{
  "docId": "019dd923-622c-750b-8b98-d4565c313b68",
  "docSlug": "207d3ac66ddd",
  "documentTitle": "Canadian Tire Corporation (CTC.A)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-05 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 57,
  "pageCount": 108,
  "prevPage": 56,
  "nextPage": 58,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 5,
  "notes": "Uses red callout boxes to map specific risks to corresponding legal/financial text excerpts.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "screenshot"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-d4565c313b68/57",
  "deckHref": "/decks/019dd923-622c-750b-8b98-d4565c313b68",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-d4565c313b68.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-d4565c313b68#slide-57",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.33,
        "x": 0.02,
        "y": 0.615
      },
      "kind": "callout",
      "text": "MUST purchase defaulted loans",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "60bcd363-3a41-42cb-8e6d-340667e8e76a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.33,
        "x": 0.02,
        "y": 0.48
      },
      "kind": "callout",
      "text": "Not all Dealer loans are secured",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a32f3c96-628f-43f7-9f5e-cd66d3167f57",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.33,
        "x": 0.02,
        "y": 0.75
      },
      "kind": "callout",
      "text": "Canadian Tire must choose between increased financial exposure (more risk) or tarnishing the \"Canadian Tire\" reputation",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "be050aba-2521-44c8-8a28-c805a446f72c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.33,
        "x": 0.02,
        "y": 0.23
      },
      "kind": "callout",
      "text": "Canadian Tire is exposed to the risk of not receiving payment for inventory shipped. Canadian Tire is forced to finance for a period",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c3b81d90-2014-4318-9371-7b9a5c468603",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Canadian Tire would be significantly increasing its financial exposure. In the second case, [Dealer] would likely stop ordering inventory, stock would be depleted, customer needs for products would go unfulfilled, and the Canadian Tire brand and reputation would suffer. I accept the concern of Canadian Tire as valid. — Canadian Tire Dealer Bankruptcy Filing",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-ee3b-7248-a1a2-349e4bf51201",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.7,
        "w": 0.58,
        "x": 0.41,
        "y": 0.185
      },
      "kind": "table",
      "text": "Excerpts from Canadian Tire Dealer Bankruptcy Filing",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ac5ccf66-9cd0-40c0-8759-7b8d438a9343",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.6,
        "x": 0.305,
        "y": 0.03
      },
      "kind": "title",
      "text": "Dealers Do Default: Financial And Reputational Risk to CTC",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ab3c843d-06f8-4857-9b07-653a191dd12d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "957c70ce-7f38-4ec5-a238-5cd3f7a49b14",
      "evidence": "The slide explicitly links financial data to reputational risk and potential bankruptcy outcomes to expose hidden liabilities.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}