Callouts & quotes from 37,061+ activist slides

"He then laughed and wondered out loud if Bioprojet were “like FTX” or “intentionally doing criminal stuff” or “just basically naïve and being idiotic.”"

"In light of our findings that >17% of revenues are to Microsoft, a U.S. company, it’s remarkable that MPWR reports pre-tax losses from U.S. operations."

"While a dual share class structure benefits the controlling family, it is not in the best interest of all shareholders and overall corporate governance"

"We asked a second quantum computing expert to repeat the experiment, asking him to add 2 + 3 to see how often IonQ’s computer returned 5 as the answer."

"Herbalife has previously said collecting such information in an organized way would be unduly burdensome and costly, and would violate customer privacy"

"It appears to us that this Strategic Partnership was intended mainly to create the illusion that MOXC’s online advertising business generated revenues."

"While incompetence may explain some errors, the pattern consistently obscures data unfavorable to management. This raises questions about transparency."

"We should use Enterprise Value because business KPIs relate to the business operations. Enterprise Value captures the value of the business operations."

"QTT’s claim that it has no trading relationship with Shanghai Jusou is strange given what we see on Jusou’s website and Dianguan’s website as of today."

"This makes QTT's total loyalty program expenses (user acquisition expense + user engagement expense) $701.8 million, or 100.2% of SEC reported revenue."

"Conservatively assuming Valeant never makes another acquisition, has modest organic growth and reduces leverage significantly, the stock is inexpensive"

"It appears that Alimac purchased an empty piece of land for $1M and constructed a warehouse. The warehouse and the land was later sold to IIPR for $5M."

"Due to the dire financial state of the tenant, we allocate 20% discount to 2020 rent under the good case scenario and 100% under the bad case scenario."

"Four rooms, four girls and four adults. One adult one girl in each room. Do you have spa? Can you organise a pick up of all the guests? What about spa?"

"It appears to us that GSX's investee (Beijing Youlian) and disposed entity (Baijia Yuntu) continue to have its employees work in GSX's building/office."

"While Disney’s growth investments and M&A have contributed to total revenue growth of 41% between FY 2018-22, EPS has declined 50% over the same period"

"KLA will quickly replace Lasertec in the key inspection use cases in the mask shop at Intel, TSMC, and other customers; will also create price pressure"

"Fake capital expenditure press releases are a trick we see often in corporate frauds, to create the illusion of customer demand, expansion, and growth."

"We observed almost no activity, except for an occasional machine being delivered, as it serves only as a storage facility for finished goods inventory."

"“I do not think that the IRS has solar experts. So, when they audit us, we basically educating them on what is going on.” — Former Novogradac executive"

"11/2/19: BRK reports Q3 results which feature significant appreciation in BRK's insurance tangible book value. BRK's cash balance rises to $128 billion"

"4Q18 Review: Focus Shifts to the Potential Need for Capital & Potential for Insider Selling — Downgrading To Price Target To $21/share — Morgan Stanley"

"The unleashing of the avalanche alone is reason enough to press charges. In my opinion, this is nothing less than insider trading. — Shareholder at AGM"

""We've shipped so much of our fall/winter order book earlier, which naturally means less shipments in the next quarter." — Dani Reiss, Canada Goose CEO"

"We make tests intelligent by connecting laboratory results to a patient's own clinical data, thereby personalizing the results. — Tempus IPO Prospectus"

"“I am convinced that the only edge we have on our competitors, is the quality of our employees as reflected each day by the job they do.” — Bill Darden"

"It was more like I was working for Keurig than I was working for MBlock... I really never even had a boss while I was at MBlock. — Former MBlock worker"

"“We believe the stock performance is compelling evidence of the effectiveness of the Board and management” — Buffalo Wild Wings Media Statement, 3/8/17"

""We believe the stock performance is compelling evidence of the effectiveness of the Board and management" — Buffalo Wild Wings Media Statement, 3/8/17"

"We are not going to run for EBITDA per ton, we're going to run for total EBITDA out of this business. — Roy Harvey, CEO, Alcoa Corp., February 28, 2017"

"Example of Big Li continuously receiving gifts when off the air, especially from early morning (midnight to 6:35am Beijing time) on September 19, 2020."

"Stacy Nieuwoudt, Elliott nominee for Phillips 66’s (NYSE: PSX) Board, explores how breaking up large energy conglomerates can unlock significant value."

"In the gaming industry, Skillz does not have good brand recognition. Most of the players in the industry consider them a joke. — Former Skillz employee"

"When they opt out, we don't create alternative accurate and persistent identifiers, typically called device fingerprints. — Adam Foroughi, AppLovin CEO"

"“The chief executive, Joseph Yam, and I did seriously evaluate the various options including unpegging” — Antony Leung, Financial Secretary (2001-2003)"

"I have tens of thousands of people selling with us around the market today at -- with the Microsoft Azure team. — CEO Siebel, Needham Conf Jan 11, 2022"

""We are proud to become a part of the DoubleVerify organization and are excited to expand our breadth of publisher solutions globally." — Dennis Clerke"

"“The Company’s research and development is primarily performed by outside consultants and is less than $2 million per year” — Herbalife 2004 Prospectus"

"You are required to use the Evidence SYNC software which reads the Axon devices via a USB connection. — Justin Taylor, Technical Support Representative"

"We manufacture products such as camera bags, laptop bags, protective cases, and paintball gear in our Guangdong, China factory. — Konda Industries Ltd."

"Overall, revenue growth trends continue to show strength 5-plus weeks into the fourth quarter, and we expect them to continue. — Management (Conf call)"

"最も有望な成長機会は海外の化粧品市場にある。この業界には多くの成長機会が存在している一方、花王にとって最も有望な収益・利益成長の可能性は、海外における、ダーマスキンケア、一部の大衆向けおよび高級化粧品ブランド、そして花王にとって最大となる大衆向けスキンケア＆パーソナルケアのブランドに秘められています。"

"A congressional report dubbed Boeing under Mr. Muilenburg as having a “culture of concealment” and putting corporate goals and profits ahead of safety."

"if we had to add 20% of mass of batteries cells back into this, it would impact our payload by about 300lbs — Alex Garwood, Head of Battery Development"

"So problem solving—that kind of thing was not in AJR's wheelhouse. It was more like repeat orders over and over. They never grew. — Former AJR Employee"

"THIRD POINT, ONE OF NESTLÉ'S LARGEST INVESTORS, OFFERS THIS ROADMAP TO ENSURE NESTLÉ MAINTAINS ITS COMPETITIVE POSITION AND ACHIEVES LONG-TERM SUCCESS"

"Agilent's share price including dividends increased 12% from our average cost at inception to December 31, 2019, and decreased 2% year-to-date in 2020"

"All information provided herein is for informational purposes only and should not be deemed as a recommendation to buy or sell any security mentioned."

"EDU is a For Profit, but has Submitted Financials to its PRC Regulator, and Likely to Deloitte, that Claim Otherwise. These Financials are Fraudulent."

"Yes, FIGS experienced rapid revenue growth. That is why it would be all the more shocking that FIGS management would misrepresent its financial scale."

"Zoetis stock increased 35% including dividends from inception of our position to date, and increased 31% including dividends from inception to YE 2014"

"Spruce Point finds alarming evidence that WTRG's operating cash flow margin is in continued decline - having been 48.2% in 2017 to just 23.9% in 2022."

"WTRG's Ability To Cover Its Divdend Has Been Declining As It Scales NOT Improving. Free Cash Flow Available For Dividends Started Worsening In FY 2018"

"As opposed to being a case study in success, it has proved to be a case study in under-appreciated market risk in would-be opportunistic acquisitions."

"The yearly rates of mild, moderate and severe events are significantly higher for Aquablation than the minimally invasive surgical therapies analyzed."

"Ultimately, we believe that if Dollar Tree executes the key points of our proposed plan, the Company would be worth as much as $150 per share or more."

"The fact that individual members of the supervisory board have a certain relationship with the company or with its partners is also absolutely normal."

"We appreciate and are humbled by the support our slate received from our fellow shareholders, Dye & Durham employees and leading proxy advisory firms."

"MPWR appears to have a rocky relationship with its largest customer, yet somehow manages “very smooth growth” and is “adept” at “managing the margin”."

"Vivendi's slate is bundled together, and a number of its nominees have close ties to the Bolloré empire or are simply not suitable candidates to serve"