Callouts & quotes from 37,061+ activist slides

"Allegedly keeping their own procurement surgeons in the dark; refuse to even tell them if a liver worked or was even transplanted"

"Mr. Barber’s UPS experience showed customers were willing to pay as much as 5% more for 2% better service (trip plan compliance)."

"HHC’s transformation into a leaner and more focused organization enabled the company to successfully navigate the impact of COVID"

"Is this a truly independent Board that is willing to ask the difficult questions and hold management accountable to shareholders?"

"Reduced headcount from 74 employees at peak to 38 employees today resulting in a more focused and investment-centric organization"

"We believe Carvana should not be valued as anything other than what it is: a poorly positioned, poorly capitalized auto retailer."

"We would question why the Board and management are so satisfied with returns that can only be charitably referred to as mediocre."

"The reluctance, despite Soleno’s over-the-top bombardment of patients and prescribers, indicates significant challenges for Vykat"

"Vykat is an ATP-sensitive potassium channel...magnesium is one of the important balancers that keeps us from not having seizures."

"SOFI has now had the questions for 18 days under our pseudonym and five days under our own name. They have answered none of them."

"Extravaganzas: As it does in the U.S. and as NuSkin has done in China, Herbalife holds large-scale motivational rallies in China."

"Harmony shows no citations, papers, or studies in support of the claim that pitolisant “increases histamine levels in the brain.”"

"Reps allegedly engaging in aggressive, unethical practices to find off-label patients for EDS; pressure to do so to keep your job"

"The established media industry has only limited time to develop new business models based on radically changed media consumption."

"In order to manufacture outperformance, the Company needs to assume both 1) an incorrect peer group and 2) a misleading timeframe"

"The recent investor day presentation in Dec was overt in talking up the shift to “Day-Time Liver Transplant” as a “Game Changer.”"

"I feel cynically or realistically, that they're marketing an extended-release to get a different drug so they can get the patent."

"Valeant has earned a >20% unleveraged return on the $20bn+ it has invested in acquisitions since 2008 (excluding tax benefits)(1)"

"We believe that the potential for value creation of the portfolio continues to be substantial relative to the market price of HHC"

"FNMA and FMCC share prices have decreased 3% and 1%, respectively, from our average cost at announcement date to January 19, 2018"

"Our findings paint a starkly different picture. HelloFresh is in steep decline, obscured by shifting metrics and quixotic pivots."

"In the face of deteriorating financial performance, CEO Bob Jordan claims that performance is “great” and that he is “very proud”"

"Despite positive progress, Platform trades at discount to its publicly traded segment peers and private-market transaction values"

"We believe that there may be a whole system of Indian (and possibly American) companies owned or operated by INS related parties."

"Despite positive progress, Platform trades at discount to its publicly-traded segment peers and private market transaction values"

"Based on our valuation analysis, we arrive at a fair value estimate for FCUV of $15 per share, well above current levels near $8."

"Regarding its China business, we found that Morinda is operating illegally in 60% of the provinces it is running its business in."

"Legacy Players, Die-Hard Fans Are Starting To Complain About The Aggressive Monetization Of PLTK Games, And Are Choosing To Leave"

"Disney has not provided a timetable for restoring the dividend beyond “achieving pre-Fox leverage levels,” which could take years"

"Lasertec reports the highest EBIT margin of any semicap equipment company in the world with more than one billion USD of revenue."

"Lasertec’s small, one-time EUV market opportunity is already exhausted, with little to no growth left in its flagship ACTIS line."

"If management executes on its growth and cost-cutting targets, normal earnings power should be in the high €6s per share in 2028."

"TeliaSonera’s dealings in Kazakhstan, Nepal and Cambodia are bereft with potentially problematic transactions, raising red flags."

"Marketing spend increased 74%, more than twice the rate of sales(3), while deals and allowances declined as a percentage of sales"

"While Campbell's intentions may have been admirable in trying to move into fresh food, its execution was abysmal. — Piper Jaffray"

"In recent years, we have pushed the [soup] business too hard on pricing and margin. — Board member & interim CEO Keith McLoughlin"

"They claim that their fabrics are antimicrobial. And I feel like the fabrics aren't like antimicrobial. — Former Manager on Tegus"

"“The majority of the company’s taxes naturally is paid in Beijing. In August, the Beijing company will even hold an event.” — Liu"

"“is the most attractive transaction available” — Capricorn Board; “either return it or do something else with it” — Capricorn CEO"

"The people who were working on this case have left that company, and I'll tell my colleagues and manager to keep quiet. — Analyst"

"NQ’s "Business Partners" ZTE, Huawei and Lenovo, Denied There Was Pre-installation Cooperation — The Beijing News, Oct. 30, 2013."

""Engine requisitioned a special meeting of shareholders, and the Company promptly set a meeting for August 20, 2024." — DND Board"

"“We were told, ‘Figure out product market fit and we’ll figure out margins later.’” — Former Samsara Director, Product Management"

"For Fiscal 2023, we discontinued elections under the Director Deferred Compensation Program. — Floor & Decor 2023 Proxy Statement"

"Supply chain issues, sales disappointment and concerns over Pepsi distribution and inventory — Annotation on Celsius stock chart."

"Like in a banana republic, the Board is playing tricks with the corporate machinery to ensure its reelection and remain in power."

"Thank you again for having me at Sohn. It’s always a great privilege. This time I’m told... next year will be live. I can’t wait."

""Management Visit Reinforces our Positive View"; Peter P. Appert and George K. Tong; Piper Jaffray; May 19, 2011. — Piper Jaffray"

"Waterpik has been for years, and I'm a bit surprised they bought it given product liability concerns — Former long-time executive"

"Barry Honig and Three Other Defendants Settle with SEC in Market Manipulation Case — Litigation Release No. 24529 / July 12, 2019"

"the Company could create a REIT spin-off that holds most – but not all – of the real estate assets. — Independent Covenant Review"

"“In 2006, I bought my 75% interest from four individuals,” stated Ms. Xu Rong, General Manager of Tianjin Yidatong — Ms. Xu Rong."

"We are controlled by the Founder Post-IPO Members, whose interests in our business may be different than yours. — CLEAR 2024 10-K"

"the stock has underperformed and we have concluded we would not be able to sell it for much — Burford Capital 2019 Interim Report"

"He said the price of a Buy America compliant EV Star would be a whopping $280K! — Morongo Basin Transit Authority (MBTA) official"

"Every % of tool availability is critical for mask shops that run 24/7…anything less than 85% is not acceptable — KLA Presentation"

"Any future changes in the estimated redemption amount will be recognized in the income statement... — TeliaSonera 2008 AR, p. 87."

"'inherently stable services based business model generates consistent underlying earnings' — TPC Group CEO (2Q12 Conference Call)"

"“That is very fraudulent for them to do that video... I suspect neither of these pictures are from that machine.” — Radiologist A"

"BE SHARPER. Clarify total company and category-specific strategies, improve transparency, add food & beverage expertise to Board"