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  "documentTitle": "WD-40 Company (WDFC)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2020-04-02 00:00:00",
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  "notes": "Uses red arrows to visually track the removal of Venezuela, Iran, and Columbia from the 2020 chart.",
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      "kind": "callout",
      "text": "Venezuela, Iran and Columbia no longer attractive?",
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      "text": "Spruce Point does not take WD-40's global ambitions credibly. The Company last year suggested it had opportunities in Venezuela, Iran, and Columbia. This year, these countries are conspicuously absent from the list.",
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      "text": "global market opportunity: $1.0B",
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      "text": "Spruce Point does not take WD-40's global ambitions credibly. The Company last year suggested it had opportunities in Venezuela, Iran, and Columbia. This year, these countries are conspicuously absent from the list.",
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      "text": "Source: WD-40 Corporate Presentation, Feb 2020",
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      "text": "Rolling Back Int'l Growth Potential",
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