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  "documentTitle": "Monolithic Power Systems (MPWR)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2019-10-09 00:00:00",
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  "notes": "Uses a flow-chart style comparison to contrast standard capital allocation with the target's behavior.",
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      "text": "Curiously, it's biggest capital priority is buying land and real estate. As we will show, its recent real estate purchases was at a significant premium, and is not even close to being utilized.",
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      "text": "In today's environment, Spruce Point finds many companies prioritizing capital allocation decisions towards acquisitions, share repurchases and dividends. Monolithic takes a very different approach to capital allocation. Curiously, it's biggest capital priority is buying land and real estate. As we will show, its recent real estate purchases was at a significant premium, and is not even close to being utilized.",
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      "text": "Capital Allocation Mystery",
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