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  "documentTitle": "TaskUs, Inc. (TASK)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-01-20 00:00:00",
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  "notes": "The slide uses a 'preempt_rebuttal' style to frame the company's performance as 'fantastic' while highlighting specific financial beats.",
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      "kind": "callout",
      "text": "Increasing Cash Flow By Lowering Capex",
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      "text": "Going fwd 2022: \"Moving forward, we expect capital expenditures to approximate 3% of revenue.\"",
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      "text": "Adj EPS: 10%",
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      "text": "On January 18, 2022 Concentrix provided its full year 2021 financial results, and provided an outlook for 2022. The Company beat both quarterly revenue and EPS estimates, which came in at the high end of its guidance. Furthermore, Concentrix provided 2022E guidance well above street estimates with revenue growth of 9% - 12% that is above the underlying market. The Company has its Investor Day on January 25th and will provide more detail. The Company expects to focus on deleveraging the PK acquisition and the dividend in 2022 with added remove for stock repurchases.",
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      "text": "Going fwd 2022: “Moving forward, we expect capital expenditures to approximate 3% of revenue.”\nPrior 2021: “We continue to expect capital expenditures for the full year to be in the range of 3.5% to 4% of revenue.”",
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      "text": "“Moving forward, we expect capital expenditures to approximate 3% of revenue.” — Concentrix",
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      "text": "Source: Concentrix and Bloomberg consensus",
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      "text": "Q4 2021 and FY 2022E financial performance vs estimates",
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      "text": "Concentrix's Fantastic Q4 And 2022E Outlook",
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