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  "docSlug": "0cee9cc55960",
  "documentTitle": "Generac Holdings, Inc. (GNRC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-06-22 00:00:00",
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  "pageNumber": 101,
  "pageCount": 145,
  "prevPage": 100,
  "nextPage": 102,
  "slideType": "expose_contradiction",
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  "notes": "The slide uses a 'before-after' visual comparison to challenge the company's public narrative regarding dealer recruitment health.",
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      "kind": "callout",
      "text": "Generac recently increased its cash rebate incentives from $600 to $1,000 to sign-up for first time installers. Why would Generac increase incentives if it were having no issues recruiting installers? Even with increased incentives, dealer growth slowed.",
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      "kind": "image",
      "text": "2020 Rebate Offer",
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      "kind": "image",
      "text": "2022 Rebate Offer",
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      "kind": "source-note",
      "text": "Source: PWRcell Welcome Offer",
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      "kind": "source-note",
      "text": "Source: Facebook",
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      "kind": "title",
      "text": "Dealer Incentives Increasing",
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      "evidence": "Comparison of 2020 vs 2022 rebate offers to show a trend and imply a contradiction.",
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