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  "documentTitle": "Aerojet Rocketdyne Holdings, Inc. (AJRD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-04-09 00:00:00",
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      "text": "In our opinion, Aerojet Rocketdyne (NYSE: AJRD) – formerly Gencorp (NYSE: GY) – is facing fundamental pressures, masked by complicated and aggressive accounting, which gives investors a potentially misleading impression of stability and growth.",
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      "text": "Aerojet's primary rocket propulsion business has historically benefited from high barriers to entry... These dynamics have shifted in recent years with the emergence of disruptive low-cost competitors...",
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      "text": "downside risk: 40% - 60%",
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      "text": "Spruce Point Believes Aerojet Rocketdyne (NYSE: AJRD) Is A \"Strong Sell\" And Sees 40% - 60% Downside Risk ($13 - $20 Per Share)",
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