Callouts & quotes from 37,061+ activist slides

"What they did was use an optical tool from KLA – the Teron product line. And this is an optical tool with a 193-nanometer light source. So, there's a limitation to what defects it can detect."

"The IR Rep laughed that Lasertec has needed to rent space 'all over the map' to store tools before final tweaking and shipment. He says that Fab-4A has been useful in relieving that pressure."

"If current 2024 consensus estimates prove to be accurate, this would mean that GoDaddy missed its implied 2024 targets from the Investor Day by over $500 million in revenue, over $100 million"

"These documents plainly show Defendants had direct knowledge that TelexFree was a Ponzi scheme, and yet, continued to service the illicit enterprise until at least March 2014. — Legal filings"

"“In non-Tier 1 sports, Genius will continue to aggressively deploy its “contra” model and acquire long-term agreements in exchange for technology and software solutions.” — Form F-1 5/27/2021"

"“...This certainly is the difference between joining a franchise and building your own business. This part will grow and develop into a system...” — Unattributed source in franchise agreement"

"hon·est /'änəst/ free of deceit; truthful; sincere; candid; frank; open; forthright; straightforward; plain-speaking; upfront; aboveboard — Automotive Logistics 2016, CEO Jacobs' Presentation"

"“remains an execution story” — BofA, October 2023; “[F]eedback from investors following [our] upgrade suggested they wanted to see PSX execute before giving them credit” — Cowen, August 2023."

""Both our GCCV and our NCCV are experiencing significant increases year-over-year, and this translates directly into shareholder value creation." - William Berger, CEO (Q2 2020 Earnings Call)"

"We are differentiating ourselves with innovative products, deep channel relationships and a global ecosystem of more than 10,000 partners and a highly trusted brand. — Q3 2015 Conference Call"

"“we’ve initiated monthly Culture Conversations where we explore identities and systems of power using an intersectional lens...LGBTQIA+, ageism, Latinx identity.” — Emily Leproust (Twist CEO)"

"“It’s one of those companies that’s always been a question mark for me. I didn’t get it. It went against everything that I learned in my science career.” — Longtime executive in Twist’s space"

""we have yet to find one investor that is planning to vote in favor of the current management, which reflects long-run frustration with NSC's operating track record." — Deutsche Bank Research"

"Taser was exposed for having "cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions" — Star-Telegram"

""Pepsi is slow to act and cannot make decisions." — Senior merchandising official at a large U.S. retail chain; "Coke swooped in" — Senior merchandising official at a large U.S. retail chain."

"Credit Karma has maybe 1% of the features of mint, and even what it has is poorly implemented. In it's current state I can't imagine what possessed them to announce a migration. — Reddit User"

"Droplet-based, high-brightness extreme ultraviolet laser plasma source for metrology — A. Yu. Vinokhodov; M. S. Krivokorytov; Yu. V. Sidelnikov; V. M. Krivtsun; V. V. Medvedev; K. N. Koshelev"

"Droplet-based, high-brightness extreme ultraviolet laser plasma source for metrology — A. Yu. Vinokhodov; M. S. Krivokorytov; Yu. V. Sidelnikov; V. M. Krivtsun; V. V. Medvedev; K. N. Koshelev"

"“Disaggregated assets by segment are not used to allocate resources or to assess performance of the segments and therefore, segment assets have not been disclosed.” — New Disclosure 2024 10-K"

""The Company de-prioritized the development and sale of POET optical transceiver modules in 2025 to avoid conflicts with its module customers." — POET Technologies Inc., Form 6-K Exhibit 99.2"

"They tend to be in line with our consumables, and perhaps maybe a little bit additive....But you can think of them roughly in line with our consumables gross margin. — Kevin Wilson, Heska CEO"

"The ultimate beneficial owner of Mountfort Investments S.à r.l. was Patrick Vítek (eldest, adult and not dependant son of the Company main shareholder). — CPI PG Annual Management Report 2021"

"Ending Q1 2011, there were 33 Patches that had above $2,000 per month in revenue. Ending Q4 2011, there were 401 Patches above $2,000 per month in revenue. — Company's Chief Financial Officer"

"I'm worried that [the satellite] will shake itself apart and create a giant cloud of debris that will last for 10-15 years and I'm not usually a big space junk worrier. — Former JPL physicist"

"“The Chinese authorities suspended the registration and approval of direct selling amid a nationwide crackdown on wrongdoing in the health products market” — Article cited by Grizzly Research"

"Weichai’s management characterized the license as “routine business” and even stated the agreement “did not meet the disclosure threshold” for an announcement on the Hong Kong Stock Exchange."

"This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams. — Financial Conduct Authority (FCA)"

"Хотел бы уточнить о возможности размещения четырех детей из ДНР и ЛНР в вашем отеле 22-27 марта 2026 г. для размещения их в семьи. Милые девочки возрастом 14-17 лет. Красотки! — Email inquiry"

"I would like to inquire about possibility of hosting four young beautiful girls from Donetsk People’s Republic, Russia (14-17 years old). They \ pool? What kind of bed do you have? — Vladimir"

"The client is “an Industrial Partner”, and has evaluated all the international options but chose EOS. The first part is simply not true; the second part is highly doubtful. — Grizzly Research"

"Despite a stellar 2019, we believe Chipotle still has significant unrealized growth potential, with average restaurant sales still 12% below peak levels and margins ~700bps below peak levels"

"Our progress is partially reflected in 16% appreciation from March 31, 2016 through year end, but more significantly in the business progress and developments in the balance of the portfolio"

"The non-arm's length transactions of Tony Thompsons' (wholly owned companies) with both Grubb & Ellis and Triple Net Properties illustrate the deep inner workings between Thompson and Peters"

"Despite our clear concerns and evidence that Avery is under increasing pressure, its one year forward EBITDA and EPS multiples have expanded over the past decade and are near all-time highs."

"Given the multitude of lavish properties that CEO Dovigi owns, we find it unusual that GFL leases a mansion from Daryl Goodwin, a current employee and seller of Enviro-Smart Organics to GFL."

"A significant increase in unprofitable flying driven by a growth strategy focused on capacity expansion (rather than product innovation) appears to have driven substantial unnecessary losses"

"Only 11 months ago, management said it was “absolutely committed” to driving unit costs down in 2024. Today, management is guiding to a 7-8% increase, representing $1.7B of incremental costs"

"Elliott Investment Management, one of Southwest Airline's largest shareholders, believes that Southwest represents the most compelling airline turnaround opportunity in the last two decades."

"Spruce Point finds it alarming that WTRG's CEO recently referenced his ability to never disappoint Wall Street, but dropped glaring hints that suggest disappointment could be on the horizon."

"Providing water services and issuing billing statements should be a straightforward business, yet WTRG appears to elicit strong and negative feedback from customers across a range of issues."

"Spruce Point finds it alarming that WTRG's CEO recently referenced his ability to never disappoint Wall Street, but dropped glaring hints that suggest disappointment could be on the horizon."

"In total, we believe our plan for Office Depot will improve operating margins from 0.9% to 7.3%, while providing Office Depot with a plan to successfully transform the future of the Company."

"If XPO didn't work with Andersen's firm to issue private placements, then it could have business dealings with Terex, where Andersen has long served as a Director according to his biography."

"We believe New TROX could easily lever up to 1.0x – 1.5x on a mid-cycle EBITDA basis and subsequently dividend the cash proceeds to shareholders while still maintaining strong credit metrics"

"I was particularly annoyed about the shameless allegation that Ströer did not have any proper corporate governance and that the supervisory board was not independent. Intolerable effrontery!"

"Per an employee LinkedIn disclosure, Microsoft is $100m of sales, which conveniently equates to ~17% of LTM sales of $606m. Ex: Microsoft sales, we estimate the consumer segment is down 53%."

"Monolithic has grown its dividend recently, but well below its potential. If you take Monolithic's financials at face value, EPS is up nearly 400% in the same period the dividend is up 166%."

"We believe our selective hedging strategy is a superior alternative to a large cash position or a continuous hedging program, both of which can be a significant drag on long-term performance"

"Coincidentally, Mercury’s CISO and CIO both left the firm in August 2018 – just before the story broke – and Mercury subsequently removed nearly all references to Supermicro from its website"

"We reiterate our calls for Eurofins to execute a limited release of its former employees from their NDAs so they may speak to investors without fear of “lawfare” (unwarranted legal attacks)."

"Keisei's target for a minimum payout ratio of 10% is substantially below disclosed expectations from Japanese and non-Japanese investors, combined with no buyback programme unlike most peers"

"By reducing its asset base and returning capital to shareholders, rather than wasting shareholders’ money on excessive capex and acquisitions, Brinker has driven superior returns on capital."

"These requirements over-engineer packaging and drive up costs significantly without necessarily driving any benefit associated with more foot traffic or increased pricing power on customers."

"Goodyear’s product warranty costs are ~40% below Michelin and Bridgestone’s as a percentage of revenue, which speaks to the quality of its manufacturing assets and skill of its employee base"

"There will be pent up demand for consumers to go to the theaters after wide distribution of a vaccine and theaters are not going away overnight, but the sector is a rapidly melting ice cube."

"Third, if ambiguity still remains after applying step 2, apply the contra proferentem rule, which is Latin for “against the offeror” or in this particular case, “interpret against Manulife.”"

"The ex-employee suggested that “essentially every scientist” at IonQ opposed the announcement, and that “essentially all” of the scientists “felt extremely uncomfortable with the statement.”"

"It suggested that most or all of the company’s revenue in Q3 and for 2021 came from only 2 and 3 customers respectively – a troubling contrast to the CEO’s claim of “thousands of customers.”"

"The limitations of contact mapping also make it incapable of mapping more than one arrhythmia at a time, which makes it ill-suited to treat SVTs such as atrial flutter or atrial tachycardia."

"In sum, the feedback we received from practitioners with first-hand knowledge of AcqMap did more than confirm the impressive ablation effectiveness AcqMap enabled in the clinical literature."