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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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  "pageNumber": 77,
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  "notes": "Uses Wayback Machine screenshots to highlight missing product categories.",
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      "kind": "callout",
      "text": "Fast forward to today, Neilson's website shows no yogurts, non dairy creamers, juices or drinks. There is also recent evidence of SKU decline in flavoured milks and creams.",
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      "kind": "image",
      "text": "Historical vs current product lists for Flavoured Milk and Creams",
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      "kind": "paragraph",
      "text": "Spruce Point also finds evidence of product shrinkage at Saputo's Neilson Dairy brand. Saputo acquired the company in 2008... Fast forward to today, Neilson's website shows no yogurts, non dairy creamers, juices or drinks.",
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      "kind": "quote",
      "text": "Saputo completes acquisition of the activities of Neilson Dairy — press release",
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      "text": "Source: Way back Machine / Neilson website",
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      "kind": "title",
      "text": "Example of Product Offering Decline: Neilson Dairy",
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