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  "docSlug": "9250edf61831",
  "documentTitle": "MSCI Inc. (MSCI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-01-17 00:00:00",
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  "notes": "The slide uses a table to highlight the trend of dividend growth, specifically calling out the most recent 10.4% figure as a red flag.",
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      "text": "Spruce Point believes there is no better indicator of management's view on the growth and stability of cash flow potential than its dividend policy. We observe that after initiating a dividend in 2014, MSCI's annual dividend growth rate averaged 27.9%. The most recent increase of 10.4% marks a substantial deceleration and should put investors on red alert of challenges on the horizon.",
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      "text": "The most recent increase of 10.4% marks a substantial deceleration and should put investors on red alert of challenges on the horizon.",
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      "text": "dividend growth rate: 10.4%",
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      "text": "Source: MSCI Dividend History",
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      "text": "MSCI's Dividend Growth History table showing Annualized Dividend and % growth from 2014-2023",
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      "kind": "title",
      "text": "We Believe A Collapsing Dividend Growth Rate Signals Slowing Cash Flow Growth",
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