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  "documentTitle": "Broadridge Financial Solutions, Inc. (BR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "presentationDate": "2022-09-28 00:00:00",
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  "notes": "Uses red arrows to visually highlight the movement of specific risk factors in the list.",
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      "kind": "callout",
      "text": "Broadridge recently re-prioritized its risk factors noted under its \"Forward-Looking Statements.\" While we understand COVID-19 is less of risk today, we are surprised to see BR emphasize changes in laws and regulations as the top-listed risk.",
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      "text": "Broadridge recently re-prioritized its risk factors noted under its \"Forward-Looking Statements.\" While we understand COVID-19 is less of risk today, we are surprised to see BR emphasize changes in laws and regulations as the top-listed risk. See Appendix for more. In addition, it moved \"competitive conditions\" up two spots from last on its list prior to 2022.",
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      "text": "Source: FY 2022 Results, Aug 12, 2022",
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      "text": "Source: FY 2021 Results, Aug 12, 2021",
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      "text": "Comparison of risk factors between 2022 and 2020/2021",
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      "kind": "title",
      "text": "Very Recent Update To Forward Looking Statements",
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