Callouts & quotes from 37,061+ activist slides

"Sony recently indicated the PS5 next-gen console will launch in CY20. Implies CY19 another down year in console unit sales."

"The physician speculated that Soleno wasn’t expecting FDA approval and seems to be lacking a commercial, field rep presence"

"Chinese Distributors confirm that “Hourly Consulting Fees” are far more lucrative than selling products to retail customers"

"Only a single sentence on cardiovascular safety in the papers for the pivotal phase 3 narcolepsy trials, with no data shown"

"Comparable supplier gross margins rarely exceed the mid-30% range, supporting our view that these systems are commoditized."

"Spruce Point believes that Porch’s partnership with home inspectors is a last ditch effort to make its business model work."

"But that important fact of common control wasn't disclosed at the time of the sale in 2014. We doubt this was an oversight."

"There really is no strategic relationship when dealing with Yorkville. They are a predatory fund, not a long-term investor."

"We believe the previous purchase price of $2M just days prior to IIPR’s purchase to be more accurate value of the property."

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

"INOD is sticking to what they’ve always done – manual data entry, but they are talking as if they are the innovators in AI."

"Ultimately, we believe Ceres embodies a fundamentally flawed business model unfit for a public company in its current form."

"We calculate this $22 million sale may have accounted for 50% of IONQ's core quantum computing revenues through Q3 in 2025."

"There really is no strategic relationship when dealing with Yorkville. They are a predatory fund, not a long-term investor."

"Love it! I'd also like to have a transfer from the airport, daily private masseuse and add flowers and condoms in the room."

"In light of our research, we find many statements by management to be gross misrepresentations, bordering on outright lies."

"As investors, we can’t change the course of events, but we can attempt to protect capital in the face of foreseeable risks."

"In other words, a Chinese court could liquidate EH’s equity to repay the creditor, rendering its ADRs completely worthless."

"After touring the whole building and speaking with numerous personnel on site, we concluded that this claim was also false."

"According to the prospectus filed in November 2019, insiders and former shareholders have been selling shares aggressively."

"Intel pushed Lasertec to develop an actinic tool in an unrealistic timeframe; forced them to hastily pick a source supplier"

"No signs of progress for a fab are visible – not what one would expect if a major phase of construction began 8 months ago."

"We believe the clues in Sorena Turbine’s video can be used to match its location to the company address in Chitgar, Tehran."

"Telia has shown that it is a mediocre operator in its northern European business, where net sales have declined since 2009."

"They've got a reputation to repair. — Michael Heim, Elliott nominee for Phillips 66's Board and Co-Founder, Targa Resources"

"There's an opportunity to get invested in our stock when the June (2013) lock-up expiration comes — CEO Peters on Mad Money"

""Popular scrubs company FIGS generates backlash from women in medicine and DOs after insensitive video" — CNN, Oct 15, 2020"

"“Before I launch into our boring financial report, I want to review my truly awesome gym workout stats!” — CartoonStock.com"

"“I am incredibly excited to unveil IonQ’s new quantum computer, the most powerful on the market.” — Peter Chapman, IonQ CEO"

"“We've got the best QPU today, is now built a chip, which has got multiple zones of computation.” — Peter Chapman, IonQ CEO"

"get overly concerned about that new business win rate because less of the business is geared to AUC — BNY Mellon Management"

"David Taylor told Nelson that “We cannot bring in outside people at too senior a level or they will fail”(1) — David Taylor"

"Now it has clearly taken longer and cost a lot more than either we or UBS expected. — Broadridge Management (March 7, 2022)"

"Not to worry though, Olam CEO Sunny Verghese says that management runs a “clean honest business”. — Olam CEO Sunny Verghese"

"“always segregated clients’ funds from proprietary, never had deficit even before IPO.” — dLocal management (via JP Morgan)"

"Atrasentan in patients with diabetes and chronic kidney disease — Vincenzo Sepe, Carmelo Libetta (Lancet January 25, 2020)."

"The amount of mercury disposed was caused by the large quantity of product returned from a customer — Heska 2019 TRI Report"

"A KOL stated that Nevro "has always played a lot of games" with another adding the study was "rigged" and not reproducible."

"Nevro “did a very good job of managing and buffering the patient from the physician.” — Longtime executive in the SCS space"

"We want to be a company that is not compared to P&G or Unilever. — President Hasebe, Weekly Economist Interview, April 2021"

"「インテルはレーザーテックに約5年前で3億〜5億ドルを前払いという形で投資したと憶測している、と語った。しかし、大分割り引いた金額だったでしょう。レーザーテックにとって、対象の装置の開発は大した利益率にはなっていないでしょう。」 — 元KLA幹部"

"「プロセスとしてうまく制御されていない」。「何とか光を引き出すことはできますが、条件的には厳しいです。不良技術を採用すれば、思うように稼働しません。放電生成プラズマ方式には本来的な問題があります」。 — Intel Senior Engineer"

"“frequently discarded as they are associated with an increased risk of mortality and graft loss.” — Transplantation journal"

"“I am skeptical that Inspire will take a large market share; people just do not want surgery.” — Senior clinician at the VA"

"“I hope we can get over $40 million this year in Patch.” — CEO Tim Armstrong, 1Q12 conference call, 5/9/12 (emphasis added)"

"Spruce Point has identified a concerning number of executive departures in Remitly's legal, compliance and risk functions."

"Given the lack of pivot, the revenue outcomes for Southwest have, frankly, not been acceptable in the current environment."

"Short-and intermediate-term headwinds remain strong and will require transformational leadership and innovative solutions."

"We believe that the Board will benefit greatly by having a representative of a significant shareholder serve on the Board."

"There’s an enormous disconnect between the financial targets provided for LiNiCo and the valuation placed on the business."

"How is it appropriate that the family of the CEO is a frequent competitor to SandRidge, in the company's primary business?"

"We are fully and completely aligned with Box’s stockholders – we only do well if the Company does well over the long-term."

"We rate American Tower Corp. (NYSE: AMT) a Strong Sell and value it at $44.57 per share, representing a downside of 40.3%."

"Is this a legitimate source of gross profit for Carvana, considering that it is generated from related-party transactions?"

"A XPO is just another logistics company touting its great "proprietary" technology in an attempt to bolster its valuation."

"Consistent with prior years, UNP continues to deliver worst-in-class safety metrics, nearly 2x worse than the peer average"

"The "decisive actions" taken by CEO Mark Lashier and his management team run counter to what shareholders have called for."

"Despite this disparity in metrics, SNAP short interest is 21% of float compared to 4.7% for Twitter and 1.2% for Facebook."

"As underlying sales trends recover, QSR’s share price should more accurately reflect our view of its business fundamentals"

"Low conversion rate shows that website and mobile app user data does not mean Canadian Tire is able to sell to those users"