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  "documentTitle": "Carvana Co. (CVNA)",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-03-01 00:00:00",
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  "notes": "This is a classic activist short thesis slide outlining the 'path to zero' for a target company.",
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      "kind": "callout",
      "text": "Spruce Point believes that, with such heavy capital needs, and with so many things that can go wrong, Carvana can be deemed a zero without much imagination.",
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      "kind": "table",
      "text": "Table detailing risks: Dependence on unknown parties, Dependence on credit, Business practices scrutiny, Management turnover, Equity investors lose faith.",
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      "text": "How This Goes To Zero",
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