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  "documentTitle": "Amcor plc (pro forma Amcor-Berry Global combination) (AMCR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-03-10 00:00:00",
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      "text": "If we applied Westrock and its closest peers sales multiple of 1.0x – 1.2x to Amcor, it’s easy to justify 40% – 60% downside risk to Amcor’s share price.",
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      "text": "Few Shareholder Benefits Created By Dual Listing And Slanted Analyst Base: A Poor Risk/Reward Investment Opportunity: Management's 'flow-forward' narrative is contradicted by selling pressure, analyst bias, and unrealistic growth targets.",
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      "text": "Poor Insider Alignment And Corporate Governance Practices: Amcor's transformation has left it behind best practices, with low insider ownership, questionable vesting changes, and misaligned performance benchmarking.",
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      "text": "downside: 40% - 60%",
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