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  "documentTitle": "TaskUs, Inc. (TASK)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2022-01-20 00:00:00",
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      "kind": "callout",
      "text": "TASK has been promoting its Latin America potential, notably Mexico since 2019. It talked of scaling to over 1,000 employees. Fast forward to 2021, its Mexico headcount is 40% below plan at 620...",
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      "text": "TASK has been promoting its Latin America potential, notably Mexico since 2019. It talked of scaling to over 1,000 employees. Fast forward to 2021, its Mexico headcount is 40% below plan at 620.",
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      "text": "headcount: 620",
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      "text": "When it comes to Latin America, the company... has its sights firmly set on Mexico, opening its first office in Baja North in late November 2018.",
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      "text": "\"When it comes to Latin America, the company, which already has nine partner centers in El Salvador, Nicaragua, Guatemala, and Colombia, has its sights firmly set on Mexico, opening its first office in Baja North in late November 2018.\" — Aaron Davis, TaskUs Director. \"We are excited to be operating in Latin America, a great complement to our global operations. Currently, our sights are focused on building up our presence in Mexico. We are looking to build out our facilities to house over 1,000 teammates to support our current client base, with room to support new business as well,\" he said. — Aaron Davis, TaskUs Director.",
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      "text": "Source: IPO Prospectus, p. 93",
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      "text": "Country/Employees/Percent table showing Mexico at 620 employees.",
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      "kind": "title",
      "text": "International Failures: Spotlight On Latin America",
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      "evidence": "The presentation estimates a 25% - 50% downside risk to TASK's share price and provides valuation tables to support this claim.",
      "position": 2,
      "objective": "Highlight the downside risk of investing in TASK",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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