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  "documentTitle": "Broadridge Financial Solutions, Inc. (BR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-09-28 00:00:00",
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  "pageNumber": 73,
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  "notes": "Includes a valuation table and a list of bearish factors.",
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      "text": "We believe BR is a misunderstood company that has a mediocre and capital-intensive business process outsourcing business... we have troubling evidence to indicate problematic accounting and that the SEC may be actively investigating Broadridge.",
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      "text": "Factors Favoring Below Industry Multiple",
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      "text": "Implied Share Price: $37.22",
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      "text": "We See Over 65% - 75% Downside Risk To BR",
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