{
  "docId": "019dd923-622c-750b-8b9b-307fbe895978",
  "docSlug": "f2f1130837d1",
  "documentTitle": "Target Corporation (TGT)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2008-11-19 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 46,
  "pageCount": 80,
  "prevPage": 45,
  "nextPage": 47,
  "slideType": "propose_solution",
  "function": "propose_solution",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "callout_box",
    "process_diagram"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-307fbe895978/46",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-307fbe895978",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-307fbe895978.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-307fbe895978#slide-46",
  "components": [
    {
      "bbox": {
        "h": 0.11,
        "w": 0.88,
        "x": 0.06,
        "y": 0.2
      },
      "kind": "callout",
      "text": "For investors with a longer-term view, the Revised Transaction offers explosive potential upside in 2010E and beyond",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e0b6640d-e70c-479c-b252-7f7f58839362",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.35,
        "x": 0.13,
        "y": 0.495
      },
      "kind": "diagram",
      "text": "Improved retail sales",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "10b149eb-f757-4752-b9f5-5637d62e1c92",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.35,
        "x": 0.13,
        "y": 0.74
      },
      "kind": "diagram",
      "text": "Heightened inflation expectations",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "46ec5f22-5665-4245-95ea-4a010ec5b023",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.35,
        "x": 0.08,
        "y": 0.375
      },
      "kind": "paragraph",
      "text": "A turn in the economy would lead to",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2b4e4761-f736-4842-9f1f-20e66fb93f1a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.3,
        "x": 0.6,
        "y": 0.74
      },
      "kind": "paragraph",
      "text": "Increased demand for TIP REIT, given inflation-protected income stream",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6638017f-3338-4380-ac5f-cf6f29d1ab27",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.3,
        "x": 0.6,
        "y": 0.46
      },
      "kind": "paragraph",
      "text": "Potentially explosive earnings growth at Target Corp, particularly given recent expense reductions",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "67ca89ec-2fd6-4a5b-b1ad-65e3382b3c7d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.42,
        "x": 0.04,
        "y": 0.09
      },
      "kind": "title",
      "text": "Fast Forward: 2010E and Beyond",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0801b084-15e4-40f9-b896-e145dec1d5dd",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "causal-chain",
      "slug": null,
      "matchId": "d46d5a01-da14-4fbb-aedd-3ef2644424ac",
      "evidence": "The slide uses arrows to link economic turns to specific investment outcomes.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}