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  "documentTitle": "Juniper Networks (JNPR)",
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  "authorName": "Elliott Management",
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  "presentationDate": "2014-01-13 00:00:00",
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  "notes": "The slide uses a 'villain' framing by highlighting consistent underperformance across all benchmarks.",
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      "kind": "callout",
      "text": "Juniper is unique in that it has such material and consistent underperformance across benchmarks but also possesses such readily apparent and implementable levers to drive long-term shareholder value",
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      "text": "Juniper is unique in that it has such material and consistent underperformance across benchmarks but also possesses such readily apparent and implementable levers to drive long-term shareholder value.",
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      "text": "total return: (121%)",
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      "text": "Source: Bloomberg. Represents total return including dividends. 1. November 4, 2013 represents the last day before Elliott's purchase of material amounts of JNPR shares began. 2. Since June 25, 1999, the first day of trading for JNPR's shares. 3-7. Peer definitions.",
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      "text": "By any objective measure, over any relevant time period and against any pertinent benchmark, Juniper's shares have significantly underperformed",
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      "text": "Juniper's Severe and Prolonged Stock Price Underperformance",
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