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  "docSlug": "6dfd595fdfac",
  "documentTitle": "Ballard Power Systems (BLDP)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-01-25 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 7,
  "pageCount": 60,
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  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 35,
  "notes": "Includes a callout box highlighting the 75.6% retail ownership and 6.6% institutional ownership.",
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  "slideHref": "/slides/019dd923-622c-750b-8b98-56362394aa64/7",
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      "kind": "callout",
      "text": "Ballard is 76% owned by the public, making it a heavily retail driven stock. Ballard's management and directors own virtually no shares and its current ownership is near all-time lows.",
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      "kind": "chart",
      "text": "Ballard Insider Ownership Trends",
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      "kind": "metric",
      "text": "Insider Ownership: 0.5%",
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      "text": "Ballard is 76% owned by the public, making it a heavily retail driven stock. Ballard's management and directors own virtually no shares and its current ownership is near all-time lows. When compared against other speculative fuel cell publicly owned peers, we find that Ballard has the least support from the financial institutions and insiders.",
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      "kind": "source-note",
      "text": "Source: Yahoo finance, Nasdaq ownership, proxy statements",
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      "text": "Ballard Ownership Heavily Retail Driven",
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      "text": "Ballard vs. Other Fuel Cell Peers",
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      "kind": "title",
      "text": "Ballard: A Retail Driven Stock",
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      "evidence": "Compares Ballard's ownership metrics against a peer group of fuel cell companies.",
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      "name": "Pattern Hunter",
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      "evidence": "The document uses a pattern-hunting approach to identify concerns about Ballard's partnerships and business model.",
      "position": 0,
      "objective": "To identify patterns in Ballard's business model that may indicate a flawed investment opportunity.",
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