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  "documentTitle": "Groupe Casino (CO)",
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  "authorName": "Carson C. Block",
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  "notes": "The slide uses forensic linguistic analysis to identify 'Referral Statement', 'Exclusionary Qualifier', and 'Failure-to-Answer' as indicators of deception.",
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      "text": "Giscard d'Estaing's assertion that 2016 earnings will contain no more contribution from R/E transactions as in 2015, and his insistence (repeated) that gains will \"only\" be generated by French food operations, is an avoidance of the original question.",
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      "kind": "paragraph",
      "text": "I have taken Giscard d'Estaing's answers out of his order to match them with the questions presented. The above answer offers multiple indicators of deception...",
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      "kind": "paragraph",
      "text": "Antoine Giscard d'Estaing - Casino CFO: 'I think your last question was on how we see 2016, I think I answered already what we expect to get...'",
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      "text": "Giscard d'Estaing has repeatedly emphasized the importance of France. Interestingly, Banque de France data revealed the food retail market was positive in October and dipped in November...",
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      "text": "It should also be noted that Giscard d'Estaing placed considerable emphasis on the assertion that 'we do not anticipate for 2016 a higher contribution of real estate development projects than in 2015.'",
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      "kind": "paragraph",
      "text": "Nicolas Champ - Barclays Capital - Analyst: 'Yes, good morning, everyone. Sorry to follow up on Fabienne's question regarding the French EBIT for 2015...'",
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      "text": "\"I think your last question was on how we see 2016, I think I answered already what we expect to get. The message I can add to what I already said is we do not anticipate for 2016 a higher contribution of real estate development projects than in 2015.\" — Antoine Giscard d'Estaing - Casino CFO",
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