slides · global inventory
42 Hypothesis Test
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Uses a table to present chronological quotes from management to expose a narrative shift.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
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The slide uses red arrows to highlight the removal of specific brand names (AquaGuard, DuraLux, NuCore, Optimax) from the 2023 10-K compared to previous years.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
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Uses Wayback Machine screenshots to contrast historical branding with current website state.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
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Includes a price comparison callout between FND and Arbor.com and a table showing product count disparity.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
59
Uses a side-by-side comparison of company marketing vs. industry reality.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
60
The slide uses a yellow highlight to emphasize the executive's critical assessment of the company's strategic pivot.Floor & Decor Holdings, Inc. (FND) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
86
iRhythm Technologies, Inc. (IRTC)iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
87
Uses a red-and-white table structure to highlight specific instances of alleged corporate malfeasance.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
88
Uses a combination of CEO quote and legal document excerpt to highlight a contradiction.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
89
Uses a 'Pitch vs Reality' framework to undermine management credibility.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
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90
Uses red underlining to highlight specific regulatory violations in the source text.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
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91
The slide uses a red-background table to visually emphasize the 'troubling' nature of the associations.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
92
Uses visual markers (red X and ?) to annotate corporate policy text as evidence of failure.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
93
Uses a comparison table to show the reduction in frequency of negative keywords (criminal, fraud, etc.) between two versions of a corporate document.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
94
Uses a timeline-style table for management turnover and a list with red 'X' marks to indicate board departures.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
95
The slide uses red text to emphasize critical phrases within the quotes.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
96
The slide uses a table of individual insider holdings and a stock chart to visualize the 'opportunistic' selling behavior.iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
97
Spruce Point Capital Management branding (pine tree logo).iRhythm Technologies, Inc. (IRTC) · Spruce Point Capital Management
Activist deck Short seller Loop · Hypothesis Test1 hit
36
The slide outlines specific adjustments to debt, NOI, dividends, and capex for financial modeling purposes.General Growth Properties (GGWPQ) · Pershing Square
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37
Includes footnotes detailing assumptions for cash flow adjustments and valuation methodology.General Growth Properties (GGWPQ) · Pershing Square
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Hypothesis Test1 hit
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Includes detailed footnotes regarding assumptions for cash flow, interest expense, and debt conversion.General Growth Properties (GGWPQ) · Pershing Square
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This slide addresses potential counter-arguments regarding the feasibility of the proposed solution.General Growth Properties (GGWPQ) · Pershing Square
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40
The slide uses a direct quote from Justice Stevens to define the 'cram down' standard.General Growth Properties (GGWPQ) · Pershing Square
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General Growth Properties (GGWPQ)General Growth Properties (GGWPQ) · Pershing Square
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42
The slide explicitly maps GGP to the 'formula approach' category.General Growth Properties (GGWPQ) · Pershing Square
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43
The slide cites the legal precedent established by Justice Stevens in the 2004 Till v. SCS Credit Corp case.General Growth Properties (GGWPQ) · Pershing Square
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44
The slide highlights the widespread application of the Till precedent in bankruptcy proceedings.General Growth Properties (GGWPQ) · Pershing Square
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45
The slide highlights a legal precedent where the court opted for a formula approach despite arguments for an efficient market rate.General Growth Properties (GGWPQ) · Pershing Square
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46
The slide uses a court ruling to justify a specific interest rate methodology, contrasting it with a creditor's higher market rate claim.General Growth Properties (GGWPQ) · Pershing Square
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47
The slide uses a process-like flow to map legal criteria to a specific financial outcome (Prime-plus 0.5% - 1.0%).General Growth Properties (GGWPQ) · Pershing Square
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Hypothesis Test1 hit