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  "documentTitle": "Houlihan Lokey | Investment Banking Pitch Book | 26 slides",
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  "authorName": "Houlihan Lokey",
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  "presentationDate": "2019-08-01 00:00:00",
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  "notes": "Includes detailed footnotes regarding projections, share counts, and cost savings assumptions.",
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      "kind": "callout",
      "text": "Poconos management estimates subject to further refinement",
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      "text": "1. Poconos projections per Poconos management. 2. Reflects (i) diluted share count... 3. Reflects Poconos management estimate... 4. Per Poconos management... 5. Excludes non-recurring... 6. Per shareholder roster... 7. Computed as...",
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      "text": "This stems from the recurring nature of the Company's assumed run-rate realized cost savings relative to smaller cost savings in CY 2019E.",
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      "text": "The Stock Splits are accretive to Poconos' adjusted EBITDA per share in CY 2020E and CY 2021E following more marginal accretion in CY 2019E.",
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