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  "docSlug": "7928eb40991c",
  "documentTitle": "Monster Beverage Corp. (MNST)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-04-08 00:00:00",
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  "notes": "The slide uses color-coding (orange) to highlight specific cells where restatements occurred, contrasting them with original 2021 data.",
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      "kind": "callout",
      "text": "While we acknowledge that revisions to the PP&E accounts were small, they were not called out or highlighted by Monster, but rather had to be identified by a careful comparison of the 2021 and 2022 10-Ks.",
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      "kind": "metric",
      "text": "PP&E: $1,342.2",
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      "text": "While we acknowledge that revisions to the PP&E accounts were small, they were not called out or highlighted by Monster, but rather had to be identified by a careful comparison of the 2021 and 2022 10-Ks.",
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      "text": "Source: MNST SEC filings",
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      "text": "PP&E Accounts table showing 2019-2024 data with 2021 restatements highlighted.",
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      "kind": "title",
      "text": "Stealth PP&E Revisions Are Concerning",
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