Contrarian Corpus

350 documents showing 61–120

Elliott Management 2025-03-25

Phillips 66 PSX

Streamline 66 plan could boost Phillips 66 stock 65%+ (from $120 to $200)

N3 V4 C4
Elliott Management 2025-03-24

Phillips 66 PSX

Phillips 66 trades at $120 vs. Elliott's $200 Streamline 66 target — 65% upside

N4 V4 C4
Starboard Value 2025-03-19

Autodesk, Inc. ADSK

Autodesk has best-in-class 93% gross margins but bloated opex; disciplined cost cuts plus 55% incremental margins can lift adjusted operating margins to ~45% by FY2028.

N4 V3 C3
Elliott Management 2025-03-18

Phillips 66 PSX

Phillips 66's conglomerate structure masks world-class midstream and chemicals assets; separating them, fixing refining, and refreshing the board closes a decade-long 188% TSR gap versus peers.

N3 V4 C4
Elliott Management 2025-03-06

Phillips 66 PSX

Phillips 66's refining kit rivals Valero's, but weak commercial execution and bloated corporate leave a multi-dollar EBITDA-per-barrel gap that Streamline66 — portfolio fixes and a refreshed board — closes.

N4 V4 C4
Elliott Management 2025-03-04

Phillips 66 PSX

Phillips 66 has persistently underperformed peers, requiring new Board perspectives

N2 V1 C1
Oasis Management 2025-02-26

Kao Corporation 4452.JP

Kao is Japan's underperforming FMCG giant; adding five expert directors with FMCG, cosmetics and digital expertise plus performance-aligned pay can close the peer gap and revive growth.

N5 V4 C4
Oasis Management 2025-02-26

Kao Corporation 4452 JT

Kao's world-class beauty brands are squandered by an insular Japanese board; adding five global FMCG outside directors and performance-linked pay can close the gap to L'Oreal and Beiersdorf.

N4 V2 C1
Ancora 2025-02-19

United States Steel Corporation X

U.S. Steel has lagged peers by 227 points under Burritt; with the Nippon deal dead, Ancora's slate would install Stelco-turnaround CEO Kestenbaum to fix the company as a standalone public co.

N4 V4 C4
Pershing Square 2025-02-18

Howard Hughes Holdings Inc. HHH

HHH stuck at ~40% NAV discount with no take-private bidder after 284 investors approached

N4 V3 C2
Elliott Management 2025-02-11

Phillips 66 PSX

Phillips 66's conglomerate hides world-class midstream worth $40bn+; spinning midstream, closing the $3.75/bbl refining gap to Valero, and refreshing the board can lift PSX from $120 to $200+.

N5 V4 C4
Elliott Management 2025-02-11

Phillips 66 PSX

Conglomerate structure hides a Midstream worth >$40bn standalone; market gives refining ~$1bn of credit

N5 V4 C4
Elliott Management 2025-02-11

Phillips 66 PSX

Inefficient conglomerate structure trades like a refiner despite ~40% of EBITDA from midstream

N5 V4 C4
Engine Capital 2024-12-17

Dye & Durham Limited DND

Engine Capital's six-member slate and OneMove's nominee will replace the entire Dye & Durham board after overwhelming shareholder support forced incumbent directors to resign.

N2 V1 C1
Oasis Management 2024-12-17

Kao Corporation 4452

Kao's Nomination Committee rushed its 2025 AGM director slate two months early to bypass Oasis's five independent candidates — poor governance demanding a reopened, transparent process.

N3 V2 C1
Oasis Management 2024-12-11

Kao Corporation 4452

Kao's world-class FMCG brands are stalling under a passive Board; Oasis, now holding over 5%, will nominate five independent FMCG directors at the March 2025 AGM to unlock global growth.

N3 V2 C1
Oasis Management 2024-12-05

Kao Corporation 4452

Kao is a sleeping FMCG giant whose under-ambition, inefficiency, and lack of focus have destroyed EVA; adding five independent directors with FMCG operating experience can unlock peer-level returns.

N4 V4 C4
Engine Capital 2024-12-01

Dye & Durham Limited DND

Dye & Durham's Board and CEO Matt Proud destroyed value chasing a $1bn EBITDA target through reckless M&A; Engine's six-director slate and new CEO can triple the share price to $46 in three years.

N5 V4 C4
Engine Capital 2024-11-11

Dye & Durham Limited DND

Engine (7.1%) urges Dye & Durham shareholders to replace an entrenched board presiding over management exodus, regulatory investigations, and blocked deals with six independent nominees at the December 17 meeting.

N3 V1 C1
Engine Capital 2024-11-01

Dye & Durham Limited DND

Engine, a 7.1% holder, nominates six directors to overhaul Dye & Durham's board, replace management, cut leverage to 3x, and close the valuation gap to ~20x EBITDA peers.

N2 V1 C1
Elliott Management 2024-10-22

Southwest Airlines LUV

Southwest's board lacks the airline-operator experience needed to lead a turnaround

N2 V2 C3
Bluebell Capital 2024-10-21

BP Plc BP

Bluebell publishes ten pointed questions BP must answer at the 29 Oct 2024 Q3 call, demanding transparency on abandoned EBITDA, production and energy-transition targets and faulting Board oversight.

N3 V2 C1
Engine Capital 2024-10-16

Dye & Durham Limited DND

Engine, owning 7.1% of Dye & Durham, will run a board slate at the 2024 AGM, arguing a refreshed board can close the 8x-vs-18x EBITDA peer gap.

N2 V1 C1
Elliott Management 2024-10-15

Southwest Airlines Co. LUV

Southwest is the most compelling airline turnaround opportunity in two decades

N2 V3 C3
Bluebell Capital 2024-10-07

BP Plc BP

BP's ideologically driven 2023 strategy has failed; the Chair and Lead Independent Director must go, and the leaked U-turn on oil output breaches listing rules.

N3 V2 C1
Starboard Value 2024-10-01

Pfizer Inc. PFE

Pfizer destroyed $20-60bn of value since 2019 despite a $40bn COVID windfall; Starboard wants the board to hold Bourla accountable for peer-median R&D/M&A returns.

N5 V4 C4
Starboard Value 2024-10-01

Pfizer Inc. PFE

Pfizer squandered its $40bn COVID windfall on overpriced M&A while delivering almost none of the 15 promised blockbusters; the Board must hold management accountable.

N5 V4 C4
Elliott Management 2024-09-26

Southwest Airlines LUV

Southwest management has destroyed more value through inaction than anyone in the industry

N3 V4 C4
Engine Capital 2024-09-25

Dye & Durham Limited DND

Engine urges Dye & Durham's board to hold its 2024 AGM in December per TSX rules, or face board changes over entrenchment, delay tactics, and CEO Proud's destructive M&A.

N2 V1 C1
Bluebell Capital 2024-09-25

BP Plc BP

Renewables strategy is a series of U-turns with no consistency

N4 V3 C3
Elliott Management 2024-09-24

Southwest Airlines LUV

Worst-performing management team in airlines has destroyed more value than any peer

N3 V4 C4
Elliott Management 2024-09-24

Southwest Airlines Co. LUV

Management and Board are entrenching via poison pill and defensive maneuvers instead of accepting accountability

N3 V2 C2
Engine Capital 2024-09-19

Dye & Durham Limited DND

Court dismissal of OneMove litigation removes any remaining excuse to delay the Special Meeting

N2 V2 C1
Engine Capital 2024-09-13

Upwork Inc. UPWK

Engine argues Upwork is undervalued at ~6.5x EBITDA and that a refreshed board plus fixing the marketplace, focusing Enterprise, cutting bloat and aggressive buybacks unlocks substantial upside.

N4 V2 C1
Engine Capital 2024-09-11

Dye & Durham Limited DND

Dye & Durham's board broke its no-M&A pledge, re-levered to 5.3x, and lost six executives; shareholders need a Special Meeting and board change to close the peer valuation gap.

N4 V2 C2
Elliott Management 2024-09-10

Southwest Airlines LUV

Southwest is the most compelling airline turnaround opportunity in two decades

N4 V4 C4
Starboard Value 2024-09-09

News Corporation NWSA

News Corp's dual-class structure entrenches a fractious Murdoch family with 14% economics but 41% of the vote; collapsing it would remove a governance discount already rejected by 90% of unaffiliated holders.

N3 V2 C1
Starboard Value 2024-09-09

News Corporation NWSA

Starboard urges News Corp shareholders to vote to collapse the dual-class structure that gives the Murdoch family 41% voting power on only 14% economic ownership.

N3 V2 C1
Elliott Management 2024-08-26

Southwest Airlines Co. LUV

Shareholders lost more than 50% over three years under Kelly and Jordan

N4 V2 C2
Starboard Value 2024-08-06

Autodesk, Inc. ADSK

Autodesk's premier 93%-gross-margin software franchise is squandered under CEO Anagnost; Starboard demands cost cuts, compensation overhaul, buybacks and CEO re-evaluation to reach 45%+ margins and ~$15.50 FCF/share by FY2027.

N4 V3 C3
Starboard Value 2024-08-01

Autodesk, Inc. ADSK

Autodesk's premier software franchise is squandered under CEO Anagnost — peer-lagging margins, missed Investor Day targets and manipulated billings demand a Board-led overhaul to unlock 45% operating margins.

N4 V3 C3
Engine Capital 2024-07-30

C&C Group plc CCR

C&C has lagged peers by 81% since its 2019 LSE listing under four CEOs and a board owning 0.05%; electing Engine's two nominees brings M&A and capital-allocation expertise.

N3 V2 C1
Bluebell Capital 2024-07-23

BP Plc BP

BP's Board greenlit an unlawful solar-planning strategy and a value-destroying green pivot; replace the Chair, Senior Independent Director and CEO, or halt the renewables burn.

N4 V2 C2
Elliott Management 2024-07-08

Southwest Airlines LUV

Eighth guidance cut in 18 months proves leadership cannot deliver

N4 V1 C1
Starboard Value 2024-06-25

Autodesk, Inc. ADSK

Autodesk's Board tolerated years of underperformance and misleading billings disclosures; accountability, transparency, and a 1,000+ bps margin improvement can restore a best-in-class software franchise.

N4 V3 C3
Starboard Value 2024-06-25

Autodesk, Inc. ADSK

Autodesk is a high-quality monopoly hobbled by board complacency and misleading billings disclosures; transparency, accountability, and a 1,000 bps margin fix unlock material upside.

N4 V3 C3
Muddy Waters 2024-06-24

Eurofins Scientific SE ERF

Muddy Waters is short Eurofins: controlling shareholder Dr. Gilles Martin has siphoned capital via above-market real-estate leasebacks for 20 years, and the financials appear engineered to overstate revenue, profits, and cash.

N4 V2 C2
Starboard Value 2024-06-17

Autodesk, Inc. ADSK

Autodesk's Board misled shareholders on free cash flow and ran out the nomination clock; reopen the vote, refresh directors, and fix margins to close the peer gap.

N4 V2 C3
Carl Icahn 2024-06-10

Southwest Airlines LUV

Southwest has the worst margins of any major U.S. airline under a 74-year legacy leadership team; a new outside CEO, refreshed board and modernized commercial strategy can deliver a $49 share price, 77% upside.

N5 V4 C4
Elliott Management 2024-06-10

Southwest Airlines LUV

Southwest lost 50%+ of market value in 3 years while peers thrived

N5 V4 C4
Elliott Management 2024-06-10

Southwest Airlines LUV

Southwest lost 50%+ of market value and EV is below the value of its aircraft alone

N5 V4 C4
Elliott Management 2024-06-10

Southwest Airlines LUV

Southwest's outdated strategy collapsed margins from best-in-class 21% to worst-in-class 8%

N5 V4 C4
Elliott Management 2024-06-10

Southwest Airlines LUV

Share price down >50% over 3 years; 2024 EBITDAR tracking ~50% below 2018 despite record industry revenues

N4 V2 C1
Muddy Waters 2024-06-03

CPI Property Group S.A. CPIPGR

CPI PG's controlling shareholder Vitek swapped €273m of personal debt for Dubai properties still under construction, sticking CPI PG with ~€220m of hidden progress payments while pocketing ~€118m.

N4 V2 C2
Engine Capital 2024-05-18

Parkland Corporation PKI

Parkland's Board is entrenched and credibility-damaged; Engine (2.6% owner) demands an immediate strategic review with an investment bank to surface private-market value above the depressed public stock price.

N4 V1 C1
Bluebell Capital 2024-05-13

BP plc BP

Bluebell escalates to BP's Senior Independent Director, arguing that Dame Amanda Blanc's refusal to meet breaches her governance duty and undermines her independence.

N2 V2 C1
Engine Capital 2024-05-07

Parkland Corporation PKI

Parkland's independent directors refuse to buy meaningful amounts of their own stock despite insisting the strategy will deliver value — that credibility gap demands each personally purchase at least 5,000 shares.

N4 V1 C1
Bluebell Capital 2024-05-01

BP plc BP

BP under Lund and Looney's failed energy-transition strategy has produced sector-worst TSR, a record valuation discount, and governance failures — the board must engage with dissenting shareholders.

N3 V2 C2
Bluebell Capital 2024-04-30

BlackRock BLK

BlackRock preaches stewardship to others while combining Chair and CEO under Larry Fink; shareholders should vote FOR Bluebell's Item 6 to require an independent Chair from 2025.

N4 V2 C1
Ancora 2024-04-27

Norfolk Southern NSC

Cleveland-Cliffs CEO publicly endorses Ancora's Norfolk Southern proxy fight, citing Cliffs' own 2014 board-overhaul win as proof that disciplined activism creates durable value.

N2 V2 C1