Callouts & quotes from 37,061+ activist slides

"Although it wasn’t obvious to many at the time, the dislocation in the stock price due to the scandal provided a great buying opportunity."

"Consistent with the prior analysis, the two properties together should be valued around $18.4M, which is about 56% of the price IIPR paid."

"Our investigator visited the facility in March 2020 and confirmed that it belonged to Skymint, a brand operated by Green Peak Innovations."

"We believe new leadership is required at Southwest after years of consistent disappointments and a steadfast commitment to the status quo."

"We continue to believe that the opportunity for productivity improvements and margin expansion at Mondelez is significant even beyond 2018"

"Specifically, we believe that INS is engaging in several undisclosed related party transactions between itself and its employees in India."

"This suggests that Flexopt is essentially just round-tripping the cash from INS’s loan right back to INS through the processing agreement."

"We continue to believe that the opportunity for productivity improvements and margin expansion at Mondelez is significant even beyond 2018"

"It is clear to us that the CEO and his family who run this company do not have their interests aligned with the interests of shareholders."

"Leef Industries was purchased by Trulieve from Kort Potter, who has had fraud accusations against him related to a solar company he owned."

"PLTK’s Multiple Chinese IPO Attempts Failed Due To The “Gambling Akin” Nature Of Their Games, We Observe Similar Concerns Here In The U.S."

"Our investigation uncovers what we view as potentially systemic issues at Accor group in regard to human and especially child trafficking."

"Без проблем. У девочек и сопровождающих российские паспорта. Документ будет от администраций ЛНР и ДНР. От вас конфиденциальность ожидаем."

"We believe GSX overstates its capex investment in order to wash off the cash that was exaggerated on its balance sheet in the first place."

"Although TSMC can get by with its current DUV machines, the engineer stated that Lasertec’s product simply won’t work for TSCM’s 3nm node."

"Pershing Square's hedging strategy has generated substantial gains during multiple volatile market environments since the firm's inception"

"it is difficult to believe that Telia’s current board is so equivocal about whether Telia engaged in large scale corruption in Azerbaijan."

"Importantly, Management Expected 2023 COVID Sales to be the Trough With Sustained Growth Thereafter — Pfizer Q4 2022 Earnings Presentation"

"many of the characteristics of a Ponzi scheme — Bankruptcy Trustee in court documents regarding a company the Audit Chairman once advised."

"We have looked at our accounting practices. We feel very comfortable there....We are very anxious to get all this behind us. — Ted Leonsis"

"At the time of his departure, CSX was recognized as the only Class I designated as "Running Well/Fast," according to Loop Capital Markets."

"You may ask: “what is proprietary trading? And what is it doing at Hess?” We would answer: “No idea from disclosures” — Elliott Management"

"“We also have been granted the rolled products business” / “We have a rolling business and rolling is new to us.” — Alcoa Corp. management"

"Source: Panjiva for all records including Alpha Metallurgical Coal LLC and records prior to March 6, 2021 are from Contura Coal Sales, LLC"

"“We established four shifts and five people on each shift, so 20 people with four team leads.” — Ex-Twist employee in a manufacturing role"

"Through these relationships, we believe we understand the best places to procure our various product categories. — Floor & Decor 2022 10-K"

"“documents were being duplicated multiple times, all on paper, because they did not have a central repository.” — Former employee / Vendor"

"“Not very healthy. Tense and transactional. ... Again, not a lot of collaboration, not a lot of intimacy there, period.” — Former Employee"

"“For all periods presented, research and development costs were expensed as incurred and were not material” — Herbalife 2011 Annual Report"

"USE, LLEVE Y HABLE -> EL EQUIPO DE LOS PRESIDENTES EN 2 AÑOS — Manual de Entrenamiento para Distribuidores Herbalife (Buenos Aires, 2001)."

"PERION APPOINTS MIKE GLOVER, FORMER PRESIDENT OF INFOSPACE, AS GENERAL MANAGER OF SEARCH BUSINESS UNIT — Perion Network Ltd. Press Release"

"Source: Undertone Internal Study comparing performance of cookie-based targeting vs. SORT®. Only a sample of industries is shown in chart."

"「はい、現時点ではTSMCはレーザーテックについて決して満足していません。生産性に関してです。レーザーテック製の装置は非常に高額だけれど、そのわりに検査作業が遅い。」 — TSMCの元幹部で長年購買の責任者を務め、同社へレーザーテックの検査装置の導入を担当した人物、現大学教員"

"Welltower “competes for talent beyond just the REIT industry, including investment banks and private equity firms.” — Welltower 2026 Proxy"

"We exchanged 10 one-on-one learning centers in Guangzhou to Changing location, following the agreement signed in June 2015. — CFO Rong Luo"

"Insofern, E-Commerce per se ist glaube ich ein Thema, das man sich sehr, sehr vorsichtig anschauen muss. Schmerzhaft. — C. Sch. / P. W. M."

"We have created a strong path forward that reminds us of our early roots — Pershing Square Annual Investor Presentation, January 19, 2018."

"it's a very big concern...bananas...you're blocking insulin production in kids who are prone to obesity and diabetes. — Endocrinologist #7"

"Nutrition Clubs are not intended to nor may they attract "walk-in" traffic. — Herbalife "Sales & Marketing Plan and Business Rules" Manual"

"In November 2017, a shareholder of the Company sold certain ordinary shares to third party investors at US$7.28 per share. — QTT 2018 20-F"

"Без проблем. У девочек и сопровождающих российские паспорта. Документ будет от администраций ЛНР и ДНР. От вас конфиденциальность ожидаем."

"We believe this complete misstatement and twisting of the facts is typical of management's seemingly estranged relationship to the truth."

"Nuvei paid approximately $97 million for Base Commerce, yet incurred a suspiciously low $268k of acquisition costs expensed through SG&A."

"We believe AVY's free cash flow presentation is highly aggressive and analytically flawed in a manner that vastly overstates performance."

"However, despite the arguable imprecision, our rough estimate of approximately $5 billion is less than half the size of FIGS' stated TAM."

"Management exhibits aggression, evasion and persuasion on this issue as well, suggesting they likely are aggressively making their cases."

"We believe LODE's promotion of its new expansion into EV battery recycling is fraught with risks and a high degree of likelihood to fail."

"We Believe Change Is Needed After Years Of Missed Expectations And Poor Results. We Believe We Have A Superior Slate Of Director Nominees"

"Trying to finance this business’ way to profitability is like trying to turn the Titanic, while taking on tremendous risk in the interim."

"If CCI is unwilling to increase its dividend payout ratio today, we recommend CCI immediately increase leverage to 7.0x net debt / EBITDA"

"Disclaimer: This is an English translation of short-hand transcripts of the Ströer annual general meeting, which was conducted in German."

"But if you don't "discover" anything because there's nothing to discover, you have to think about how you can manipulate the share price."

"It is hard to think of an explanation other than fraud to explain why Superb Summit claims to own a company that it in fact does not own."

"It would not be unreasonable for Solventum to consider 75th percentile performance, implying a 27% margin, as an internal stretch target."

"Our view diverges wildly from the Street’s view based on a close forensic investigation, and not taking management’s story at face value."

"While ADP has grown its client count in SMB and international (including acquisitions), its Mid-Market and Enterprise performance is poor"

"Newell will need the guidance of an executive who has both helped oversee a major transformation and strengthened core brand performance."

"Spruce Point estimates that the new wellness center buildout could burn over $200M of cash over the next five years, and more thereafter."

"Spruce Point estimates that the new wellness center buildout could burn over $200M of cash over the next five years, and more thereafter."

"As shown below, we believe the Dell offer they claim is worth $109 is worth only $90 per share, a 42% discount to DVMT's intrinsic value!"