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  "documentTitle": "XL Fleet (XL)",
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  "notes": "Uses testimonial evidence to undermine the company's valuation thesis.",
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      "text": "XL’s supply chain woes are ones that we’d expect to haunt a third-tier company.",
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      "text": "XL REPORTEDLY HAD SUPPLY CHAIN ISSUES INDICATIVE OF A BIT PLAYER",
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      "text": "XL's supply chain woes are ones that we'd expect to haunt a third-tier company. XL has been subject to supply shortages for years. Former employees described a dysfunctional workplace that kept customers waiting for their vehicles for extended periods...",
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      "text": "\"When I started, they were using LG batteries in all their stuff. Chrysler took all the allocation for all their batteries... The whole time I was there, they didn't have a battery.\" – Employee B",
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      "text": "\"All of 2019 there were essentially zero batteries delivered. In the first six months of 2020, they got line of sight on maybe 90... 'Okay, you can have five batteries.'\" – Former Employee A",
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      "text": "\"Deliveries weren't happening... 'Oh, just let them know it'll be 30 days.' Then 30 days passes. 'Well, let them know it'll be another 30 days.'\" – Former XL Employee C",
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      "text": "\"When I started, they were using LG batteries in all their stuff. Chrysler took all the allocation for all their batteries. They were testing and retesting and trying to validate... by the time I left, they still didn't have a decent supply chain of the battery to get it going where it was. The whole time I was there, they didn't have a battery.\" — Employee B; \"All of 2019 there were essentially zero batteries delivered. In the first six months of 2020, they got line of sight on maybe 90... to the point where as soon as they got them, they would go to the most pissed off customer: 'Okay, you can have five batteries.'\" — Former Employee A; \"Deliveries weren't happening... It's like, 'Can you tell me the truth, so I can get my fleets in order?'... 'It caused angst with me, because I think that there were some things in the supply chain that they [management] just really knew... 'Oh, just let them know it'll be 30 days.' Then 30 days passes. 'Well, let them know it'll be another 30 days.'\" — Former XL Employee C",
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      "text": "What's XL Really Worth?",
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