Matching slides 79,264
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The slide uses a sum-of-the-parts approach separating Argentina from the Rest of World.Saputo Inc. (TSX:SAP) · Spruce Point Capital Management
Activist deck Short seller 1 hit
08
The slide uses a high-contrast red-bordered box to highlight the core thesis, followed by a supporting narrative block.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · Complication1 hit
09
The slide uses a sidebar for key themes and a main body for detailed forensic evidence.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · Complication1 hit
13
This is a classic activist short thesis slide, framing the company as a 'villain' through a comprehensive list of failures.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The MonsterLoop · Aha Moment1 hit
15
The chart compares WTRG stock price against its own debt and a corporate bond index to illustrate the 'disconnect'.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Monster1 hit
18
Uses a timeline-like structure to show corporate evolution alongside a testimonial to suggest the acquisition was a 'solution' to underlying financial problems.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Monster1 hit
22
The slide uses red text to highlight negative growth metrics, emphasizing the 'troubles' thesis.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle1 hit
23
The slide uses a screenshot of a company's previous presentation to expose that they have stopped reporting data that now contradicts their narrative.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle1 hit
25
The slide uses a visual comparison to highlight a change in guidance methodology.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle1 hit
26
The slide uses a table to show historical data points and quotes to highlight the shifting definitions.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle1 hit
27
The table highlights a shift from high deal velocity (2000-2014) to low velocity (2021-2022).Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle1 hit
31
The slide uses two charts to show the growth of debt and cumulative capital raised over time.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The StruggleLoop · Iceberg1 hit
32
The slide uses a dual-callout structure to point out specific trends in the cumulative line chart.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The StruggleLoop · Iceberg1 hit
33
The slide uses a comparison table to show peer differentiation and a financial table to show the impact of book overdrafts on net cash.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The StruggleLoop · Iceberg1 hit
34
Uses direct quotes from company filings and conference calls to expose the gap between guidance and reality.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle1 hit
36
The slide uses a combination of quantitative data (table) and qualitative evidence (interview quote) to expose the negative impact of the company's rate-setting strategy.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle1 hit
38
Includes a screenshot of an email request and a data table showing 2018-2020 metrics.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle1 hit
40
The slide highlights the loss of WTRG's local advantage due to increased market competition.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle1 hit
41
The slide uses a table to show the trend of short-term debt vs total debt over time, culminating in a callout arrow emphasizing the trend.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
42
Uses a table to demonstrate the impact of reclassifying book overdrafts on OCF margins.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
44
The slide uses a combination of narrative text (company's own disclosures) and a table of specific executive departures to build a case for management instability.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
49
Uses a before-after comparison of growth projections to highlight a discrepancy in company guidance.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
50
The slide uses red highlighting to call out specific data points that the author claims are inconsistent or problematic.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
51
The slide uses a combination of a financial table and a bar chart to highlight the outlier status of WTRG's bad debt reserves.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
55
The slide highlights a specific accounting disclosure from WTRG's 2022 10-K, calling out questionable assumptions with red underlines and a critical callout box.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
58
The slide uses a yellow arrow graphic at the bottom to visually emphasize the trend of declining earnings quality.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
61
Uses red arrows and boxes to highlight discrepancies between reported connection counts and acquisition press releases.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
63
Uses a waterfall chart to visualize the revenue bridge and highlights specific data points in red to emphasize the contradiction.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
64
Uses a table to contrast volume growth against revenue contribution, pointing to a price chart as evidence of the anomaly.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit
65
Includes a specific callout regarding a PUC audit report and a visual question mark highlighting the anomaly.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 1 hit