Callouts & quotes from 155+ activist slides

"Unlike all peers, Keisei has no Capital Allocation Policy at all and falls short across all capital allocation metrics as a result"

"Traditional sources of private sector capital are unlikely to provide new startups with sufficient funding to replace the GSEs"

"Banks are unlikely to significantly increase the amount of long-term, fixed-rate mortgages they retain on their balance sheets"

"Based on these analytics, new for CY24 SKUs appear highly unlikely to have materially impacted imported inventory value / kg"

"We believe it is extremely unlikely Olam can achieve the targeted production levels, especially across the full 6,000 Ha."

"we view it as wholly unlikely that mass market education companies are able to generate gross margins in excess of 50%."

"Unlike its two better-performing peers, Crown Castle does not report its own ROIC metric to the investment community."

"Spruce Point believes that it is highly unlikely that Axon will parlay video AI to shoehorn their way into CAD / RMS."

"Unlike traditional IPOs where buyers have all the leverage, PF GGP's equity is already fully committed pre-offering."

"We believe the Independent Peer Group is an appropriate peer group for AOL, unlike the Company's current peer group."

"Unlike peers, HMA does not have a Board specific committee with direct oversight of both compliance and quality"

"Based on recent shareholder-unfriendly actions, this Board seems highly unlikely to stand up for shareholders."

"Given their actions to date, we believe these four directors are highly unlikely to demand accountability."

"The convertible, unlike a cash payment, now potentially puts shareholders at risk of future dilution."

"We believe Perion is unlikely to win the global partner award if it didn't make the regional list."

"CTO’s dividend coverage ratio in FY 2024 was just 0.74x, unlike a peer average of 1.47x in 2024."

"Unlike its pure media industry players, Disney generates ~70% of EBIT from Parks & Experiences."

"Unlike its pure media industry players, Disney generates ~70% of EBIT from Parks & Experiences."

"Private label securitization is unlikely to experience a resurgence in the near to medium term"

"Price unjustified for repurposed, generic diazoxide – “disgusted” and unlikely to recommend it"

"Consequently, unlike many currency boards, the HKD system can be quickly and easily amended"

"CURRENT PORTFOLIO UNLIKELY TO SUSTAINABLY DELIVER MID-SINGLE DIGIT % ORGANIC SALES GROWTH"

"This rapid transition remains a massive challenge and appears increasingly unlikely."

"We Believe Prediction Markets Are Unlikely To Expand TAM For OSBs In The Near Future"

"Unlike industry peers below, WTRG noticeably does not discuss operating cash flow."

"Smartphone-paired devices provide real-time monitoring, unlike the Zio XT/Monitor."

"Notice there’s no free shipping unlike almost every other product and no price!"

"Consensus estimates imply extremely unlikely Q4 core growth ex-new products"

"Consensus estimates imply extremely unlikely Q4 core growth ex-new products"

"A major source of past revenue is unlikely to return to past levels."

"are unlikely to be transformational today — RAND Corporation"

"We believe this is an outlier and unlikely to be sustained"

"We think this joint venture is unlikely to proceed"

"Performance and execution are unlikely to improve"

"Why is TIP REIT Unlike Any Existing REIT Today?"