply couldn’t stomach the risk that management wouldn’t try to pull something in the midst of your activist campaign. — Former shareholder (Sept 2024); Matt keeps saying he wants to delever the balance sheet to 4x but in the meantime, he keeps making acquisitions and increasing the leverage. We have told the Board for years they need to pay down debt, but they just don’t get it. — Top 10 shareholder (June 2024); As long as Matt is involved, I am not touching this stock. — Former shareholder (June 2024); The Board is a joke. Colleen seems like a nice person, but she is in over her head and can’t manage someone like Matt. Matt controls this Board and unless we have a clean fresh reset, nothing will ever change. This is why this stock trades at such a discount to the peers. — Top 20 shareholder (June 2024); I asked Matt in December 2023 if he would issue equity to delever the balance sheet. Stock was around $14 per share. Matt replied – at this price, no way, it’s way too cheap. Barely a month later, company announced a bought deal at $12.10 per share. — Top 10 shareholder (May 2024); Matt says one thing and does just the opposite. It’s so frustrating. The stock is uninvestable. — Former shareholder (May 2024)",
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      "kind": "title",
      "text": "Dye & Durham's Board Has Lost Trust from Shareholders",
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