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  "docSlug": "97e66c73c118",
  "documentTitle": "Hill-Rom Holdings, Inc. (HRC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-10-29 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 61,
  "pageCount": 80,
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  "nDataPoints": 24,
  "notes": "The slide uses a table to quantify the potential impairment risk and a callout box to suggest management is using accounting metrics to delay necessary write-downs.",
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      "kind": "callout",
      "text": "Spruce Point would not be surprised if management-defined KPIs such as “core growth” are used by auditors to test goodwill...",
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      "text": "Spruce Point would not be surprised if management-defined KPIs such as \"core growth\" are used by auditors to test goodwill. We are concerned that superficially strong core growth, supported by advantageous accounting machinations, may be giving management an excuse to delay seemingly-overdue goodwill impairments.",
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      "kind": "metric",
      "text": "Intangibles at risk: $507.4M",
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      "kind": "title",
      "text": "Necessary Write-Downs Posing Risk To Shareholders?",
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