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  "docSlug": "6ceec0b99264",
  "documentTitle": "WD-40 Company (WDFC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-04-02 00:00:00",
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  "pageNumber": 19,
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  "notes": "Uses a 'CEO Quote vs Reality' structure to undermine company narrative.",
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      "kind": "callout",
      "text": "WD-40 has been touting its new product marketed to the recreational vehicle (RV) industry. Unfortunately, the RV market has grinded to a halt with numerous component and manufacturers suspending production.",
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      "kind": "paragraph",
      "text": "WD-40 has been touting its new product marketed to the recreational vehicle (RV) industry. Unfortunately, the RV market has grinded to a halt with numerous component and manufacturers suspending production.",
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      "kind": "quote",
      "text": "The great thing about our end users is the variety of our end users......Our lifestyle products like 3-IN-ONE, our new range of 3-IN-ONE RV products that are helping RV and camper -- people, campers, keep their equipment in good condition.",
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      "kind": "quote",
      "text": "Winnebago Industries, Inc. (Nasdaq:WGO) today announced it will be temporarily suspending most production activities at the Company's Winnebago, Grand Design RV, Newmar, and Chris-Craft facilities.",
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      "kind": "quote",
      "text": "As the coronavirus pandemic continues to evolve, Thor remains focused on the safety of its employees... Thor is today announcing the temporary suspension of all of its production in North America.",
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      "kind": "quote",
      "text": "In an effort to protect the health and safety of its team members... LCI Industries will temporarily suspend production at select manufacturing facilities across the U.S. and Europe.",
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      "kind": "quote",
      "text": "\"The great thing about our end users is the variety of our end users......Our lifestyle products like 3-IN-ONE, our new range of 3-IN-ONE RV products that are helping RV and camper -- people, campers, keep their equipment in good condition.\" — CEO Ridge, Shareholder Meeting Dec 2019; \"As the coronavirus pandemic continues to evolve, Thor remains focused on the safety of its employees... Thor is today announcing the temporary suspension of all of its production in North America.\" — Bob Martin, President and CEO of Thor Industries; \"In an effort to protect the health and safety of its team members... LCI Industries will temporarily suspend production at select manufacturing facilities across the U.S. and Europe.\" — Jason Lippert, LCI Industries' President and Chief Executive Officer; \"Winnebago Industries, Inc. (Nasdaq:WGO) today announced it will be temporarily suspending most production activities at the Company's Winnebago, Grand Design RV, Newmar, and Chris-Craft facilities.\" — Winnebago Industries",
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      "kind": "title",
      "text": "Growth End Markets Such As RVs Suspended",
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