Callouts & quotes from 37,061+ activist slides

"Over the past 2 years, the percentage of Canadian Tire App users who use the Amazon app has increased from 50% to over 75%"

"There is no disclosure of BLX's actual financial statements. It is the ideal on-balance sheet/off-balance sheet structure."

"For these reasons, Dell should pay a fair price consistent with the promises made and with the benefits they will receive."

"Despite high AUV and ~4.5x the scale of peers on average, Darden’s operating performance is significantly worse than peers"

"Despite high AUV and ~4.5x the scale of peers on average, Darden’s operating performance is significantly worse than peers"

"I've worked for many CEO's, and I'm more in the camp of being honest with your investors. That's not the Quantumscape way."

"ISS, GLASS LEWIS AND EGAN-JONES UNANIMOUSLY ENDORSE SIGNIFICANT CHANGES AT PHILLIPS 66. VOTE BEFORE THE MAY 21ST DEADLINE."

"We believe that Target’s suboptimal board has contributed to the company’s material underperformance during this recession"

"Consumables: Typically lower margin goods Non-consumables (e.g., apparel, home furnishings): Typically higher margin goods"

"$42 million in incremental fees represents ~0.8% of HHH's equity market capitalization post-transaction (at $90 per share)"

"As shareholders, and as customers, we would like to see Nintendo develop and sell games for the iOS and Android platforms."

"We believe that this will spark a material migration of Dexcom users to the Libre, which is now technologically comparable"

"Geographic span of a major, yet Hess is a fraction in size: Market cap is under 1/11th the average of majors in its peers."

"PLEASE NOTE: This is NOT a proxy solicitation. Ancora is not asking for your proxy card and cannot accept your proxy card."

"Despite high AUV and ~4.5x the scale of peers on average, Darden’s operating performance is significantly worse than peers"

"Despite high AUV and ~4.5x the scale of peers on average, Darden’s operating performance is significantly worse than peers"

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

"Of course oil prices aren't expected to stay at $59. This is what the current forward curve, or strip, for WTI looks like."

"These materials are intended to set the record straight on management's failures in the following critical business areas:"

"In such a dynamic and rapidly evolving AI/HPC demand environment, Riot must urgently seize this extraordinary opportunity."

"Historical performance suggests current leadership has failed to create enduring value for shareholders over the long-term"

"a single nominee from an outside shareholder in a boardroom of 12 directors is not sufficient to bring about needed change"

"The Company has churned through seven CFOs in the last seven years, highlighting the chaotic management style of Mr. Proud"

"Since July 2017, Ms. Lin Aimin has been GZ Anda’s Legal Representative. She is the wife of Wu Yonghua’s cousin, Wu Wenhou."

"In fact, except for the name, the content and the descriptions of the two companies in the recruiting posts are identical."

"BlackRock was invited but refused to support the following request for collaboration on the UN PRI Collaboration Platform:"

"Yes, to do what they had to do to come to market. They were very aggressive when Chobani came to the market with oat milk."

"Warning: Oatly doesn't mention that there are a variety of hazardous chemicals used throughout its manufacturing facility."

"Warning: We estimate that Oatly's Gross Margin is 640bps lower when including outbound transportation and logistics costs."

"It is clear that online sources suggest customers purchase solar panels outright to realize the largest financial savings."

"Phillips 66's (NYSE: PSX) quality assets lack the management focus needed to maximize value — costing shareholders dearly."

"The book value per share for Toyota Industries [...] could be underplaying the benefits of the deal, in terms of tax [...]"

"Elliott Urges Shareholders to Support Meaningful Board Change By Voting on the Gold Card for Its Four Independent Nominees"

"Twist is more relevant for price-sensitive customers like start-ups or academics, not real customers like pharma companies"

"The 2009 income statement showing RMB 2.3 million revenue (US$0.3 million) and a loss of RMB 6.5 million (US$1.0 million)."

"Over the past four years OUTR has spent $663 million on failed growth ventures...over 130% of OUTR’s current market value!"

"This contributed to the loss of jobs, causing the population to shrink and the economy to contract 16% over a dozen years."

"However, Curél does not. While Curél has social media pages, it does not even have a dedicated website in its home market."

"From research and interviews with former employees, Kao does not appear to do specialist recruiting for digital marketing."

"Beiersdorf’s shares have outperformed the rest of Europe’s consumer goods sector, even besting the performance of L’Oréal."

"Despite being a C-Corp and lacking the tax advantages of a REIT, PF McDonald’s has several superior credit characteristics"

"Phillips 66's attacks on the reputation of energy-industry veteran Gregory Goff confirm that the Company has lost its way."

"These quotes provide a highly representative picture of investor sentiment towards Cognizant and its operational strategy."

"By sequestering these asset disposals in "net capex," management appears to be inflating earnings on its income statement."

"Based on our analysis, we find that Monster's audit fees are suspiciously low and nearly 50% below the peer group average."

"GGP’s long term lease-based revenue model offers embedded growth in good times and mitigates revenue declines in bad times"

"“Blank Sheet of Paper” approach to building an overhead structure, similar to the recent turnaround of Axalta in 2013/2014"

"Over recent years, Ask Jeeves has managed to grow its share of the domestic search market, while AOL's share has declined."

"A multiple range of 8.0x - 10.0x 2006PF OIBDA implies a fully distributed enterprise value range of $15.9 - $19.9 billion."

"XL’S REPORTEDLY RAISED ITS MOST RECENT EQUITY FUNDING ROUND AT A ~$73 MILLION VALUATION, A FRACTION OF ITS SPAC VALUATION."

"Public MLMs have historically traded at a significant discount to CPG companies reflecting their inferior business quality"

"The FTC believes the exclusion of zero-earning distributors is relevant to a determination that an MLM is a pyramid scheme"

"Warning: CHD mysteriously stopped providing break-out financials of Armand after 1999, making the entity even more opaque."

"48 machines permitted at $400k - $500k per new Avalanche 1000 machine, we estimate $19m - $25m of total revenue potential."

"Assumes that St. Jude shuts down the Merlin@home network for eight quarters to repair and re-architect the entire network."

"FNMA and FMCC share prices both declined 57% in 2022 and have increased 32% and 31%, respectively, year-to-date in 2023(1)"

"We find a variety of concerning financial reporting and accounting issues at Intuit, including the obfuscation of results."

"The implied amortization period based on Mettler's reported results directly contradict its stated estimated useful lives."

"“Blank Sheet of Paper” approach to building an overhead structure, similar to the recent turnaround of Axalta in 2013/2014"

"We do not believe bank standards are appropriate for the GSEs’ guarantee business, which carries significantly fewer risks"