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  "docSlug": "e144e98ebdb8",
  "documentTitle": "U.S. Concrete Inc (USCR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-05-17 00:00:00",
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      "text": "On the surface, USCR doesn't carry a commanding valuation on its highly adjusted metrics, but we've illustrated our evidence to suggest overcapitalization of costs are enabling earnings overstatement",
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      "text": "Enterprise Value / EBITDA: 7.8x",
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      "text": "On the surface, USCR doesn't carry a commanding valuation on its highly adjusted metrics, but we've illustrated our evidence to suggest overcapitalization of costs are enabling earnings overstatement",
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      "text": "Source: Company filings, Wall St estimates.",
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      "text": "Peer comparison table with columns for Stock Price, 52-wk High, Ent. Value, Ready Mix % of Sales, Sales/EPS Growth, P/E, EV/EBITDA, EV/Sales, Price/Book, Net Debt/EBITDA, Dividend Yield.",
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      "kind": "title",
      "text": "USCR Looks Cheap, But Don't Be Fooled",
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      "name": "Cost Of Inaction",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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