Callouts & quotes from 902+ activist slides

"We believe the owners are likely to continue selling shares which could act as an overhang on the upside potential."

"In our view, insiders at the company seem to possess Paul Pelosi-like timing when it comes to selling their stock."

"Jailed in a Chinese hellhole, a B.C. short-seller strikes back with lawsuit against mining company — National Post"

"Of course, the sell side is confused. UBS mistakenly thinks U.S. shale is 30-35% of revenues. — Greenlight Capital"

"Xerox shareholders are selling ~$535 million of normalized annual recurring net cash flow for just ~$1.25 billion"

"Twist’s NGS business model is to slash prices on panels and upsell a library prep kit that they’re a reseller for"

"The first reason SCP Reflects seems improper is that Pietroni bought it only eight days before selling it to CPI."

"Kratos has historically used a very aggressive definition of backlog to sell investors on its investment merits."

"Our Research Shows That GreenPower Motors Isn't Really An Electric Bus Manufacturer, But Is An Importer/Reseller"

"Astra's investor pitch boils down to selling the pipedream of an unprecedented number of cheap rocket launches."

"Carvana sells its receivables to third parties after originating auto loans associated with its vehicle sales."

"Logically, one cannot sell an asset and simultaneously pledge it as collateral in a new borrowing arrangement."

"The majority of sell-side analysts are bullish on Stryker, and the consensus view calls for another 5% upside."

">Wakix’s only selling point – that it’s not a controlled substance – was dismissed by physicians as irrelevant"

"We think the wisest thing any investor can do is imitate management and sell this stock while it is still hot."

"Unparalleled record of seeing through the stock promotion hype machine with insightful short-selling opinions"

"Unparalleled record of seeing through the stock promotion hype machine with insightful short-selling opinions"

"This seemingly violates U.S. OFAC sanctions for which we understand the U.S. seller would be strictly liable."

"Management and bullish sell-side analysts like to tout the so-called “well economics” which show great IRRs."

"Beware of overly glowing “upside” carrots from sell-side brokers that haven’t fully explored past history..."

"It does not seem that the sell-side considered the positive effect Helly Hansen had on retail gross margin."

"The insights we gathered are not as "bullish" as the promotional sell-side analysts would have you believe."

"The peculiarity of how EGH was able to sell a property to IIPR before even owning it is already disturbing."

"Selling product online is not unique to FIGS. There are many DTC brands and major online shopping options."

"AMT would be at risk of abetting the selling shareholders, who are Brazilian, in committing tax fraud."

"Only Procept’s poor recent stock performance has created meaningful upside to sell-side price targets."

"Despite all its hyperbole, Pure has thus far failed to get a toehold selling AFAs into hyperscalers."

"We reiterate a "Strong Sell" opinion on DV with 35% - 45% ($15.90 - $18.80 per share) downside risk."

"After Vitek Couldn't Sell the Villa, He Stuffed CPI PG With It While Pocketing at Least €10 Million"

"we believe Yahoo should hire a financial advisor to sell the Core Business as a taxable asset sale."

"I think they sell between 60 and 80 engines a year and they report 95% into the Aerospace business."

"Manufacturers that represent over 56% of global PC shipments don't sell printers on their websites"

"FMCN's partial response to our 80-page November 21, 2011 report reinforces our Strong Sell rating."

"Spruce Point Believes U.S. Concrete (Nasdaq: USCR) Is A "Strong Sell" With 60% - 90% Downside Risk"

"Shouldn't a "presence" at most major retailers mean HIMS is poised to actually sell MORE product?"

"Insiders Are Primed To Sell: We Estimate 55% - 80% Downside Risk Potential To Bunge's Share Price"

"The Rollins Family Is Selling While ROL’s Valuation Is Excessive: We See 30% – 40% Downside Risk"

"College Prep Software Naviance Is Selling Advertising Access to Millions of Student — The Markup"

"Home Sellers Win $1.8 Billion After Jury Finds Conspiracy Among Realtors — Headline, WSJ article"

"Follow the money carefully, especially when both its largest owner and management sell together"

"Starboard's Plan Sells Yahoo At The Lows; Our Plan Unlocks Meaningful Upside for Shareholders"

"TIME TO NIX MANAGEMENT / STRONG SELL OPINION / Prestige Consumer Healthcare, Inc. | NYSE: PBH"

"The large oil frackers have spent $80 billion more than they have received from selling oil."

"Our Research and Sell-Side Show that DLO's Pricing is Comparable to that of its Competitors"

"If the sovereign debt trades to a negative yield, it would be wise to sell it to hold cash."

"ROVI is selling investors HOPE its new strategy will work despite limited tangible evidence"

""the new presence of a well-known shareholder-value advocate investor" — Sell-side research"

"Spruce Point Believes Maxar Technologies (MAXR) Is A "Strong Sell" With 100% Downside Risk"

"That means that RUN would be a company that can sell its product, but it cannot get paid."

"“Existing relationships between the seller and Lasertec Corporation” — “Nothing of note”"

"Management appears to have no problem leading the sell-side on, even if not explicitly."

"It can't build, it can't sell and it can't generate value to cover its operating costs"

"The sell side does not yet appreciate the consequences of emerging competitive threats"

"The sell side does not yet appreciate the consequences of emerging competitive threats"

"Named one of the top Activist Short sellers in world in 2020 — Activist Insight Review"

"Spruce Point Believes Dollarama (TSX: DOL) Is A “Strong Sell” With ~40% Downside Risk"

"Spruce Point believes current sell-side analyst price targets are wildly optimistic."

""on average, in a given day, we can sell 6 or 7 cards." — Salesperson at booth B2178"

"ELEVATED MULTIPLES AND STRONG STRATEGIC DEMAND MAKE NOW A GOOD TIME TO SELL ASSETS"

"This strongly suggests that it is sitting on significant inventory it cannot sell."