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  "documentTitle": "Canadian Pacific Railway (CP)",
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  "authorName": "William Ackman",
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  "presentationDate": "2012-02-06 00:00:00",
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      "text": "Lower profitability limits CP's capital investment, particularly during recessions, further eroding efficiency and its competitive position",
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      "text": "Underinvesting during recession when steel prices, crew costs, and opportunity costs of closing track are lowest",
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      "text": "Source: Company filings.",
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      "text": "Underinvestment Further Erodes Prospects",
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