Callouts & quotes from 37,061+ activist slides

"the surgeon, in his own words is 'merely the technician'. The rep from NEVRO will instruct him where to place the leads (in my case, paddles). — Facebook support group for Nevro patients"

"Adelong represents a unique investment opportunity, combining near-term gold production potential with significant high-grade exploration upside and future antimony prospects. — Nova CEO"

"I never really 100% trusted they were, so I always made sure to get the exact times so the centers could make their own decision based on the numbers. — Former TransMedics OCS specialist"

"“if you were making a large bet on training data centers in the middle of nowhere, you may not feel as great about that.” — Waldemar Szlezak, global head of digital infrastructure at KKR"

"The patient's wife stated the patient complained of dizziness during the two-week WAKIX titration phase but did not report it to the sleep center or cardiologist. — FDA FAERS Case Report"

"Peter Chapman was saying that if you have to spend a lot of money to get a deal, that’s fine with me, I just want the signing. — Former employee cited in Scorpion's extensive 2021 report"

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

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

"I would like to inquire about possibility of hosting four young beautiful girls from Donetsk People's Republic, Russia (14-17 years old). They will be in trar bed do you have? — Vladimir"

"“they would actually swap out the A150 that we have with an A300 at a discounted price...because they wanted to try to get early purchase volume.” — Senior employee at Marvell Technology"

"“they would actually swap out the A150 that we have with an A300 at a discounted price...because they wanted to try to get early purchase volume.” — Senior employee at Marvell Technology"

"“they would actually swap out the A150 that we have with an A300 at a discounted price...because they wanted to try to get early purchase volume.” — Senior employee at Marvell Technology"

"Marathon’s prior Management and Board continued pointing towards the loss of integration benefits, which was quickly disproven, through thoughtful structuring and commercial engagement."

"If the courts rule against Genius, the Company's inability to provide exclusive data content, especially from its most valuable league partnership, would be detrimental to its business."

"Given the issues we have identified with founders Hasson and Spear and the deleterious impact they have had on FIGS' culture, we believe FIGS has succeeded, to date, in spite of itself."

"Given her vastly more limited work experience compared with previous CFO Lawrence, we believe the appointment of Daniella Turenshine represents a material downgrade in CFO capabilities."

"Dollar Tree has failed to execute on the turnaround of Family Dollar and the chain continues to languish, with flat-to-negative same-store sales growth and continued margin compression."

"XPO is increasing its amortization period assumptions, which lowers expenses and boosts earnings, while at the same time reducing disclosures when its Chief Accounting Officer resigned."

"We believe a majority of Monolithic's end markets are tied to cyclical industries, with the exception perhaps of communications, which MPWR has been diversifying away from, and storage."

"Comparisons to ADP’s competitors are most appropriate at the revenue and gross margin levels given the higher operating expense levels of ADP’s sub-scale and rapidly growing competitors"

"Importantly, note that Medtronic's React 71 – its newest and, per doctors with whom we've spoken, most popular neurovascular aspiration catheter – is not yet captured in the IQVIA data."

"We find it striking that Penumbra’s apparent unit sales growth in the neurovascular aspirator vertical has been negative even as the mechanical thrombectomy market grows at a brisk rate"

"We find it striking that Penumbra's apparent unit sales growth in the neurovascular aspirator vertical has been negative even as the mechanical thrombectomy market grows at a brisk rate"

"Importantly, note that Medtronic's React 71 – its newest and, per doctors with whom we've spoken, most popular neurovascular aspiration catheter – is not yet captured in the IQVIA data."

"Marathon’s prior Management and Board continued pointing towards the loss of integration benefits, which was quickly disproven, through thoughtful structuring and commercial engagement."

"The proposed transaction is the result of an improper and fraudulently concealed “crown jewel” lock-up buried in the JV agreements that Xerox and Fuji entered into at least 17 years ago"

"Leverage partner network (without the SG&A expense) to target SMB's that want a Single Point of Contact (SPOC) for setting up their office environment and PC companies looking to bundle"

"We find it concerning that management would make such a weakly supported claim, and that it wasn't even planning on discussing the change in maturity estimate until questioned about it."

"We believe that 3% SSS is conservative - it is in-line with better-performing peers, and 3 years of 3% SSS would just get Olive Garden's AUV back to the $4.8 million of a few years ago."

"Quantumscape projects a hockey stick revenue ramp in 4 years, reaching $3.2B and $6.4B by 2027/2028 with $808MM and $1.6B in EBITDA, respectively – approaching Google and Apple margins."

"In our view, Target’s more limited food offering partially explains why Target’s same-store-sales growth rate has been considerably weaker than Wal-Mart’s in every quarter since Q4 2007"

"On its October 26th conference call, Valeant management answered many important questions and disproved alleged accounting fraud, but did not adequately answer three important questions"

"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors."

"At best, we suspect IonQ concocted a shell for SPAC photo ops to conceal the device’s crudeness, as it suddenly appeared on their site right before the deal was announced in March 2021."

"Recognition of reality, and the accountability that comes with it at a public company, seem to be precisely what Hess's Management and Board are doing everything in their power to avoid"

"Recognition of reality, and the accountability that comes with it at a public company, seem to be precisely what Hess’s Management and Board are doing everything in their power to avoid"

"Recognition of reality, and the accountability that comes with it at a public company, seem to be precisely what Hess's Management and Board are doing everything in their power to avoid"

"Recognition of reality, and the accountability that comes with it at a public company, seem to be precisely what Hess’s Management and Board are doing everything in their power to avoid"

"Recognition of reality, and the accountability that comes with it at a public company, seem to be precisely what Hess's Management and Board are doing everything in their power to avoid"

"Recognition of reality, and the accountability that comes with it at a public company, seem to be precisely what Hess's Management and Board are doing everything in their power to avoid"

"If all aspects of our value creation plan are implemented by the company, we believe that Viacom’s common shares may trade at between $65-95.90/share or up to 135% above current levels."

"If all aspects of our value creation plan are implemented by the company, we believe that Viacom’s common shares may trade at between $65-95.90/share or up to 135% above current levels."

"If all aspects of our value creation plan are implemented by the company, we believe that Viacom’s common shares may trade at between $65-95.90/share or up to 135% above current levels."

"If all aspects of our value creation plan are implemented by the company, we believe that Viacom's common shares may trade at between $65-95.90/share or up to 135% above current levels."

"Based on management estimates and our independent research and analysis, we estimate 6% to 8% long-term revenue growth. Our estimate is a slight discount to Valeant management estimates"

"Over the last several years, Autodesk’s management team and Board have overseen a wide range of concerning issues and underperformance, which we believe makes clear the need for change."

"Autodesk Inc. fell by the most in almost a month after disclosing an internal investigation into its own accounting practices and putting off the release of its annual financial report."

"In contrast, after a decade both Nvidia and Tesla had already reached $2 billion in revenue (more than 2x TEM's revenue) and both were able to have at least one cash flow positive year."

"CPT code 81479 (Unlisted molecular pathology procedure) experienced substantial growth, increasing from $197.2 million to $470.2 million, representing a 34% compound annual growth rate."

"Shareholders should vote “AGAINST” to stop Management from continuing the value destruction and to set a path to unlock value by engaging in a full diagnostic and review of ACAS' assets"

"PowerSchool’s Intersect product may be operating in direct violation of several states’ student privacy laws which prohibit building student profiles and targeting ads to K-12 students."

"CONSOL's falling costs and recently implemented zero-based budgeting should bring cash costs toward $33 per ton next year, allowing it to remain quite profitable during the dislocation."

"Spruce Point believes the earnout structure allowed Evoqua to book Adjusted EBITDA and earnings for a transaction where management implied a high probability of failing to meet targets."

"We look forward to collaborating with Southwest to restore accountability and best-in-class financial performance for the benefit of the Company’s employees, customers and shareholders."

"Bulls counter that well economics are improving over time, and that Pioneer's newer technology and more extensive experience makes any analysis of its historical performance irrelevant."

"Spruce Point believes that the aggressive entry of third-party 3D printing labs into the clear aligner space could quickly render the aligner a low-value-added commodity in short order."

"Arconic’s most recent investor presentation utilizes every “trick in the book” (and then some), in a desperate attempt to spin Dr. Kleinfeld’s abysmal track record of shareholder return"

"Shareholders are concerned that constant guidance revisions represent a fundamental lack of managerial understanding of the EPS business, a business which has relatively high visibility"

"Arconic markets the roll-over of existing contracts as “winning new business” and claims new contract wins for deals previously won by companies it acquires – and is very cagey about it"

"If you had invested $100 in USFD it would be worth $46 less than the same investment in SYY, $43 less than the same investment in PFCG, $61 less than the same investment in the S&P 500."