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  "docSlug": "8b6a62f49fba",
  "documentTitle": "Church & Dwight Co., Inc. (CHD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-09-05 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 62,
  "pageCount": 92,
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  "nextPage": 63,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "Uses screenshots of 8-K filing, FDA recall notice, and a law firm announcement to build the case.",
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      "kind": "callout",
      "text": "CHD acquired Waterpik clear of any loss accruals for product liability. In 2018, there was an FDA recall for the Sonic-Fusion product that CHD conveniently didn't highlight. Personal injury lawyers are clamoring for lawsuits.",
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      "kind": "callout",
      "text": "CHD acquired Waterpik clear of any loss accruals for product liability. In 2018, there was an FDA recall for the Sonic-Fusion product that CHD conveniently didn’t highlight. Personal injury lawyers are clamoring for lawsuits.",
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      "text": "Warner Law Office announcement regarding dangerous products",
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      "text": "FDA recall notice for Sonic-Fusion",
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      "text": "8-K filing excerpt regarding Commitments and Contingencies",
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      "kind": "quote",
      "text": "WATERPIK TOOTHBRUSHES DEEMED DANGEROUS PRODUCTS — Warner Law Office",
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      "kind": "title",
      "text": "Product Liability Risk Rising?",
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      "evidence": "Contrasting company financial disclosures with external legal and regulatory events.",
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      "name": "Cost Of Inaction",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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      "evidence": "The overall thesis implies that failing to act on Spruce Point's analysis could lead to significant financial losses for investors holding onto CHD stock.",
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      "objective": "The cost of not selling CHD",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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