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  "documentTitle": "TAL Education Group (TAL)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Muddy Waters Capital",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-07-23 00:00:00",
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  "notes": "This slide uses a narrative of 'silence as admission' to imply the company was aware of the analyst's findings and chose to suppress them.",
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      "text": "We think it's because our analyst sent a similar version of this model to TAL IR for comment prior to the Q4 call",
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      "text": "We think it's because our analyst sent a similar version of this model to TAL IR for comment prior to the Q4 call\nWe never received a response\nUntil that time, our and analyst and IR had been actively dialoguing",
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      "kind": "title",
      "text": "Why Didn't TAL Disclose Online / Offline ASP Ratio on the Q4 Call?",
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