{ "docId": "019dd923-622c-750b-8b9b-38d8804ef6d4", "docSlug": "7d738951d1e5", "documentTitle": "General Growth Properties (GGWPQ)", "authorId": "01_Pershing_Square", "authorName": "Pershing Square", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2009-05-27 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 28, "pageCount": 68, "prevPage": 27, "nextPage": 29, "slideType": "ceo_quote", "function": "preempt_rebuttal", "density": "dense", "nDataPoints": 1, "notes": "The slide uses a Q&A format to address potential investor skepticism regarding bankruptcy recovery.", "elementsJson": [ "headline_text", "quote_block" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-38d8804ef6d4/28", "deckHref": "/decks/019dd923-622c-750b-8b9b-38d8804ef6d4", "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-38d8804ef6d4.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-38d8804ef6d4#slide-28", "components": [ { "bbox": null, "kind": "callout", "text": "Well, quite simply, Amerco has more assets than liabilities.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-14d7-73fd-9f50-46cb38b3b8a8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.4, "x": 0.17, "y": 0.79 }, "kind": "paragraph", "text": "Joe Shoen, Amerco CEO, Q4’03 Conference Call Transcript", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fb5c34c9-1e59-4920-bd95-794da56fff93", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.72, "x": 0.14, "y": 0.26 }, "kind": "quote", "text": "Analyst Question: “How can there be any value left for shareholders under your plan when in almost every bankruptcy stockholders receive no recovery? Have creditors signed on to your plan for a full recovery?”", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "022d8697-3a10-465e-ae56-295a0beef26f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.72, "x": 0.14, "y": 0.44 }, "kind": "quote", "text": "Answer: “Well, quite simply, Amerco has more assets than liabilities. Real estate appraisals showed the market value of Amerco’s unencumbered owned real estate is $550 million higher than stated book value. Two of four major creditor groups have agreed to our plan and we’re working with the remaining persons to get agreement to our plan.”", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "69b08850-10e8-499a-86c0-41d050514260", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“How can there be any value left for shareholders under your plan when in almost every bankruptcy stockholders receive no recovery? Have creditors signed on to your plan for a full recovery?” — Analyst Question; “Well, quite simply, Amerco has more assets than liabilities. Real estate appraisals showed the market value of Amerco’s unencumbered owned real estate is $550 million higher than stated book value. 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