{
  "docId": "019dd923-622c-750b-8b98-694e98f1b555",
  "docSlug": "e144e98ebdb8",
  "documentTitle": "U.S. Concrete Inc (USCR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-05-17 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 42,
  "pageCount": 48,
  "prevPage": 41,
  "nextPage": 43,
  "slideType": "preempt_rebuttal",
  "function": "preempt_rebuttal",
  "density": "balanced",
  "nDataPoints": 16,
  "notes": "The slide uses the contrast between analyst 'Buy' ratings and the activist's bearish thesis to frame the market as misinformed.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "comparison_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-694e98f1b555/42",
  "deckHref": "/decks/019dd923-622c-750b-8b98-694e98f1b555",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-694e98f1b555.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-694e98f1b555#slide-42",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Not surprisingly, the majority of analysts are “Buy” on the stock, but have quietly been cutting their price targets very recently. We expect a substantial re-rating lower in the share price once investors critically analyze the findings of our research.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-5371-75ed-83d7-4362fb2be0b0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Price Target: $86.29",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-5371-75ed-83d7-4630055b5a01",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "paragraph",
      "text": "Not surprisingly, the majority of analysts are “Buy” on the stock, but have quietly been cutting their price targets very recently. We expect a substantial re-rating lower in the share price once investors critically analyze the findings of our research.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a0ca568e-11bc-4706-9bd5-b9382d65d006",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.08,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "1) Upside based on $61.20 share price",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "202d4c25-5b82-49e9-9b03-1a250803bb51",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.84,
        "x": 0.08,
        "y": 0.35
      },
      "kind": "table",
      "text": "Analyst, Recent Action, Recommendation, Price Target table with 7 rows of data and summary row.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c3ffb1a6-9864-4a65-b1ba-5393fd59118f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.65,
        "x": 0.31,
        "y": 0.05
      },
      "kind": "title",
      "text": "Analysts See Approximately 40% Upside",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "953ef11d-0642-4f8e-ae96-f6a58d973c25",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "preempt_rebuttal",
      "slug": null,
      "matchId": "973a4979-a93d-410e-926b-619b9d8c0e68",
      "evidence": "The slide explicitly addresses the consensus 'Buy' rating to undermine it before presenting the activist's bearish thesis.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 48,
      "from": 41,
      "beatId": "06881d26-3572-4726-8277-b309800ce984",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Victory",
      "beatSlug": null,
      "evidence": "The document concludes with a clear valuation and price target",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 48,
      "from": 41,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "562a7431-98ed-4d59-81b0-30be0e7693ea",
      "evidence": "The document concludes with a clear valuation and price target, emphasizing the potential downside risk",
      "position": 1,
      "objective": "Highlight the cost of inaction for investors",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}