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  "docSlug": "8b6a62f49fba",
  "documentTitle": "Church & Dwight Co., Inc. (CHD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-09-05 00:00:00",
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  "notes": "Uses a call-and-response structure to highlight management obfuscation.",
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      "kind": "list",
      "text": "CEO Matt Farrell response claiming they didn't own it a year ago and refusing to comment on specific brand sales.",
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      "kind": "list",
      "text": "Analyst Cody Ross question regarding FLAWLESS sales performance and seasonality.",
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      "text": "Spruce Point critique: CEO is dodging the question and making false statements regarding their ability to comment on brand performance.",
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      "text": "Spruce Point's concerns are mirrored by a sell-side analyst question. When questioned about the performance of FLAWLESS in Q2, the CEO engaged in evasive and dismissive language which suggests CHD is hiding something.",
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      "text": "Source: CHD Q2 2019 Conference Call",
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      "kind": "title",
      "text": "CEO Spinning Excuses About FLAWLESS' Performance",
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      "name": "Cost Of Inaction",
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