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  "documentTitle": "GFL Environmental Inc. (GFL)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-08-18 00:00:00",
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  "notes": "The slide uses a 'hot potato' metaphor to suggest instability and poor quality of the asset being sold to public investors.",
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      "text": "GFL has been flipped around like a hot potato pancake among multiple owners, gone through five CFOs and on its fourth try, came public.",
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      "text": "GFL has been flipped around like a hot potato pancake among multiple owners, gone through five CFOs and on its fourth try, came public. Spruce Point believes GFL was in such need for new equity capital, that it finally IPO'ed in March 2020, one of the worst months, and least advantageous times to raise capital, ever for equities.",
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      "text": "Hot Potato Economics: Fourth Time Is A Charm To Sell Garbage To Public Investors",
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