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  "documentTitle": "Maxar Technologies (MAXR)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2018-08-07 00:00:00",
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  "notes": "The slide uses a 'villain' framing by contrasting the target company's (Maxar) lack of disclosure with the transparency of its peers.",
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      "kind": "callout",
      "text": "Why can't Maxar at least give the same level of disclosure Loral provided on gross margins?",
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      "text": "gross margin",
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      "text": "Source: Loral 2011 10-K; Orbital ATK 2015 10-K; Surrey Satellite Technology Ltd Annual Return",
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      "text": "Space Systems Loral (pre-MDA acquisition); Gross Margins 11.0% - 18.0%",
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      "text": "Surrey Satellite Technology Ltd; Gross Margins 6.3% - 15.3%",
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      "text": "Orbital ATK; Gross Margins 17.3% - 17.9%",
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      "text": "Peer Satellite Manufacturers Clearly Disclose Gross Profit Margins",
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