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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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  "notes": "The slide uses red boxes to highlight the flat growth in dealer counts and QoQ growth metrics.",
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      "kind": "callout",
      "text": "Generac has recently been disclosing its Residential Dealer counts. We observe that its deal growth started to stall in the middle of 2021 and has been flat now for three quarters. All the while Generac's financial condition has been deteriorating.",
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      "kind": "metric",
      "text": "Residential Dealers: 8,100",
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      "kind": "source-note",
      "text": "Source: Generac conference calls, investor presentations, and SEC filings",
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      "kind": "table",
      "text": "Table showing Residential Dealers, YoY Growth, and QoQ Growth from 2017 to Q1 2022.",
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      "kind": "title",
      "text": "Residential Dealer Growth Slowing",
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      "arcName": "Overcoming the Monster",
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      "evidence": "Detailed analysis of Generac's financial strains",
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