{
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  "docSlug": "aef44a3ee32e69cd26e93f2f0aeb9260",
  "documentTitle": "Credit Suisse | Investment Banking Pitch Book | 20 slides",
  "authorId": "credit-suisse",
  "authorName": "Credit Suisse",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2017-11-01 00:00:00",
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  "pageNumber": 5,
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  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 50,
  "notes": "The slide uses a regression analysis to benchmark Osprey against commercial banks, mortgage REITs, and BDCs.",
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      "kind": "callout",
      "text": "Current after-tax 2018E ROAE (4.5%) implies P/TBV of 0.44x; Revised adjusted after-tax 2018E ROAE (5.4%) implies P/TBV of 0.59x; Current after-tax 2019E ROAE (4.8%) implies P/TBV of 0.50x; Revised adjusted after-tax 2019E ROAE (5.7%) implies P/TBV of 0.65x",
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      "kind": "chart",
      "text": "P/TBV vs. 2018E ROATCE / ROAE",
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      "kind": "source-note",
      "text": "Source: SNL Financial and FactSet. Note: Market data as of 11/17/17...",
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      "text": "Illustrative regression overview",
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      "text": "Selected commercial banks, mortgage REITs and BDCs",
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      "evidence": "Hypothetical impact of selected provisions in proposed tax legislation",
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      "name": "Cost Of Inaction",
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      "objective": "What are the potential costs of not addressing the proposed tax legislation?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "description": "Quantify what happens if the audience does nothing"
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