{
  "docId": "019de06f-348e-73d8-928d-dae890b6fefa",
  "docSlug": "026aa39efc5ddd02b246ab06000ae2aa",
  "documentTitle": "Pershing Square | Activist Presentation Deck | 31 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2008-05-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 28,
  "pageCount": 31,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "sparse",
  "nDataPoints": 7,
  "notes": "The chart highlights the valuation gap between Wendy's and its peers, suggesting that the market is undervaluing Wendy's.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-348e-73d8-928d-dae890b6fefa/28",
  "deckHref": "/decks/019de06f-348e-73d8-928d-dae890b6fefa",
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  "deckAnchorHref": "/decks/019de06f-348e-73d8-928d-dae890b6fefa#slide-28",
  "components": [
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      "kind": "chart",
      "text": "Bar chart showing multiples for Wendy's (standalone, combined no savings, combined with savings) vs peers (Yum, McDonald's, Burger King, Sonic)",
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      "subkind": "bar-vertical",
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      "kind": "title",
      "text": "Comparables Are Trading at over 10x '08E EBITDA",
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      "kind": "title",
      "text": "EV / 2008E EBITDA Multiples",
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      "evidence": "Comparing subject company valuation multiples against a peer group.",
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      "beatId": "cc27e7af-09a0-4040-a26c-8933c2e954a3",
      "arcName": "Problem-Agitate-Solution",
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      "evidence": "The deck presents a solution by valuing Wendy's standalone and as a combination with Arby's",
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      "parentBeatSlug": "resolution"
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