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  "documentTitle": "Align Technology, Inc. (ALGN)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2020-04-09 00:00:00",
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  "notes": "The slide uses a collage of screenshots from dental practice websites to demonstrate widespread industry shutdowns.",
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      "text": "Spruce Point believes that - while, to date, most offices have announced closures only through April or May - Align is put at particular risk by the ongoing pandemic, and that investors have not yet properly taken the associated near-to-medium term risks into account.",
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      "text": "Orthodontic and dental offices have been effectively shut down across the US and abroad as the world continues to cope with the COVID-19 pandemic. ALGN shares have effectively traded in-line with the market as investors continue to bet on when the world begins to return to normal. However, Spruce Point believes that – while, to date, most offices have announced closures only through April or May – Align is put at particular risk by the ongoing pandemic, and that investors have not yet properly taken the associated near-to-medium term risks into account.",
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      "text": "Dental Practices Shut Down In Response To Pandemic – But Risks Could Linger On",
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