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  "documentTitle": "Broadridge Financial Solutions, Inc. (BR)",
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  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-09-28 00:00:00",
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  "notes": "Uses a classic 'Promotion vs. Reality' framing to undermine corporate narrative.",
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      "text": "We estimate it will take 71 – 83 years to recoup its total investment in the project, assuming no other clients",
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      "text": "Since 2018, a mismanaged project... We estimate over $1.0 – $1.25 billion of costs incurred... UBS annual revenue potential is at best $70 million... advisors have declined by approximately 11%... take 71 – 83 years to recoup...",
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      "text": "recoupment period: 71-83 years",
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      "text": "Spruce Point Reality",
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      "text": "\"Working with UBS, the largest global wealth manager, is a major milestone in creating the wealth management platform of the future,\" said Tim Gokey, President and COO of Broadridge.",
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      "text": "Source: Broadridge Press Release",
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