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  "documentTitle": "Weis Markets, Inc. (WMK)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-09-05 00:00:00",
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  "notes": "The slide uses a before-after comparison to show that the company reverted to poor disclosure practices after an initial SEC intervention.",
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      "kind": "callout",
      "text": "Recent 2017 Disclosures Give Little Detail",
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      "text": "2015 Enhanced Cost Disclosures After Receiving An SEC Comment Letter",
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      "text": "Weis is also dodgy when giving disclosures about its operating costs drivers. In Oct 2015, after questioning by the SEC, it agreed to provide more cost disclosures. (1) Fast forward two years later, and Weis is back to its practice of giving minimal cost disclosure.",
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      "text": "Weis is also dodgy when giving disclosures about its operating costs drivers. In Oct 2015, after questioning by the SEC, it agreed to provide more cost disclosures. (1) Fast forward two years later, and Weis is back to its practice of giving minimal cost disclosure.",
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      "text": "1) Weis Response To SEC Comment Letter, Oct 2015",
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      "text": "Source: Weis 2017 10-K Annual Report; Source: Weis 2015 10-K Annual Report",
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      "text": "2015 vs. 2014 and 2014 vs. 2013 cost breakdown table",
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      "kind": "title",
      "text": "And Shrinking Cost Driver Disclosures Too",
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