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  "documentTitle": "Prestige Consumer Healthcare Inc. (PBH)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-06-30 00:00:00",
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  "notes": "Uses a comparison table to highlight shared negative traits between a past failed company and the current target.",
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      "text": "In February 2013, Prescience Point Research Group, Co-Founded by Spruce Point’s Founder and Chief Investment Office Ben Axler, published a “Strong Sell” recommendation on Boulder Brands (NASDAQ: BDBD). Over the next 2 years BDBD shares fell over 50% before being acquired at a discount to BDBD’s share price before the report.",
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      "text": "In our opinion, Prestige shares many of the same accounting and financial strains that foreshadowed Boulder's collapse.",
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      "text": "Boulder Brands Share Price",
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      "text": "Prestige Brand's current CFO was the former CFO of Boulder Brands, another consumer product focused roll-up touting growth, but ultimately collapsed upon disappointment and an unexpected impairment. Since becoming CFO, Christine Sacco has recruited multiple members of her Boulder team to Prestige. In our opinion, Prestige shares many of the same accounting and financial strains that foreshadowed Boulder's collapse.",
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      "text": "Source: Spruce Point analysis, Bloomberg",
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