Callouts & quotes from 37,061+ activist slides

"Does this suggest LSPD expected the future performance targets to fall short from the very onset of the transaction closing?"

"It appears sell-side analysts’ growth estimates are giving CTC the continuous benefit of its unsustainable accounting tricks"

"We believe that Tempus Labs (now promoted as Tempus AI) is their next big technology promotion that is likely to disappoint."

"In order to do so, we must develop or promote our rational actions and services in order to feed a larger emotional message."

"Wait, so selling detection systems to airports with air travel declining is a source of growth? Do you mean negative growth?"

"If housing finance reform is successful, we believe Fannie and Freddie will be worth multiples of their current share prices"

"And in 51job, Inc.'s (JOBS) Q1 2019 conference call, further validates that the job market is really not doing well in 2019:"

"We believe it is simply impossible to justify the price of the property to rise from $2M to $6.86M in just a matter of days."

"European filings strengthen our opinion that Morinda is not a thriving business, but is indeed falling apart on many fronts."

"Given that this is a “best-case” scenario given by the company 9 years ago, we assume that it is in reality lower than this."

"European filings strengthen our opinion that Morinda is not a thriving business, but is indeed falling apart on many fronts."

"We believe this is a false and misleading statement to investors, and a securities law violation. We reported it to the SEC."

"Mondelez has invested ~$1.5 billion to upgrade its manufacturing base, which should expand gross margins by ~250 bps by 2018"

"The sell-side analysts above don't say how they came to their Instrument revenue % numbers, but they have their own process."

"A150 needs a lot of support and it has a lot of issues; reliability, the big thing I hear offline is it's not very reliable."

"In the quarter ended September 30, 2023, Lasertec’s gross margin mysteriously collapsed from 56% to 36% with no explanation."

"Lasertec could be caught with inventory that they’re going to have to significantly mark down even to move on the A150 side."

"Synthetic production, which is around 70% of the market, is more expensive, uses ammonia and consumes 2-3 times more energy."

"Since DSP acquired Bonetone (now called HDClear) in 2011, it has continued to push out the timing of its revenue projections"

"Using given unlevered free cash flow estimates and Project Phoenix, IRRs for the PE Buyers could be 32% to 56% at $40/share."

"北京市海淀区私立新东方学校内部制度较完善，能够依照执行，会计核算较规范，财务管理较完善，会计报表的编制符合国家颁布的相关法规和《民间非营利组织会计制度》的规定，恰当的反映贵单位2011年12月31日的财务状况和2011年度的业务活动成果和现金流量。"

"Gunman in shooting that paralyzed Toronto bystander sent back to prison for continuing to meet with mobsters — National Post"

"Box will stay in Silicon Valley, CEO Aaron Levie says, despite 'absolutely insane' costs — Headline from public news article"

"“Sorry, there are 296 vehicles in Shanghai. I made a mistake about the number. I'll quote another price.” — CCME Salesperson"

"1/11/10: "[W]e're extremely proud of the efforts in maintaining our cash and liquidity position." — Alcoa/Arconic Leadership"

"“An attempt at an international launch has stalled and has been largely abandoned.” — Director, iRhythm, 12/29/24, Glassdoor"

"Dye & Durham CEO Matt Proud stepping down, ending controversial reign at Toronto legal software company — The Globe and Mail"

"Most likely, a permanent system can be installed almost as quickly as a temporary one — Ted Danforth, TSD Environomics, Inc."

"We model modest slack capacity in all periods but utilization rising over time to nearly 80% by the end of 2023E — JP Morgan"

"We have no plan for Fila to engage in wholesale... We will continue to operate Fila's self-operated model. — CFO Lai Shixian"

"“We believe BMY is the most likely acquisition candidate in our coverage universe…” — Citi Research Report, January 29, 2007"

"a team of very inexperienced people, who haven't seen a real product, and don't understand the real world. — Former employee"

"“Internet superspice” — Mr. Parsons (as cited in Brett Pulley, “Dick and Carl’s Goblet of Fire”, Forbes, December 26, 2005)."

""The investment banking profession will sell shit as long as shit can be sold" — Charlie Munger on SPACs, February 24, 2021."

"CEO Harold McGraw III comment during Q2 2011 earnings call discussion of McGraw-Hill's portfolio review. — Harold McGraw III"

"The quotation is 196 million. In the end the agreed-upon deal price is 190 million. — Huadong Paper Machinery Representative"

"“The purpose behind that [secondary sales] is to condition the market.” — Chris Bogart, February 3, 2019 Trading Update Call"

""Navarro was one of the most corrupt ministers there has been." [He was] "always open for business". — Former Mines Minister"

"According to a former DLO senior executive responsible for sales, FX gains are “where the magic happens” for DLO’s business."

"China is investing billions in Latin America, potentially sidelining US farmers for decades to come — InvestigateMidwest.org"

""It could be indicative of price pressure for premium placement or paying large amounts of admin fees." — Former PBH Manager"

""It could be indicative of price pressure for premium placement or paying large amounts of admin fees." — Former PBH Manager"

"“..additional upside exists if the company is able to successfully launch its own, branded whiskey.” — Apis Capital Dec 2015"

"“a person close to SoFi” claiming our conclusion about the impropriety of the loan transaction is “simply wrong.” — Barron's"

""Biotech Laboratories U.S.A. LLC ("Biotech"), an leading developer of rapid assay diagnostics testing" — Heska Press Release"

"“I’ve never seen a device manufacturer so boldly engage in off-label use themselves…it’s their technician.” — Unnamed source"

"“40-50% at least...they will use the device off-label.” — Transplant procurement surgeon previously working with TransMedics"

"I have done hundreds of biodistribution studies and literature reviews and I have never seen this. — Pharmacology consultant"

"In order to do so, we must develop or promote our rational actions and services in order to feed a larger emotional message."

"The CEO once proclaimed that Rotor X was a “once in a lifetime opportunity that came up”. — CEO YouTube interview on Rotor X"

"We maintain two leased properties in the City of Porterville that are used for assembly and manufacturing. — GreenPower 20-F"

"AAP has failed to capitalize on these tailwinds to generate the outperformance of its closest peers, O'Reilly and AutoZone."

"CMG’s winning value proposition is that it successfully competes in all the desirable attributes of out-of-home fast eating"

"Cash balances can be faked in China through a combination of document forgery... and the availability of balances for rent."

"We consider it a major red flag that Generac is now lowering EBITDA margin guidance by 50bps and blaming it on this reason."

"We require companies in which we invest to make appropriate and timely public disclosure of carbon and other GHG emissions."

"We are concerned that Box's solution appears to be hiring more reps rather than solving the underlying productivity issues."

"Importantly, we note that Carvana makes no mention of Garcia II’s background despite his status as controlling shareholder."

"Tessera should also leverage its platform to make small tuck-in patent acquisitions that compliment its existing portfolio."

"Tessera should consider only seeking back damages from Amkor and not enter into a new licensing agreement with the company."