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  "documentTitle": "Avery Dennison Corporation (AVY)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "presentationDate": "2020-11-10 00:00:00",
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      "text": "Despite our clear concerns and evidence that Avery is under increasing pressure, its one year forward EBITDA and EPS multiples have expanded over the past decade and are near all-time highs.",
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      "text": "valuation multiples: 21.25x",
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      "text": "Source: Bloomberg",
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      "text": "Forward Valuation Continues To Increase",
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