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  "documentTitle": "U.S. Concrete Inc (USCR)",
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  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-05-17 00:00:00",
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      "kind": "callout",
      "text": "USCR's former CFO outlined expectations for continued EBITDA to Free Cash Flow expectations of 60% in late Oct 2016. Ever since making that forecast, USCR has fallen increasingly short of target.",
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      "text": "Free Cash Flow (% of Adj. EBITDA): 27.1%",
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      "text": "USCR's former CFO outlined expectations for continued EBITDA to Free Cash Flow expectations of 60% in late Oct 2016. Ever since making that forecast, USCR has fallen increasingly short of target. Tusa's resignation was announced just months later in March 2017",
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      "kind": "quote",
      "text": "Jody Tusa (former CFO) Q3'16 Earnings Call: \"Yes, and Scott, so let's go back to 2015, you saw that we had about a 60% conversion rate of EBITDA to free cash flow* and through what you have seen this year particularly for this quarter we are in line with that performance. So I will say the expectation moving forward around free cash flow generation to EBITDA will we continue to be at that 60% level, I think we will be close.\"",
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      "kind": "quote",
      "text": "\"Yes, and Scott, so let's go back to 2015, you saw that we had about a 60% conversion rate of EBITDA to free cash flow* and through what you have seen this year particularly for this quarter we are in line with that performance. So I will say the expectation moving forward around free cash flow generation to EBITDA will we continue to be at that 60% level, I think we will be close.\" — Jody Tusa (former CFO), Q3'16 Earnings Call",
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      "text": "Source: USCR financial results",
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      "text": "Inability To Forecast",
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