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  "documentTitle": "Alpha Metallurgical Resources, Inc. (AMR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-05-17 00:00:00",
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  "notes": "Uses a combination of a table for insider activity and a line chart with annotations to highlight historical parallels.",
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      "kind": "callout",
      "text": "AMR's CFO and management has a poor track record of capital allocation when it comes to dividends and share repurchases. Notably, during the last capital return policy in late 2017, not long before coal prices weakened and the stock price collapsed, insiders sold while the Company repurchased stock. Fast forward to today, AMR is once again returning capital and repurchasing stock, while insiders sell.",
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      "text": "AMR's CFO and management has a poor track record of capital allocation when it comes to dividends and share repurchases. Notably, during the last capital return policy in late 2017, not long before coal prices weakened and the stock price collapsed, insiders sold while the Company repurchased stock.",
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      "text": "On May 3, 2022, the Company's board of directors amended the share repurchase program adopted on March 4, 2022 to increase the aggregate amount the Company is permitted to repurchase from an aggregate amount of up to $150m to an aggregate amount of up to $600m of the Company's common stock. Additionally on May 3, 2022, the Company's board of directors adopted a dividend policy. Pursuant to this policy, the board intends to pay aggregate cash dividends of $1.50 per share of common stock per year. — Source",
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      "text": "Source: Bloomberg",
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      "text": "Insider Selling, Company Buying: History May Likely Repeat Itself....",
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