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  "docSlug": "207d3ac66ddd",
  "documentTitle": "Canadian Tire Corporation (CTC.A)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-05 00:00:00",
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      "kind": "callout",
      "text": "An Antiquated And Structurally Non-Competitive Brick And Mortar Retailer With No Clear Focus And No Competitive Advantage",
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      "text": "CTC's retail footprint consists of Canadian Tire, Mark's and FGL Sports banner stores... The 4 P's of marketing suggest that CTC is at a clear disadvantage... Don't Bet On Botched Acquisitions Saving CTC.",
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      "text": "downside risk: 35%-50%",
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      "text": "Spruce Point has significant concerns about Canadian Tire (TSE: CTC or “the Company”), one of the largest retailers in Canada. Canadian Tire is a challenged brick-and-mortar retailer perceived as a dependable mid-single-digit grower on an increasingly precarious foundation of unsustainable debt.",
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      "text": "Spruce Point Is Short Canadian Tire (TSE: CTC) And Estimates 35%-50% Downside Risk",
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