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  "documentTitle": "Generac Holdings, Inc. (GNRC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "presentationDate": "2022-06-22 00:00:00",
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      "text": "From the beginning, the SEC challenged Generac to give more disclosures about net sales, and to quantify price and volume effects. The SEC called Generac's revenue reporting \"general and vague.\"",
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      "text": "From the beginning, the SEC challenged Generac to give more disclosures about net sales, and to quantify price and volume effects. The SEC called Generac’s revenue reporting “general and vague.”(1) To this day, we believe it remains deficient in many best practice disclosure areas regarding sales. If the Company wants to be transparent it can start providing clearer disclosures around the following areas:",
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      "text": "\"general and vague.\" — SEC comment letter",
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      "text": "1) SEC comment letter, question #26",
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      "kind": "title",
      "text": "Generac Sales Disclosures Are Deficient. It Deserves A Valuation Discount For Lack of Transparency",
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