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  "docSlug": "aeaf881b8cf7",
  "documentTitle": "Construction Partners, Inc. (ROAD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-01-23 00:00:00",
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  "pageNumber": 60,
  "pageCount": 70,
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  "slideType": "preempt_rebuttal",
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  "density": "dense",
  "nDataPoints": 12,
  "notes": "The slide uses a table to list analyst ratings and a pie chart to visualize the 50/50 split between Buy and Neutral ratings.",
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      "kind": "callout",
      "text": "ROAD's story is followed by a roster of lower-tier brokers whom we believe have failed to conduct a rigorous forensic analysis that challenges the glowing narrative being spun by the Company. Despite a consensus price target of $103 per share (implying 11% upside), there is a divided rating opinion between Buy and Neutral.",
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      "kind": "callout",
      "text": "ROAD's story is followed by a roster of lower-tier brokers whom we believe have failed to conduct a rigorous forensic analysis that challenges the glowing narrative being spun by the Company.",
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      "text": "Rating Distribution pie chart showing 50% Buy and 50% Neutral",
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      "text": "Price Target: $103",
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      "kind": "source-note",
      "text": "Source: Bloomberg and Spruce Point analysis",
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      "kind": "table",
      "text": "Analyst, Recommendation, Price Target table including Thompson, Raymond James, Baird, D.A. Davidson",
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      "text": "We See A Poor Risk / Reward Owing ROAD",
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      "evidence": "The deck concludes with an estimate of 35-50% downside risk and a call to action for investors.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
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      "name": "Cost Of Inaction",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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