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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": "Uses a quote from a Q1'17 conference call to establish the baseline of management's previous optimism.",
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      "text": "The current street consensus numbers are well below management's projections filed in the deal proxy statement a little more than a year ago in June 2017.",
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      "text": "Revenue: -23%",
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      "text": "The current street consensus numbers are well below management's projections filed in the deal proxy statement a little more than a year ago in June 2017. Prior to filing the projections in May 2017, management touted it had a strong order backlog, and great long-term revenue visibility. Clearly, management has lost credibility.",
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      "kind": "quote",
      "text": "CFO Wirasekara Q1'17 Conf Call (May 2017): \"Our strong order backlog provides us with good long-term revenue visibility...We still firmly believe that four times leverage is the most efficient capital structure...\"",
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      "text": "Our strong order backlog provides us with good long-term revenue visibility... We still firmly believe that four times leverage is the most efficient capital structure that we can put together going forward, that provides us with the lowest overall cost of capital, we are very confident about the visibility of the cash flow to service this as well as providing the capital for all the programs that we have — CFO Wirasekara Q1'17 Conf Call (May 2017)",
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      "text": "Projections per Proxy filed June 22, 2017. Street consensus estimates per Bloomberg",
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