Callouts & quotes from 37,061+ activist slides

"It would almost seem like Burnette bought the company at $325,000, used government money and flipped into an instant 4x profit. This looks like a scam transaction to us."

"Хотел бы уточнить о возможности размещения четырех детей из ДНР в вашем отеле 22-27 марта 2026 г. для размещения их в семье. Милые девочки возрастом 14-16 лет. Красотки!"

"Хотел бы уточнить о возможности размещения четырех детей из ДНР в вашем отеле 22-27 марта 2026 г. для размещения их в семьи. Милые девочки возрастом 14-16 лет. Красотки!"

"Хотел бы уточнить о возможности размещения четырех детей из ДНР в вашем отеле 22-27 марта 2026 г. для размещения их в семьи. Милые девочки возрастом 14-16 лет. Красотки!"

"EH’s “design and testing center” appears to be a narrow area of concrete/brick spanning a couple hundred yards with one landing pad and what appears to be storage space."

"We suspect GSX committed CAPEX fraud in its commercial building purchase, and in reality paid a substantially lower price for the real estate than reported to investors."

"Despite these recent missteps, which have badly damaged the credibility of management and the Board, we believe that Perrigo has a strong franchise with valuable assets."

"In the event we are unable to obtain sufficient capital, we may need to take steps to conserve cash by reducing our capital expenditures or dividend payments — 2011 10-K"

"Activist short sellers" borrow shares, sell them for 50 euros and then think about how they can manipulate the price, i.e. how can they make the price fall. — Udo Müller"

"Michael (CEO) doesn't like people asking questions he doesn't like. And Alan was doing his job as audit chairman and sort of rocked the boat too much. — Former Executive"

"1/12/09: “We completed a new smelter in Iceland, a location that gives us access to some of the most competitive and sustainable energy in the world.” — Alcoa Management"

"“YY 59 Talk Show /992 Nights Channel Urgently Needs Room Managers. Compensation: a YY bear, a YY bag, YY swag, and lots of Y Coin await you.” — Recruitment Advertisement"

"Fletcher Asset Management, was described as having characteristics of a Ponzi scheme, and filed for bankruptcy protection in June 2012. — Spruce Point Capital Management"

"Fletcher Asset Management, was described as having characteristics of a Ponzi scheme, and filed for bankruptcy protection in June 2012. — Spruce Point Capital Management"

"We will, however, continue to deduct unrealised litigation gains from NAV for purposes of the Adviser’s performance fee computation. — Burford Capital 2011 Annual Report"

"The Cayman Islands corporate registry indicated that Ever Alpha Fund L.P. was a de novo entity that had only been formed about only two months prior to Twist’s Series D."

"Yeah. Only good surprises. Really it's a terrific business. We expected 15-plus percent sales growth and we should easily exceed that target in 2019. — Rick Dierker, CFO"

"“…payment processing is a race to the bottom in terms of margins in that business. And Intuit was not the most competitive.” — Former Executive at Intuit, Tegus, 2/18/22"

"レーザーテック製の光源は稼働率が60%以下という低い水準に留まっているのに対比して、ASML製の光源は稼働率が96%と高い水準にあることがわかった。また、重要な部品であるコレクターについては、ASML製は寿命が1年以上なのに対比して、レーザーテック製は寿命がわずか数週間に留まっていることもわかった。 — Scorpion Capital"

"high recovery of silver from various metallurgical processes for sulphide, transition and oxide styles of mineralization — New Pacific Metals (August 2019 press release)"

"Three workers were very willing to speak with our investigators. They expressed their opinion that the management was "very unprofessional." — Muddy Waters Investigators"

"WINFertility Adds Cleo's Family Support Programs to WIN Family Services, a Comprehensive and Personalized Inclusive Family-Planning Support Program for Employers — PRWeb"

""The Compensation Committee does not believe that equity-based incentives are a valuable incentive for employees of the Company" — Weis Proxy Statement, p. 8, April 2018"

"Notice of Public Announcement of the List of Qualified Standardized Livestock Farm Projects by the Huishan Dairy Group in Shenyang City in 2015 — Government Announcement"

"Nevro was "the first kid on the block" with paresthesia-free but doctors who "were enthralled with Nevro are not as enthralled" now. — Former high-volume Nevro implanter"

"I'm fairly well read, but there's definitely some things that you brought up that is new information for me — Endocrinologist in TX, private practice with 5 PWS patients"

"3 heavily instrumented for flight testing and the remainder as Launch Edition aircraft for early commercial deployment — Archer Aviation Q4 2024 Earnings Call Transcript"

"That balance sheet is the balance sheet from hell...doing nothing about it, except for spending more than they have. — Jim Cramer, Nov 17, 2022 – Cramer’s Investing Club"

"“challenging to provide an accurate forecast for Solvay’s earnings and EBITDA in 2028 due to the inherent uncertainties and unpredictability of future events.” — ChatGPT"

"Kalshi appears to have a "build your combo" parlay feature for tonight's Bengals-Broncos game in its new app update released an hour ago — Dan Bernstein (@dan_bernstein)"

"Spruce Point is baffled why a “monthly” income fund would own a stock that pays a quarterly dividend, and is hard pressed to see why a paltry 0.18% yield is attractive."

"It appears that WTRG may be inflating revenues by making a stealth change in 2021 that included in revenues the full impact of infrastructure rehabilitation surcharges."

"Doug Cole failed to disclose his involvement with AV Therapeutics. Cole's relationship with Aquino Milling dates to an agreement with Objective Equity in December 2012."

"Elliott has nominated seven highly qualified candidates with best-in-class experience in refining and midstream operations, capital allocation and complex transactions."

"We are not surprised to see XPO management starting to engage in more aggressive accounting and business practices now that it has less and less at risk in the venture."

"The fact is that once the families had consolidated their hold on the partnership limited by shares (KGaA), they sold about € 480 million worth of shares. Is that true?"

"The do-it-yourself manufacturing and distribution decisions proved to be ruinous because once the shortage was resolved, it left the company with a high-cost structure."

"Elliott has nominated seven highly qualified candidates with best-in-class experience in refining and midstream operations, capital allocation and complex transactions."

"The new Board is doing exactly what they were entrusted to do by shareholders: Holding management accountable and ensuring that the best leaders are running the Company"

"PSH’s long-term debt management strategy is to manage leverage over time by increasing NAV through strong performance and laddering its maturities through new issuances"

"Visibility and quality of Mercury’s backlog appears to be deteriorating. It just reported a multiyear low of backlog expected to be shipped over the next twelve months."

"As we suggested in our initial report, Cash & Equivalents would be double counted if Eurofins failed to net (technically "eliminate") Related Party Pooling Receivables."

"Veterinary drug diversion, while ethically questionable, is technically not illegal in most states - and, where it is, the relevant laws often aren't strictly enforced."

"However, as shown below, Autodesk's projected underlying incremental margins compare poorly to peers when adjusting for the estimated impact of the workforce reduction."

"We spoke with someone at the neighboring business who said they never see anyone there and that security often puts packages piling up outside the door into the office."

"The first archived version of Blacksand's website appeared a month after the commercial announcement that TAO Commodities (now IPX) would explore its commercialization."

"Our key assumptions involve uncertainties and there are a variety of things that could go right for IPX and would be beneficial for upside potential to its share price."

"In our experience, poor performing companies commonly blame weak operating performance on asset quality when it is, in fact, driven by an ineffective operating culture."

"Quantumscape claims their battery can be charged 1,000 times, equal to 300k miles, with >80% energy retention – once again based on a small, single-layer lab prototype."

"Red flag 2: The battery life chart appears to be fabricated, as it shows a cell being discharged at over 100% of its energy, which common sense indicates is impossible."

"In 2008, Target’s bad debt expense as a % of average receivables increased to 14.4% from 6.6% the year prior. This compares to 7.3% for Target’s credit card competitors"

"Now, as emergency funds are running out, district leaders across the U.S. are facing difficult choices on how to prioritize spending their increasingly limited budgets."

"PWSC trades at 25x its guidance for FY24 EBITDA, adjusted for capitalized software development costs, which is a significant premium to the education technology sector."

"Another former senior Xylem executive warned to be careful of the digital story. We learned that Pure Technologies does not make money and has no path to profitability."

"Deliberate overproduction of K-cups and refusal to ship from multiple locations gave cover for a “shell game that Green Mountain was playing across all its facilities.”"

"Part of the improved economics comes from cherry picking. In the current low price environment, Pioneer and others are drilling their best, lowest-cost prospects first."

"The reality: the economics of clear aligners are on the precipice of a radical shift – and it has little to do with SmileDirectClub or other direct-to-consumer players."

"Since 2014, the average delta between cost and pricing percent increase is now 16% for LTL peers compared to the Company's core Expedited LTL's delta of negative (13%)."

"Over nearly two years, Elliott has spoken with hundreds of current and former Arconic employees: key talent is leaving, plants are demoralized and pensioners are scared"

"Arconic’s $228 million EBITDA target in 2019 is more than $200 million below original target and, even if achieved, would result in an unacceptable return on investment"