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  "documentTitle": "Avery Dennison Corporation (AVY)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2020-11-10 00:00:00",
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      "text": "We believe Avery has grown so dependent on restructuring charges to perpetuate growth, that it has pivoted towards accounting manipulation",
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      "text": "Peter Barker, A Fixture on Avery's Audit Committee And Former Audit Chairman, Is Closely Associated With Many Companies And Individuals The SEC Has Investigated In Relation To Impairment Charges. His Biography Fails To Disclose These Connections",
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      "text": "Poor Risk / Reward With Analysts Having Boosted Targets To All-Time Highs Despite Glaring Signs of Stress And Headwinds Mounting",
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      "text": "Biggest Red Flag of Avery's Stress Is Its Repeated And Growing Restructuring Programs. The Restructuring Charge Accounts Don't Add Up",
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      "text": "Breakdown of Alignment Between Insiders And Shareholders Becoming More Evident",
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      "text": "downside: 35% - 55%",
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      "text": "Spruce Point Estimates 35% - 55% Downside ($68.00 - $99.00/share) For Avery Dennison",
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