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  "documentTitle": "GFL Environmental Inc. (GFL)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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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 dialogue format to present negative sentiment from former employees.",
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      "text": "\"Under the current management structure and people, no. I would never put a dime in there. If you could see a mature management in the industry, absolutely, there's an opportunity....I have no confidence at this point and time.\" — Former GFL Employee 1; \"There are two parts, U.S. and Canada. Canada is quite saturated and prices are competitive. Chances of making big profits in solid waste, are not going to happen. GFL's main money maker is the infrastructure business. I am less familiar with the U.S. side of the business. It's tough to say if GFL will make money in the next year or two.\" — Former GFL Employee 2; \"That's the wildcard in the GFL story, that's the gamble. Acquisitions play a key part to keep the momentum going. What happens when acquisitions stop? You need profitability. Can they turn around? Today they are not making money. That's a fact. I don't know if they can. They've acquired so rapidly.\" — Former Employee 3",
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      "text": "Insights From Calls With Former GFL Employees: Will GFL Make Money?",
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