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Common Size Analysis
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The slide uses these disclosures to set up a common-size model analysis that implies offline enrollment declines.TAL Education Group (TAL) · Muddy Waters Capital
Activist deck Short seller 1 hit
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The slide uses a common-sizing approach to demonstrate the mathematical inconsistency in reported growth figures.TAL Education Group (TAL) · Muddy Waters Capital
Activist deck Short seller 1 hit