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  "documentTitle": "Pershing Square Portfolio (multiple positions)",
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  "authorName": "Pershing Square",
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  "presentationDate": "2015-04-28 00:00:00",
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  "notes": "The slide uses a red box to highlight North America and Mexico as the primary drivers of the decline.",
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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": "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: (6%)",
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      "text": "Source: Herbalife financial statements. Q1'15E based on the midpoint or Herbalife guidance as reported February 26th, 2015.",
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      "text": "Q4 Volume Points YoY Growth Comparison (%) table",
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      "text": "Operating Performance has Turned the Corner",
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