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  "documentTitle": "Intuit Inc. (INTU)",
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      "text": "We believe Intuit's core franchises do not deserve the current 11x multiple. But even if you assume that valuation AND ascribe the other segments the highest possible comparable multiple, we still see potential 21% downside.",
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      "text": "We believe Intuit’s core franchises do not deserve the current 11x multiple. But even if you assume that valuation AND ascribe the other segments the highest possible comparable multiple, we still see potential 21% downside.",
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      "text": "The sum of Intuit's parts is dramatically less than the current whole. We don't believe any Intuit revenue stream deserves the current 11x multiple based on virtually any reasonable, or even aspirational, comparable company analysis.",
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