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  "documentTitle": "Caesarstone Ltd. (CSTE)",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-06-15 00:00:00",
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  "notes": "Includes a table snippet of agent data and a map graphic showing Silestone's agent count.",
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      "text": "Our channel checks demonstrated that a good percentage of these agents do not sell, or in some instances, have never sold Caesarstone, which raises the question why they were ever recorded as reseller agents in the first place.",
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      "text": "Figure 8 Silestone Registered Agents as of April 20, 2017",
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      "text": "Figure 7 Caesarstone Agents Downloaded as of 16 March 2016",
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      "text": "CSTE has more than tenfold the number of alleged registered reseller agents compared to the likes of Silestone. CSTE’s agent count is circa 4,050, whereas Silestone’s is a mere 368 (Fig 2). Silestone list outlets such as Home Depot and Lowe’s.",
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      "text": "CSTE's raw ingredient costs were previously exposed by Spruce Point as being materially higher than what was disclosed. This is compounded by increased competition in top line sales and a decreasing average selling price, reinforced by new and existing competitors expanding and/or entering the North American Market.",
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      "text": "Our channel checks demonstrated that a good percentage of these agents do not sell, or in some instances, have never sold Caesarstone, which raises the question why they were ever recorded as reseller agents in the first place.",
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      "kind": "paragraph",
      "text": "Of those alleged registered agents/suppliers contacted, there was a theme. A significant number of contractors would entice and promote other products including granite, on the merits of quality, price point, and/or not being a Caesarstone agent.",
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      "text": "19 https://www.silestoneusa.com/where-to-buy/",
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      "text": "What is the real number of reseller agents in Caesarstone’s network?",
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