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  "documentTitle": "Canadian Tire Corporation (CTC.A)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2019-12-05 00:00:00",
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      "text": "Bay Street analysts are very bullish on Canadian Tire despite numerous headwinds that face the business.",
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      "text": "EBITDA: $77-$100",
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      "text": "Bay Street analysts are very bullish on Canadian Tire despite numerous headwinds that face the business. CTC will continue struggling to gain market share in its traditional retail market resulting in slowing sales growth and margin pressure. Financial Services’ growth should expect headwinds from slowing accounts growth. Sell-side analysts are giving CTC full credit for the announced cost savings plan, and we have strong inclinations to question the true level of cost saving opportunities at Canadian Tire.",
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      "text": "Note: Spruce Point estimates rounded to nearest 5. Upside / Downside based on current share price of C$151\nSource: Bay Street Estimates, Spruce Point analysis",
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      "text": "Comparison table of 2020E/2021E EBITDA, Cost Cutting, Price Target, and Upside/Downside",
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      "text": "Spruce Point Estimates Vs. The Street",
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