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  "documentTitle": "Pershing Square Portfolio (multi-position annual update)",
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  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2015-01-29 00:00:00",
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  "notes": "The slide uses a red box to highlight the delta in growth, emphasizing the negative trend.",
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      "kind": "callout",
      "text": "Organic operating performance has begun to deteriorate led by Herbalife’s most mature markets",
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      "text": "Worldwide Volume Points YoY Growth Over Time (%)",
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      "text": "YoY Volume Points Growth: 0%",
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      "text": "Source: Herbalife financial statements. Q4'E based on the midpoint or Herbalife guidance as reported November 3rd, 2014.",
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      "kind": "title",
      "text": "Operating Performance has Turned the Corner",
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