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  "documentTitle": "Saputo Inc. (TSX:SAP)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-11-29 00:00:00",
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  "notes": "The slide uses a red flag icon to highlight the negative trend for Saputo.",
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      "kind": "callout",
      "text": "Saputo has exhibited the largest increase in Days Inventory Outstanding (DIO) among its global set of dairy industry peers. Whereas its DIOs were below average, now they are above industry average. In fact, over the past 4 years, Saputo's DIO have increased by nearly 20 days.",
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      "text": "Days Inventory Outstanding: 19.8",
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      "text": "Source: Bloomberg",
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      "kind": "title",
      "text": "Days Inventory Outstanding Are Worsening",
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      "evidence": "Compares Saputo's DIO performance against a peer group of dairy companies.",
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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.",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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