Callouts & quotes from 1,069+ activist slides

"Immediate Share Repurchase Should Improve TWX's Return on Equity: The repurchase of shares via a dutch auction is expected to improve TWX's return on equity (ROE)."

"We believe that management and the Board, in anticipation of the upcoming vote, may be attempting to unrealistically shift expectations for the balance of FY 2015"

"We believe that management and the Board, in anticipation of the upcoming vote, may be attempting to unrealistically shift expectations for the balance of FY 2015"

"Unfortunately, Newell’s recent operating and financial performance have fallen well below both the expectations set by the Board and the Company’s true potential."

"Zebra's leverage is rising as it has made expensive bets on acquisitions which we will demonstrate are of low quality and are failing to meet lofty expectations."

"For a brand with such incredible quality products and content, the retail experience often seems to fall short of what consumers have come to expect from SENSAI."

"We see approximately 55% – 80% downside risk to Bunge’s share price and expect the share price to underperform the agribusiness sector and overall equity market."

"History may not be repeating itself, but it certainly is rhyming. We expect a crash back below $3 as the company either dilutes or fails to retain key customers."

"However, we expect a further re-rating lower in the share price if HTA's audit committee opens an investigation into its abnormal financial reporting practices."

"Tessera must re-evaluate internal R&D spending to ensure that every dollar spent has an acceptable expected return on investment within a reasonable time frame."

"Are we really expected to believe these individuals were identified by “a third party search firm” and their relationships with Chairman Hill are a coincidence?"

"We continue to expect additions to capital lease lines to be high single digits as a percentage of revenue going forward. — Dropbox Guidance For 2019 (Feb 2019)"

"Ballard seems to have “magically” converted Broad Ocean’s 5 Year Expectations into Purchase Orders between the Ballard Investor Day and the Needham Conference."

"The Vets First Corporation transaction is a tax-free event for U.S. tax purposes and is expected to realize $100M of operating income synergies by year three."

"Stryker talked a big game in its deal to acquire K2M Group to bolster its spine business. The CEO said it expected mid-single digit performance going forward."

"Amazon's CFO recently commented that the company saved $1 billion on travel in 2020, and while he expects travel to return, it will be at a much lower level."

"“P66 has regularly run afoul of market expectations, has not generated competitive value during the span of Mr. Lashier’s executive service...” — Glass Lewis"

"Spruce Point has targeted a number of healthcare-related companies benefitting from unreasonably high growth expectations and misunderstood business models."

"We expect that China will grow nearly twice as fast as Starbucks' overall earnings and represent an increasingly larger percentage of the company's earnings"

"Cumulatively, we expect CAIC, MCY’s subsidiary, to incur over $2 billion in losses between their landlord and homeowner (HO-3) policy exposure to the fires."

"In 2003, TWX management elected to remove AOL from the corporate moniker, a telling symbol of the diminished emphasis and expectations placed on the asset."

"Over time, we expect HHH to fully exercise its call options on all tranches of PSH’s preferred stock and increase its economic ownership of Vantage to 100%"

"“EBITDA levels are at a low point and [the Company expects] to see improvements with revenue growth in 2015...” — Yahoo! Management, Q3 2014 earnings call."

"Looking at 2010, you can expect more of the same from CP, emphasis on cost management, productivity and the realization of longer-term structural savings."

"Huishan’s expectation of rising prices appears to be at odds with that of their competitor Yili, which is also its largest external customer for raw milk."

"1/28/26: META reports strong Q4 results and provides better-than-expected 2026E revenue growth guidance, as well as clarity around operating income growth"

"Ultimate Software expects to achieve ~35% – 40% operating margins when it reaches scale and as growth decelerates from ~20%+ per annum — Ultimate Software"

"We expect larger integrators to be able to extract larger price concessions and discounts in their purchasing and procurement from distributors like ADI."

"Spruce Point believes there is a big disconnect with what is happening in the airline travel industry and expectations for CLEAR's financial performance."

"As shown in the software industry, we also expect this subscription revenue stream will be capitalized at much higher multiples than a transactional one."

"CEO Cord Christensen stated that he expects the legacy veterinary business, excluding new stores, to support sales growth in the services segment of 25%."

"2014 was a year marked by strong returns continued value creation by our portfolio companies which we expect to be further enhanced by permanent capital"

"2014 was a year marked by strong returns continued value creation by our portfolio companies which we expect to be further enhanced by permanent capital"

"2014 was a year marked by strong returns continued value creation by our portfolio companies which we expect to be further enhanced by permanent capital"

"Management won't admit it uses stock buybacks to manage market expectations and to engineer low quality “beat and raises” stories to get analysts giddy."

"A classic example of earnings management is when management over-estimates expenses, and claims great performance when results are better than expected."

"Overall, revenue growth trends continue to show strength 5-plus weeks into the fourth quarter, and we expect them to continue. — Management (Conf call)"

"As low-cost workflow options grow increasingly diverse and easier-to-use, we expect more and more Align doctors to explore alternatives to Invisalign."

"Former employees have also indicated to us that management is unusually conscious of Wall Street expectations, and aggressive in pushing to meet them."

"Wall Street analysts overall expect TWC to continue its double-digit revenue growth in 2006, outstripping the growth rates of Comcast and Cablevision."

"Why did Heska stop calculating Monthly CSV just when the metric missed expectations and started to decline, in part since international is a low $669?"

"Leidos promotes $400m of expected sales for L3Harris (well short of the $1.0bn it claimed it could achieve alone in 2017 and $700m it claimed in 2003."

"Management expects this $300mm cost reduction program and continued operating leverage to increase operating margins from 25% in 2014 to ~34% by 2017"

"GoDaddy expects to generate 7% revenue growth and 28% Adj. EBITDA margins in Q4'23E as growth headwinds abate and operating leverage improves margins"

"GoDaddy expects to generate 7% revenue growth and 28% Adj. EBITDA margins in Q4'23E as growth headwinds abate and operating leverage improves margins"

"Management expects this $300mm cost reduction program and continued operating leverage to increase operating margins from 25% in 2014 to ~34% by 2017"

"We estimate 40% - 50% downside risk ($110 - $132 per share) as Generac’s financial situation deteriorates and lofty analyst expectations are missed."

"Increased operating margins from negative 32% to analyst expectations of 20% in a little over a year and sold the company for a significant premium."

"QS has an early lockup expiration that we believe is fast approaching. We expect insiders to dump stock and race for the exits, as is their pattern."

"The assumptions underlying our full year fiscal 2012 expectations include... ESM license bookings growth in the low 20's — BMC Management (Q4 2011)."

"QS is worth $15B because investors expect it to dominate batteries for electric vehicles – off a prototype with 5% of an iPhone battery’s capacity."

"If this proposed transaction fails, we expect investors would correctly conclude there is no potential future strategic alternative for the company"

"We saw no movement at other times of parts, components, or staff as one would expect if any assembly, testing, production, or R&D was taking place."

""I told you we had a value creation strategy that works. It's delivering results, and we expect our success to continue." — Fred Green, Analyst Day"

"As it scales up, we expect its negative margins to inflect in 2024 and reach 8% by 2027. From there, margins should continue improving toward 10%."

"The Annual Meeting – the most basic expectation of any public company – was only scheduled before year-end because of Blacksheep Fund Management."

"We applaud Goldman Sachs for being the lone skeptic and below market price target on O Realty. We expect other brokers to follow with downgrades."

"One might expect that Shunshun had to pay TAL for this new lease on corporate life. However, the opposite is true. TAL invested cash in Shunshun."

"Was this raise really a product of organic momentum, or was it a “draw-down” on expected ForeSee sales which hadn’t yet been baked into guidance?"

"Was this raise really a product of organic momentum, or was it a "draw-down" on expected ForeSee sales which hadn't yet been baked into guidance?"