Callouts & quotes from 37,061+ activist slides

"We have serious concerns that Amcor is restating interest income amounts. This suggests cash control issues, and casts the reliability of Amcor’s reported cash on its balance sheet in doubt."

"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"

"By applying a discounted multiple range to our adjusted enterprise value and financial results, we derive a price target of $13.00 - $20.00 (40% - 60% downside) including entitled land value"

"The sheen is off Nevro. I've known [Nevro senior executive] for [redacted] years. I don't know that he's the right guy. I wouldn't buy stock in Nevro right now. Their story is getting stale."

"The disconnect between the clinical data and actual results is that the data said you get 70-75% pain reduction with high frequency. Probably less than 20% of patients in my region got that."

"Nevro started price reductions in the space after Grossman came in. Nevro drastically lowered pricing to get as much share as possible in 2019. It’s cutting your nose off to spite your face."

"We believe the media contract with the acquirer is highly likely for advertising through Ströer. If that conclusion is correct, Ströer effectively subsidized the purchase price for the flip."

"Best-in-class consultant that has worked with leading footwear and apparel companies including Nike, Adidas, Timberland and Wolverine Worldwide has identified $150-$200m of savings potential"

"Oasis presents shareholders with the choice of “A Better Kao” through the nomination of five highly qualified and independent candidates, sourced from a months-long extensive global process."

"Senior Independent Director Blanc's lack of engagement reflects a discrepancy with her public rhetoric, which could be interpreted as an abuse of the guardianship privileges afforded to her."

"The Company has significantly less financial leverage than its peers allowing it to acquire smaller building products companies that are currently operating at trough levels of profitability"

"This is 4 different stated facility sizes. Based on property records, Danimer never owned the surrounding land so how could they have had a 135-acre campus? Has Danimer downsized since 2014?"

"Totaling up the previous three categories, 73.2% are High Confidence bots. We think it is very likely that another 7.7% (4,143) are also bots, based on their “Early Joiner” behavior pattern."

"To believe in Nova's story that it has attractive gold prospects, one has to believe that management found a diamond in the rough where previous explorers failed to see the vast opportunity."

"The West Coast OPO stated that OPO’s are now eliminating the need for centers to use TransMedics, by simply offering OrganOx as a free, back-to-base service near the hospitals they work with"

"Your vote on the enclosed Gold Card will set in motion a clear plan to improve Phillips 66's operating performance, strengthen Board accountability and increase the value of your investment."

"Based on public import records, we find irrefutable evidence that international customers have been returning “defective parts” related to Leidos SD&A X-Ray systems for MV3D™ and ClearScan™."

"We believe this provides greater incentive to manipulate results. In the first year the metric was added, management vastly exceeded its target, while other metrics modestly exceeded targets"

"The investigator thoroughly trashed Vykat and the clinical trials, stating he saw no benefit in any of his enrollees; that he “encouraged them not to continue” into the open-label extension."

"Note that the pooled week-13 mean HbA1c is higher than baseline and unexpectedly elevated, even though it is comprised of 1/3 placebo patients suggesting the hidden DCCR mean is even higher."

"It definitely felt much more like an informercial, to be honest with you. But at the end of that, it was kind of like, oh, people were asking questions. Not one person asked about the price."

"LSPD is a significant outlier to other POS and financial technology peers as it relates to the amount of receivables it carries on its balance sheet, and its allowance for doubtful accounts."

"There has been a noticeable decline in LSPD’s long-term deferred revenue mix. The Company also no longer discloses that upfront payment contract election triggers a deferred revenue balance."

"The trials are a poster child for the weaknesses and loopholes in the FDA's fast-track approval process, where it appears that anything suffices for evidence in the case of a rare condition."

"Molecules containing basic nitrogen atoms tend to be more promiscuous in vivo and can show cardiovascular tox, driven by interaction with the hERG potassium on channel, and phospholipidosis."

"According to Lincoln International there are ~15 private equity (“PE”) platforms in the Security & Access Control Systems industry which completed 42 add-on deals in 2024 and 176 since 2019."

"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"

"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"

"Artificial Intelligence could not do any better. I asked ChatGPT for help and it said that it would be “challenging to provide an accurate forecast for Solvay’s earnings and EBITDA in 2028.”"

"The total quantifiable payments (not including Karimova’s expansive list of “consulting” services and “charitable” causes) made by Telia to Karimova fronts appears to exceed US $380 million."

"I am really impressed by IF – they have a strong brand name, are trusted by customers and are well known in the market as a high-tech modern player. — Former head of consumer at a competitor"

"The pipeline of potential water and wastewater municipal acquisitions the company is actively pursuing represents over 400,000 total customers. — Essential Utilities Press Release (Feb 2023)"

"Although currently we do not identify any material weaknesses in the process of self assessment, we have recognized significant weaknesses in internal controls. — Ocean Smart, Inc. 2009 10-K"

""WCT is an independent oil and gas company in which Mr. Ward retains no financial interest nor has any management or operational involvement." — SandRidge Energy consent revocation statement"

"Due to COVID-19 headwinds, this year, we also expect to see continued softness in our professional services bookings and our small business segments... — Dylan Smith, Q2 FY2021 Earnings Call"

"“They have relied on ‘service’ as a differentiator but over time ‘service’ became something the customer expected to do themselves with self-service.” — Former DVP of Business Transformation"

"Visits to several [PCC] facilities have highlighted the extent to which [PCC] seeks to involve every employee in efforts to improve productivity and reduce costs. — Cowen, September 22, 2004"

"Only monitoring device proven to detect atrial fibrillation with 100% sensitivity and 100% positive predictivity in the detection of ≥30-second AF episodes* — Philips MCOT Marketing Material"

"Exhibit 4: We reach our $33PT for NOVA by applying a 1.8x multiple to our estimated 30 year NAV using a 4% discount rate, implying 35% upside from the current price of $24.45. — Roth Capital"

"NVIDIA (NVDA) is up nearly 2,000% over the last five years, but would you believe that there's another stock -- a non-AI stock -- that's up even more? — Beauty Stock ELF Beats the King of AI"

"reducing costs is either cutting compensation or non-compensation costs. So in the end it’s going to come down to a reduction in compensation — Ken Jacobs, Lazard's CEO (Bloomberg interview)"

"“Segment operating income for Credit Karma includes all direct expenses, which is different from our other reportable segments where we do not allocate all corporate expenses.” — FY2023 10-K"

"we think the coverage-with-evidence-development process is very favorable because in fact you get paid while you're completing your clinical utility work. — Natera's Chief Commercial Officer"

"The act of deception intended to result in financial or personal gain or a benefit for the company is fraud and must be prevented or stopped. — Broadridge Code of Business Conduct and Ethics"

"“jury is still out” — Gingko Executive; “a concept on paper” — Gingko Executive; “hard to know” — Gingko Executive; “consistency issues” — Gingko Executive; “been smarter” — Gingko Executive"

"I work a lot with the boots on the ground at Lasertec, and they complain about having to maintain their light sources...[they] feel that management made some compromises.... — Ushio engineer"

"Absolutely. It's super confusing. It creates ill will. — Former Senior Executive. I feel like it's a bit of an oversell without iBuying. It's a bit of an oversell. — Former Senior Executive."

"SCIENCE APPLICATIONS INTERNATIONAL CORPORATION ENTERS INTO AGREEMENT WITH MANHATTAN U.S. ATTORNEY'S OFFICE TO FORFEIT MORE THAN $500 MILLION IN CONNECTION WITH CITYTIME PROJECT — Justice.gov"

"I didn't even know the letter was disclosed to the public. Even within Twist, we really downplayed that...I don't feel comfortable elaborating on that one, unfortunately. — Ex-Twist employee"

"On average, approximately 64.6% of our quarterly subscription-based paying membership accounts purchased our online marketing services in 2018 as compared to 60.2% in 2017. — 58.com 2018 20F"

"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 sender"

"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 sender"

"I can see no significant IP anywhere. And for instance, looking closely at their motors, they were using T motors. Those are hobby grade motors. Those are not aerospace products. — Dr. Moore"

"EUV light source for high-NA and low-NA lithography — Karl Umstadter, Matthew Graham, Michael Purvis, Alex Schafgans, Jayson Stewart, Peter Mayer, Daniel Brown (ASML SPIE paper, April 2023)."

"Public real estate has many advantages over private real estate including better alignment of interests, superior liquidity, higher quality assets and access to more investment alternatives"

"Each of our nominees is uniquely qualified to oversee and govern Office Depot and has the skill-set necessary to substantially improve the Company’s operating performance and enhance value."

"Box has an offering that is stickier than most SaaS products, but has not been as effective in converting Sales & Marketing dollars into bookings & revenue growth or sales rep productivity."

"To be clear, we do not believe that further integrating the supply chain is the right path for Dollar Tree, but it is clear that Dollar Tree has the systems in place to accommodate a multi-"