Callouts & quotes from 37,061+ activist slides

"SAIC filings suggest to us that the company has overstated Revenue by a cumulative RMB4.6 billion in the last three years!"

"We have reason to believe that the select assets and 1.83 acre Los Angeles cannabis campus are actually the same property."

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

"Why is this important? Because the CCTV program made the "诺丽果汁" very well known (in a bad way) during their NHTC coverage."

"Many described bullying tactics reminiscent of a bad 1990s mob movie. This appears to be Trustpilot's core sales strategy."

"We'd like to take four king rooms. Furthermore, is there a possibility for a discount because of the duration of the stay?"

"We'd like to take four king rooms. Furthermore, is there a possibility for a discount because of the duration of the stay?"

"In the next few years, until 2020, we only observe few meaningless MoUs signing with local authorities or small companies."

"EOS Management calling EMS a "non-core asset" appears to have been an excuse to mask the desperate situation they were in."

"Our concern is: if those who know Pheno the best (those who used the system previously) are not buying Pheno, then who is?"

"It is a big redflag to us that GSX's co-founder and CFO, Yuxiao Song, resigned months before the company's filing for IPO."

"Olam's net debt to LTM adjusted EBITDA is now 8.4x, compared to 7.8x at the end of Q1. These numbers are dangerously high."

"This is demand for flat glass used in building construction, which has been the most volatile key end market for soda ash."

"was never able to put any energy into the project — Heather Hasson (admitted in testimony regarding Hasson International)."

""invest in our operating subsidiaries, repay short-term debt, and for general corporate purposes." — WTRG (quoted in text)"

"It is clear to me that the IonQ SPAC has gone too far in what is...morally acceptable. — Unattributed (referenced in text)"

"W.D. Von Gonten detailed study concluded value of Hess Bakken position very comparable to Continental's. — W.D. Von Gonten"

"We've added $30 million to our estimate for fiscal '11 CapEx due to the acquisition of Van Houtte. — GMCR Q1 earnings call"

"“Best Online Collaboration Tools for 2020” — TechRadar, Nov 2019; “14 collaboration tools for productive teams” — Workable"

"Celsius ended Q3 with a 20.4% share on Amazon according to Stackline's last 14-week read ending October 5, 2024. — Celsius"

""Refinery operations weakened in 2021-22 given elevated planned and unplanned maintenance." — TD Cowen, September 11, 2024"

"Huntsman won’t sell shares of Venator until its stock price is “significantly higher” — Huntsman Management (May 16, 2019)"

"Interpretation of pacing data by MedSec medical advisor and board member, Dr. Hemal Nayak. See The Appendix. — Footnote 19"

""Refinery operations weakened in 2021-22 given elevated planned and unplanned maintenance." — TD Cowen, September 11, 2024"

"「ACTIS A300の発表は、インテルとASMLが行った高開口数の極端紫外線装置の発表に合わせてニュースリリースを出したにすぎない」 — グローバルファウンドリーズの幹部として長年の経験を持ち、レーザーテックとマスク検査全般に関わっている人物"

"「今は600人〜700人、ひょっとしたら1000人ほどが従事しています。大規模な取り組みです」 — サイマー（のち、ASML）ともう1社で極端紫外線光源の開発における中心的な役割を果たした人物、当該分野における名だたる科学者・専門家 qw142"

"調査会社の権威であるS&P Capital IQは、半導体製造装置・材料の分野における売上高が10億ドル以上の全社について、EBITマージン（税引前当期純利益＋支払利息－受取利息）／売上高）のデータをまとめた。 — S&P Capital IQ"

"「レーザーテック製の装置については、問題改善や工学的変更を要請したために、直近の出荷予定を延期した顧客がある、と聞いたことがあります」 — グローバルファウンドリーズの幹部として長年の経験を持ち、レーザーテックとマスク検査全般に関わっている人物"

""the approval of an application from health insurance carriers, which we define as our customers." — EHTH 2019 10-K, p. 80"

""we have been able to improve our sales and marketing efficiency each year" — CFO Mark Livingston on Q4 2021 Earnings Call"

"“Personally, I'm aware of about three people, but I'm sure that there were more.” — Former Ginkgo in a managerial position"

"Pfizer management expects these transactions to contribute >$20.5 billion in revenue by 2030. — Pfizer Public Presentation"

"Pfizer to Acquire Global Blood Therapeutics for $5.4 Billion to Enhance Presence in Rare Hematology — Pfizer Press Release"

"Well, I think calling it "e-commerce" is probably taking things a little too far – we are just trying to understand how we"

"話の流れのなかで取材者は、棚卸資産について「完成品がないですね」と何気なく触れたところ、IR担当は動じることなく「はい、仕掛品だけです」と笑って答えた。 — Scorpion Capital interview with Lasertec IR"

"Mr. Bolloré is an outstanding capital allocator, and has frequently been called “the Carl Icahn of France”. — Muddy Waters"

"“the stories that the reps provided with us...aren't things that I'm seeing right now with my patients” — Endourologist #4"

"“I haven’t gotten approved…we have filled out the form…oh yeah, it’s taking time.” — Nephrologist who manages PWS patients"

""with a positive dechallenge, a causal association with WAKIX for the events cannot be ruled out." — FDA FAERS Case Report"

"Pfizer to Acquire Global Blood Therapeutics for $5.4 Billion to Enhance Presence in Rare Hematology — Pfizer Press Release"

"Why would I recommend a product that cost a lot of money when I can't afford it and haven't tried it? — Glassdoor Reviewer"

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

"LDP EUV source is the most critical enabler of actinic patterned mask inspection technology — March 2021 Ushio/Intel paper"

"“Overseas our company presents the company Isteq – subsidiary company EUV-Labs.” — RnD-ISAN website (via Internet Archive)"

"The collection of these statements are attacking statements (1) designed to re-direct the accusation back at the accuser."

"Trust Is Perhaps The Biggest Factor Why Customers Choose Remitly: Here’s Evidence They Have Dubious Customers And Reviews"

"CP's share price including dividends increased 244% (3.44x) from our average cost at announcement date to August 4, 2016*"

"HTA's Quarterly Same-Property Cash NOI since 2013 has fallen in a narrow range (2.8% to 3.4%) with very little deviation."

"In our opinion, this is just another poorly planned deal by GFL that resulted in unexpected higher costs to shareholders."

"Its financials are a dumpster fire – it relies on government subsidies, ABS issuances, and corporate issuances to operate"

"The creation – not just the identification – of value; we believe Elliott's strength is in catalyzing constructive change"

"Applying a generous 0.5x to 0.75x EV/2019E sales, we estimate that CVNA shares have 50%-70% downside from current levels."

"LIKE IN ELLIOTT'S ENGAGEMENT WITH MARATHON, PHILLIPS 66 CAN BE RESTORED TO A TOP-PERFORMING COMPANY WITH RETURNS TO MATCH"

"We believe the market is offering investors a world-class business for relatively low multiples of earnings and cash flow"

"Based on our diligence, we believe Crown Castle can achieve a 40% capex revenue ROI on $600M of Fiber discretionary capex"

"Like any investment scheme, XPO needs to recruit more brokers to pump its stock to say “Buy”- but there aren’t many left!"

"If you don't answer this, it will be clear that you have something to hide. Or do you owe a favor to a major shareholder?"

"Vote the GOLD card FOR Elliott's highly qualified nominees and proposal calling for annual elections for all Board seats."

"An Antiquated And Structurally Non-Competitive Brick And Mortar Retailer With No Clear Focus And No Competitive Advantage"

"Given flat overall revenue growth, HH must be experiencing declining sales and losing market share outside of CTC stores."