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  "documentTitle": "Arconic Inc. (ARNC)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
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  "presentationDate": "2017-04-11 00:00:00",
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  "nDataPoints": 21,
  "notes": "The chart highlights that Arconic's asset age is better than the peer median, contradicting the potential excuse of an 'old asset base'.",
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      "kind": "callout",
      "text": "Arconic cannot hide behind an old capital base. The Company has a recently refreshed capital stock that is younger than that utilized by most competitors",
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      "text": "Bar chart showing remaining depreciable life across 21 companies",
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      "text": "asset age: 10.3",
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      "text": "Source: Capital IQ; Arconic 2016 10-K. Note: PCC, Doncasters and Accuride are based on 2015 results",
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      "text": "Poor Underlying Performance: Arconic Cannot Hide Behind an Old Asset Base",
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