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  "documentTitle": "The Procter & Gamble Company (PG)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2013-05-08 00:00:00",
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  "notes": "The chart highlights P&G in a lighter blue color compared to the darker blue used for peers.",
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      "text": "Even if P&G is unable to achieve its underlying earnings potential, we believe there is little downside in the stock as it trades at a discount to peers, despite having the largest cost opportunity in the sector",
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      "text": "CY 2013 P/E Multiples",
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      "text": "Note: CY 2013E EPS per CapIQ.",
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      "text": "Valuation: Limited Downside",
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