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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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  "authorName": "William Ackman",
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      "text": "EBIT margin of ~9% versus management's medium-term target of 12% and Home Depot's current EBIT margin of ~14.5%",
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      "text": "Potential to both improve margins and accelerate same-store-sales-growth; EBIT margin of ~9% versus management's medium-term target of 12% and Home Depot's current EBIT margin of ~14.5%; Lowe's Analyst Day targets implies more than $10 of earnings per share over the next few years",
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      "text": "Improving customer service and product merchandising; Reducing structural costs and achieving labor efficiencies; Modernizing IT systems and enhancing omnichannel capabilities; Investing in expanded distribution capabilities; Issues related to legacy pricing systems reduced gross margins",
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