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Slide 1
The slide uses visual metaphors of rats and cockroaches to imply corruption or 'shady' business practices.MSCI Inc. (MSCI) · Spruce Point Capital Management
Activist deck Short seller Loop · Cost Of Inaction2 hits
50
Uses direct quotes to expose potential inconsistencies in corporate reporting regarding headcount growth.MSCI Inc. (MSCI) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose ContradictionLoop · Cost Of Inaction2 hits
102
Uses SEC filing excerpts to frame the resignation as a red flag.MSCI Inc. (MSCI) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose ContradictionLoop · Cost Of Inaction2 hits
74
The slide uses color-coded text (yellow highlights) to emphasize specific negative claims about Zillow and the industry landscape.Zillow Group, Inc. (Z) · Spruce Point Capital Management
Activist deck Short seller 2 hits
75
The slide uses a 'preempt_rebuttal' strategy by acknowledging the target's competence in a specific area to build credibility for the activist's thesis.Zillow Group, Inc. (Z) · Spruce Point Capital Management
Activist deck Short seller 2 hits
79
The slide uses highlighting and underlining to draw attention to specific contractual language changes.Zillow Group, Inc. (Z) · Spruce Point Capital Management
Activist deck Short seller 2 hits
84
The table highlights Zillow's high SBC/Adj. EBITDA ratio (115.3%) and SBC/Revenue ratio (23.2%) compared to the peer median.Zillow Group, Inc. (Z) · Spruce Point Capital Management
Activist deck Short seller 2 hits
01
Slide 1
The slide uses a visual metaphor of a train operator seeing a collision ahead to signal a 'Strong Sell' investment thesis.WSP Global Inc. (WSP) · Spruce Point Capital Management
Activist deck Short seller 2 hits
48
The slide uses red underlining to highlight specific text in the quoted excerpt from the WSP Annual Report.WSP Global Inc. (WSP) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose Contradiction2 hits
58
The slide uses a red box to highlight the former CEO's disproportionate ownership compared to other directors.WSP Global Inc. (WSP) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose Contradiction2 hits
16
Uses a waterfall-style bridge to visualize management's growth claims, which the activist then refutes.PowerSchool Holdings, Inc. (PWSC) · Spruce Point Capital Management
Activist deck Short seller 2 hits
29
The chart highlights the decline of PowerSchool (red line) relative to 'Others' (green line) and smaller competitors.PowerSchool Holdings, Inc. (PWSC) · Spruce Point Capital Management
Activist deck Short seller 2 hits
34
The slide uses a custom step-chart to illustrate the cumulative impact of various financial factors over time.PowerSchool Holdings, Inc. (PWSC) · Spruce Point Capital Management
Activist deck Short seller 2 hits
36
The slide uses a three-column layout to categorize districts by their financial outlook.PowerSchool Holdings, Inc. (PWSC) · Spruce Point Capital Management
Activist deck Short seller 2 hits
37
Includes a red circle annotation around the third point and a green starburst graphic for emphasis.PowerSchool Holdings, Inc. (PWSC) · Spruce Point Capital Management
Activist deck Short seller 2 hits
38
The slide uses a sequential process flow to explain the 'fiscal cliff' response strategy.PowerSchool Holdings, Inc. (PWSC) · Spruce Point Capital Management
Activist deck Short seller 2 hits
45
The slide uses a map to visualize the total addressable market (TAM) while the callout box highlights a specific competitor/market challenge in India.PowerSchool Holdings, Inc. (PWSC) · Spruce Point Capital Management
Activist deck Short seller 2 hits
71
Uses red underlines and callout boxes to highlight specific legal text and contrast it with the activist's interpretation.PowerSchool Holdings, Inc. (PWSC) · Spruce Point Capital Management
Activist deck Short seller 2 hits
18
The slide uses screenshots of official SEC correspondence to establish a timeline of regulatory scrutiny coinciding with executive departure.Boot Barn Holdings, Inc. (BOOT) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose Contradiction2 hits
79
Uses a biographical snippet from a corporate website to frame the CEO's history as a pattern of association with failing businesses.Boot Barn Holdings, Inc. (BOOT) · Spruce Point Capital Management
Activist deck Short seller 2 hits
08
The slide uses a narrative-heavy structure to draw parallels between FND and a historical bankruptcy case (Linens 'N Things) to undermine management credibility.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller Beat · The Monster2 hits
10
The slide uses a red flag icon to emphasize the negative nature of the changes listed.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller Beat · The Monster2 hits
11
The slide uses a narrative-heavy format to build a case for short-selling based on governance, accounting, and valuation concerns.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle2 hits
116
Uses red underlining in the source text to emphasize the contradiction.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller 2 hits
08
Uses a red flag icon as a visual metaphor for risk/concern.Zebra Technologies Corp. (ZBRA) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose ContradictionsLoop · Logic Chain2 hits
90
The slide uses screenshots from the Wayback Machine and proxy statements to document the executive's presence and subsequent disappearance from official company records.Zebra Technologies Corp. (ZBRA) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose ContradictionsLoop · Logic Chain2 hits
01
Slide 1
The slide uses a 'cockroach' visual metaphor to imply infestation or rot within the company's financials.Intuit Inc. (INTU) · Ben Axler
Activist deck Short seller 2 hits
12
The slide serves as an executive summary of the activist short thesis.Intuit Inc. (INTU) · Ben Axler
Activist deck Short seller Loop · Aha Moment2 hits
16
The slide uses red shading to highlight missing or inadequate disclosures by Intuit.Intuit Inc. (INTU) · Ben Axler
Activist deck Short seller 2 hits
27
The slide uses bold red text to emphasize the specific new language added to the 10-K filing.Intuit Inc. (INTU) · Ben Axler
Activist deck Short seller 2 hits