Callouts & quotes from 37,061+ activist slides

"For transactions identified as tax deductible for U.S. purposes, 89% of combined enterprise values have been ascribed to G&I."

"Was The “Affiliate” Program Started In Response To A Dept of Labor Investigation About Underpaying Fire Protection Employees?"

"Cintas appears to have desperately needed to purchase G&K, raising its initial bid of $76.00 all the way to $97.50 per share."

"We believe Amcor’s Statement of Cash Flow does not comply with FASB guidelines as it does not show restricted cash movements."

"Elliott believes the adoption of the Accelerate Hyundai Proposals can benefit all stakeholders across the Hyundai Motor Group"

"Dillard's is currently trading at ~12% free cash flow yield and has been using all of its free cash flow to repurchase shares"

"Gone are the days when a bank will give you a free toaster for opening an account; these days they are giving back the dough."

"Nevro claims that only 1.2% of Wave writer devices are explanted because of failure, and that only 3.7% are explanted overall"

"If all the patients were included, the explant rate in the study would have been closer to 50% [versus the 33% in the paper]."

"In a space driven by the trendy new device, the color suggests that Saluda is the "new Nevro" while Nevro is yesterday's fad."

"Spruce Point believes the Digital ID model does not work for CLEAR and data security risk for CLEAR is a significant concern."

"Spent 8+ years planning succession, extended Mr. Iger's contract 5x, then effectively admitted in 3 years they made a mistake"

"Post-restructuring and a new capital raise, the American taxpayers will continue to own majority stakes in Fannie and Freddie"

"The data does not support the board's argument that the integrated strategy results in superior returns over the long-term..."

"BUR has been highly reliant on only four cases for its monetizations, showing that its broader portfolio has lacked strength."

"That being said, it appears that RedChip has more at stake than at least two of Nova’s Board members, including the Chairman."

"Hilton is a high-quality, asset-light, high-margin business with significant growth potential led by a superb management team"

"We continue to believe that any proposal for housing finance reform must satisfy the following conditions in order to succeed"

"However, this target was reset lower after FY 2014 – the only year during which management did not handily exceed the target!"

"If this were actually impaired inventory and written-down in the current period, IRBT's Net Income would have been wiped out!"

"With over 300 years of collective experience, IEP’s investment and legal team is capable of unlocking a target’s hidden value"

"Phase 3 was a “cherry-picking exercise” with a post-hoc subgroup analysis, “quite underwhelming”; “big safety signal as well”"

"Simple for Blue Shield to force generic substitution; insurers providing initial coverage will eventually why not use generic"

"The drug works in terms of losing weight. I can say that they lost at least 10% of body weight over the course of six months."

"These investors are seeking security, stability, long-term inflation-protection, and a higher yield than that offered by TIPS"

"The CDER Clinical Pharmacology Review states the steady-state level is based on an undisclosed “Harmony model” – a black box."

"Below we list the large number of serious adverse events which indicate cardiotoxicity – generally requiring hospitalization."

"Bristol-Myers continued to decline in the following months, losing more than $40 billion in market value by late October 2016"

"Wouldn't MSCI investors be better served with a Financial Expert on the Audit Committee with a U.S. CPA trained in U.S. GAAP?"

"The charges were exponentially higher due to the forced tying of the device to the service – classic anticompetitive conduct."

"The larger the difference between EV/Revenue and EV/EBITDA, the less profitable the business and the lower the EBITDA margin."

"Nine consecutive quarters of double-digit EPS growth, every quarter since Seifi became CEO, despite significant f/x headwinds"

"VRX’s share price declined 86% in 2016 driven by significant business disruption exacerbated by high absolute leverage levels"

"The only website snapshot on archive.org is from December 2024 and shows a 404 error, i.e. there was nothing on that website."

"Shareholders should demand transparency on the numerous acquisitions and spin-offs where company insiders are counterparties."

"Despite this fact, GSX's stock has been outperforming its major competitors by a large margin. There is clearly a disconnect."

"We believe Barclays' chart makes Kalshi's hold rate look much higher when measured against true notional traded (both sides)."

"We urge you, our fellow shareholders, to VOTE FOR each of the Resolutions at the EGM to set Capricorn in the right direction."

"“A Florida company’s $115 million sewer bid stuns a suburban Philly town,” Aug 21, 2022, Philadelphia Inquirer — Footnote (1)"

"The investment was funded with cash on hand for approximately €100 million (approximately $110 million). — Xylem Q1 2023 10-Q"

"Engine Capital Comments on Dye & Durham's Decision to Unduly Delay Special Meeting to December — Engine Capital Press Release"

"Solar loans started outperforming third-party-owned solar in early 2018. — Loanpal Now No. 1 In The Booming Solar Loan Market"

"We have not been able to determine the specific year we began serving as auditor of the Company. — PricewaterhouseCoopers LLP"

"“Out Of Control”: Dozens of Telehealth Startups Sent Sensitive Health Information to Big Tech Companies — The Markup and STAT"

""Our strategy is working, as evidenced by our strong financial results..." — Disney Letter to Shareholders, February 12, 2024"

"InfoSpace's success was an illusion, built on accounting tricks and the hype of charismatic founder Jain. — The Seattle Times"

"ASMLの資料を見れば当該改造がどれだけ複雑で難しいのかがわかる。とりわけ、開口数0.33の極端紫外線のリソグラフィとマスク検査と比べて、アナモルフィックレンズ系の導入と照明系および投影光学系の拡大が必要になる。 — Scorpion Capital"

"「レーザーテックは、当社がA300を購入する場合、私たちが持っているA150と交換する形でA300を割引価格で売却すると申し出ました。……いずれにしても、その時点で手許のA150の残存価値はさほどないでしょう」 — マーベル・テクノロジーの上席従業員"

"The Lead Independent Director, especially in a dual Chairman and CEO role, should be like ‘Caesar's wife’ - beyond suspicion."

"NOT TRUE: In 2018, procedures increased from 7,150 to 8,200 or 15% between Q4'17 and Q1'18 — Spruce Point Capital Management."

"We will not sit idly by and watch Xerox continue to drift towards extinction. We will not be held hostage by the "old guard.""

"Everything [they're] doing is incremental. [They] need to make radical changes. — Wolfe Research Weekly Webcast, October 2023"

"WE NEED MORE DISSENTING OPINIONS. — Cartoon character; WE AGREE 100% — Cartoon character; ABSOLUTELY, SIR — Cartoon character"

""Our strategy is working, as evidenced by our strong financial results..." — Disney Letter to Shareholders, February 12, 2024"

"WAKIX is the first and only FDA-approved treatment for people with narcolepsy that is not a controlled substance. — Wakix.com"

"The report suggests that the patient believed that the emboli were associated with pitolisant but that "nobody" believed him."

"The Company believes it is probable that this event will occur in the second quarter of 2019. — New Age Beverage Corp. (NBEV)"

"“English Vocabulary Bible”, which was recommended by many people including Minhong Yu, the founder of New Oriental Education."

"“there was definitely a lot of frustration around” — Former Lasertec field service engineer who worked in the Intel mask shop"

"“in the EUV space, 90%-plus of reticles are running through KLA systems” – KLA CFO Bren Higgins at Morgan Stanley, March 2023"