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  "documentTitle": "GFL Environmental Inc. (GFL)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "Spruce Point finds it troubling that GFL restated results and did not notify investors of the change. The large increase of intercompany revenue, and boosting of Solid Waste segment results, is alarming in light of our research.",
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      "text": "GFL will play with its numbers. If one division is outperforming to forecasts, they'll transfer some of those dollars to a division that isn't performing so well to bolster those numbers.",
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      "text": "GFL will play with its numbers. If one division is outperforming to forecasts, they'll transfer some of those dollars to a division that isn't performing so well to bolster those numbers. An example would be between hauling and transfer stations. They'll allocate the repair/fuel/labor to truck repair and transfer, over to hauling to bolster either P&L to basically suit what the market is looking for. Should they do it, no, do they do it, yes. But that's not unique to GFL; GFL is aggressive. — Former GFL Employee",
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      "text": "Source: Q1 2020, F-15, Filed May 12, 2020",
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