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  "docSlug": "78ffe7ab28d4",
  "documentTitle": "Saputo Inc. (TSX:SAP)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-11-29 00:00:00",
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  "slideType": "expose_contradiction",
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  "density": "balanced",
  "nDataPoints": 6,
  "notes": "Uses a red flag icon to signal a warning/contradiction.",
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      "kind": "callout",
      "text": "We believe an observable indicator of Saputo's challenged organic growth comes from its disclosure of annual liters of milk processed into cheeses, dairy products and ingredients.",
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      "kind": "metric",
      "text": "Annual milk processed: 11.0",
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      "kind": "other",
      "text": "No Annual Growth arrow",
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      "kind": "source-note",
      "text": "1) BAR report at SEDAR discloses Murray Goulburn expects 2.0bn liters of milk intake in 2018",
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      "kind": "table",
      "text": "Saputo Milk Processing table showing annual milk processed from 2017-2022",
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      "kind": "title",
      "text": "Another Indicator: Processed Milk Is Stagnant",
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      "evidence": "Uses historical data reconstruction to expose lack of organic growth",
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      "name": "Cost Of Inaction",
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      "evidence": "The document presents specific examples of the risks associated with not taking action to address Saputo's challenges.",
      "position": 1,
      "objective": "To highlight the risks of not taking action to address Saputo's challenges, including declining performance and financial stress.",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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