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  "docSlug": "107b8759d6ac",
  "documentTitle": "Lowe's Companies, Inc. (LOW)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2011-11-08 00:00:00",
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  "density": "dense",
  "nDataPoints": 15,
  "notes": "The slide uses a bar chart to illustrate recovery potential relative to a historical peak.",
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      "kind": "callout",
      "text": "Sales/ft² is still 25% below 2005 peak levels six years later. We believe sales/ft² could increase materially by 2015 and still be meaningfully below inflation-adjusted peak levels reached in 2005",
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      "kind": "chart",
      "text": "LTM, 2015E Low, Mid, High, 2005 Peak",
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      "kind": "disclaimer",
      "text": "Note: Inflation-adjusted peak based on a 1% to 2% annual inflation rate.",
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      "text": "Sales/ft²: $328",
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      "kind": "table",
      "text": "2012E to 2015E Same-Store Sales CAGR, % of 2005 Peak, % of 2005 Inflation-Adjusted Peak",
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      "kind": "title",
      "text": "Sales/ft²",
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      "evidence": "The presentation offers a solution by highlighting Lowe's competitive advantages and potential for growth.",
      "position": 1,
      "objective": "What is the potential for quick wins and big bets in investing in Lowe's?",
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