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  "documentTitle": "Fortune Brands Home & Security (FBHS)",
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  "authorName": "William Ackman",
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  "presentationDate": "2011-10-18 00:00:00",
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      "text": "Masterlock is a great business with a strong marketplace position, stable cash flows, minimal capex requirements and good growth potential in adjacent categories",
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      "text": "Manufactures Masterlock padlocks and Waterloo storage products; Historically stable demand in core padlock market; FBHS exploring opportunities to expand Masterlock brand through acquisitions; Good potential to grow in adjacent categories",
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