Callouts & quotes from 1,069+ activist slides

"The definition of insanity is doing the same thing over and over again and expecting different results!"

"The Company expects to replace that director, as it has done in the past — Taubman Centers, Inc. filing"

"Simon expects to lose less than 2bps of total revenue as the result of rent relief concessions in 2009"

"Simon expects to lose less than 2bps of total revenue as the result of rent relief concessions in 2009"

"What iPref holders should expect is to receive $0.50 a quarter in dividends, every quarter, forever."

"Strong leadership aims to beat and raise expectations. Weak leadership works to lower expectations."

"We know now that the Georgia plant has not performed up to expectations and been a drag on margins."

"Aggressive margin expansion expectations even assuming $140m of cost synergies realized in 3 years"

"Capex significantly above consensus expectations with the peak misforecast in Deloitte's last year"

"The definition of insanity is doing the same thing over and over and expecting different results!"

"Perhaps the only thing more far-fetched than Astra's launch rate is how it expects to hold price."

"In FY24, Disney is expected to have ~90% of Netflix's current LTM revenue... but still lose money"

"“The overall loss in India is expected to be $2 million to $3 million in 2019.” — Q1’19 conf call"

"Ex. COVID: The Company has missed consensus expectations 7 out of 14 quarters — 50% Success Rate"

"Thank you for having me at this year’s Sohn Conference. Next year, I expect we can do it live..."

"The downgrade reflects slower-than-expected deleveraging following Amcor's acquisition of Bemis."

"The downgrade reflects slower-than-expected deleveraging following Amcor's acquisition of Bemis."

"It apparently won't be fairly easy or fast, as it is expected to take a full year from Q1 2025."

"Publishing is expected to generate steady free cash flow at a conversion rate of 40% of OIBDA."

"Going fwd 2022: "Moving forward, we expect capital expenditures to approximate 3% of revenue.""

"MISSED guidance by $9 billion... and expects further ~$4 billion reduction instead of growth!"

"We would expect to complete an SRG spinoff 12 – 18 months after the Annual Meeting, or sooner"

"We would expect to complete an SRG spinoff 12 – 18 months after the Annual Meeting, or sooner"

"Spruce Point believes that FND investor expectations are wildly optimistic heading into 2025."

"Spruce Point believes that FND investor expectations are wildly optimistic heading into 2025."

"Taking all of this together: we expect Core's earnings to disappoint over the next few years."

"We believe that this merger is a scam and that neither company expects it to actually happen."

"We believe that this merger is a scam and that neither company expects it to actually happen."

"Crush margins are the worst in China. We do expect those to improve. — Q1'21 Conference Call"

"Even without an acquisition and proper execution Citron expects a double out of Blackberry."

"“Moving forward, we expect capital expenditures to approximate 3% of revenue.” — Concentrix"

"We expect Phillips 66 will continue to trade at the multiple of its lowest-valued segment."

"We expect Phillips 66 will continue to trade at the multiple of its lowest-valued segment."

"AXDX shares are overpriced and we expect will be declining 70% down in the next 6-9 month."

"Turner Networks is expected to contribute the largest share of revenue and OIBDA in 2005."

"HSD penetration at TWC is expected to grow from 48% in 2006 to approximately 64% in 2009."

"Spruce Point warns about DraftKings / Genius Sports And Expectations Being Too Aggressive"

"Every reporting segment has FAILED to grow volume in-line with the Company's expectations"

"Spruce Point warns about DraftKings / Genius Sports And Expectations Being Too Aggressive"

"~60 – 80+% Increase in Marathon Stock Price Expected, $14 – 19 Billion of Value Unlocked"

"We believe this indicates that organic rate base growth is falling behind expectations."

"2015 Core Business Adjusted EBITDA is expected to decline (72%) compared to 2012 levels"

"We believe high Street growth expectations are setting up investors for disappointment."

"Accounting for lower sales expectations highlights the lofty multiples paid by Pfizer."

"Incremental margins are expected to be BELOW Autodesk's adj. operating margin targets!"

"Accounting for lower sales expectations highlights the lofty multiples paid by Pfizer."

"The Company has consistently missed Wall Street analyst and shareholder expectations."

"Having set almost impossible expectations, Red Cat is set to be blown out of the sky."

"IonQ Triples Expectation for 2021 Contract Bookings — IonQ Press Release, Sep 9, 2021"

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"Unsurprisingly, Olapic has performed far worse than shareholders were led to expect."

"Now it has clearly taken longer and cost a lot more than either we or UBS expected."

"In fact, Motortech has only exceeded its revenue expectations in 1 out of 6 years."

"BlackRock shareholders expect climate-competent, not climate-conflicted, directors"

"Under realistic assumptions, the Company's spending will outpace its expectations."

"Nearly every reporting segment was expected to grow revenue at a multiple of GDP"

"Cumulative Streaming Losses Have Grown to $11bn and are Expected to Reach ~$15bn"

"XL’s supply chain woes are ones that we’d expect to haunt a third-tier company."