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  "documentTitle": "Church & Dwight Co., Inc. (CHD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "presentationDate": "2019-09-05 00:00:00",
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      "text": "When asked about patent protections for FLAWLESS, the CEO boldly responded it has a “sizeable” patent portfolio. It didn't take much work to call this statement into question.",
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      "text": "Analyst Powers Flawless Deal Call March 2019: Okay. Fair enough. And then lastly if I could just, is there anything you can help us on in terms of what is the replacement cycle for these products, granted it's a new category? But is there any feel for what the replacement cycle is or has been and anything you might have in terms of IP protection, patent protection on the intellectual property that's in the market today? CEO Farrell Response: Yes. They do have a sizable patent portfolio, not just in the U.S., but outside the U.S., largely design patents. What's your other question, Steve, the first part of that?",
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      "text": "When asked about patent protections for FLAWLESS, the CEO boldly responded it has a “sizeable” patent portfolio. It didn’t take much work to call this statement into question. The back of recent packages say “Patent Pending” and the popular Finishing Touch lipstick design patent wasn’t filed until April 6, 2018 after the CEO’s statement.(1)",
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      "text": "1) US Patent D836,840 S (source). We see only 8 patents related to Shaving and Hair Removal devises. Thus, a “sizeable” patent portfolio could be viewed as an exaggeration",
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