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  "documentTitle": "Huntsman Corporation (HUN)",
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  "notes": "Uses a 'failed' stamp visual to emphasize the contradiction between management guidance and actual performance.",
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      "text": "Huntsman has a track record of failing to deliver on its commitments.",
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      "text": "Four rows of quotes from Dec 2014, Feb 2015, Apr 2015, and Feb 2016, each marked with a 'FAILED' callout.",
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      "text": "Over the years, the Company has made a series of optimistic pronouncements that have not come to fruition.",
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      "text": "\"Our LTM is about $1.4 billion. We have an objective to go to $2 billion of EBITDA. Many of our businesses are sort of at that level...But really, on track we think near term to get to that $2 billion of EBITDA.\" — Kimo Esplin, CFO; \"I would say that we should quite soundly beat the projections that we gave for the $2 billion. Again, we still have a great deal of confidence in the $2 billion number...I think that when we look at the overall composite, we still feel very confident about that.\" — Peter Huntsman, President & CEO; \"About a year ago, at our Investor Day, we introduced to the market our near-term EBITDA target of $2 billion. We believed that we could achieve this number in the next two to three years...we continue to target a $2 billion run rate in 2017.\" — Peter Huntsman, President & CEO; \"If we look at our business without our existing Ti02 division, we would be looking at 2016 as a record year for...EBITDA margins, a materially different and stronger company than we what we have today.\" — Peter Huntsman, President & CEO",
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      "text": "Source: Public company filings, presentations, and transcripts.",
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      "text": "The Company Has a Track Record of Overpromising and Failing to Deliver (cont'd.)",
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