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  "documentTitle": "Saputo Inc. (TSX:SAP)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "Spruce Point believes Saputo is struggling to grow its branded sales given significant private label discounting. Saputo does not break out branded sales vs private label. Private label dominates the dairy category in the U.S. and U.K. Spruce Point believes overtime Saputo will become a glorified contract manufacturer and private label business.",
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