Callouts & quotes from 37,061+ activist slides

"Ron Johnson has personally invested a material portion of his net worth in JCP warrants purchased at market value"

"This is yet another example of the Board's level of entrenchment and only underscores the urgent need for change."

"Target Corp can better focus on retailing while TIP REIT can focus on facilities management and land acquisitions"

"We see that an increasing number of Huishan shares were moved into CCASS from September 2013 through August 2016."

"EBITDA growth lower than sales growth shows diminishing earnings leverage; Underlying margins for Cintas are flat"

"Having To Borrow Commercial Paper To Pay Down Long-Term Debt Is Worrisome. Why Couldn't Amcor Issue More LT Debt?"

"Lower COVID sales based on (i) inventory absorption and (ii) management's assumed level of normalized utilization"

"During the last twelve months, we completed the acquisitions of three new investments and exited four investments"

"Pershing Square is a collaborative and investment-centric organization with a highly experienced and aligned team"

"We find it hard to have confidence in Heska’s subscription data given the number of inconsistencies and mistakes."

"We believe this compromises the objectivity of Piper's stock price and rating and believe it should be suspended."

"We suspect this refinancing was done opportunistically by management before its financial condition deteriorates."

"Former senior executives with whom we spoke stated that Eurofins generally paid above market rents to Dr. Martin."

"Rounding out Eurofins’ governance shortcomings, its Board of Directors includes Dr. Martin’s brother and ex-wife."

"The patient burden and resulting non-compliance and dissatisfaction were a recurring theme of our KOL interviews."

"Proven operator with successful cost reduction experience that will add value to Deckers' cost savings initiative"

"Here is how athena seems reasonable next to its peers. But the implication is that its peers are properly valued."

"The idea that there's some vast market for $15,000 - $20,000 drones anywhere outside the SRR program is a mirage."

"Giscard d'Estaing's use of the phrase “could have” in reference to his own statement made in Q3 2015 is peculiar."

"it's not like we have a slew of organs in California, Oregon, Hawaii that are getting transplanted here, for sure"

"FirstGroup began to underperform following the Laidlaw acquisition when the group grew significantly more complex"

"PSH delivered strong 2020 performance with a net return of 70.2%, outperforming the S&P 500 by 5,180 basis points"

"Highly resilient and focused organization seamlessly navigated the impact of COVID-19 with no business disruption"

"We believe that Alberto Ibargüen and Patricia Mitchell have limited relevant industry and operational experience."

"Market share appears overstated in Asia, and competition in its core US vacuum market appears to be intensifying."

"PlayStation owners are more loyal than Xbox owners, which bodes well for 2020 console cycle and post-2020 profits"

"Cost reduction / margin improvement (Achieved synergies: 13% of sales. Consolidated margin improvement: ~830 bps)"

"Unreported case of drug-induced arrhythmia and hospitalization is a striking signal, given n=16 doctor interviews"

"Unreported case of drug-induced arrhythmia and hospitalization is a striking signal, given n=16 doctor interviews"

"Multiple internet sites were created by merchants that lost money and were affected by the failure of PaySystems."

"The stability of PSH’s capital enhances Pershing Square’s ability to successfully execute its investment strategy"

"U.S. Google searches for HelloFresh have fallen to just 16% of their January 2022 peak, levels last seen in 2016."

"Benefits to doctors and patients have made specialty pharmacies an increasingly popular drug distribution channel"

"Under the bad case, we discount 2020 rent by 65% due to potential default and their cash burn of around 4 months."

"ZTS share price including dividends increased 40% from our average cost at announcement date to November 9, 2016*"

"We visited the site on 03/20/2020. To our astonishment, the property was still in very early age of construction."

"The numbers tell us that INOD's claims that it has developed a proprietary AI platform cannot be taken seriously."

"We believe the vast majority consists of low-quality hoop houses that a prone to infestations and weather damage."

"There were several related party groups that funded the company that investors should be very uncomfortable with."

"What Is Even Worse Is That The Large Pay Day To Insiders Was Financed By Debt Taken On By PLTK Shortly Before IPO"

"The client support replies with generic, pre-made responses leaving the players feeling unheard and disappointed."

"Our conclusion is the market is not excited by the future of IRE technology in ablative soft tissue applications."

"Both of these convicted felons, James Rogers and Dennis DiRicco, own an obscene amount of ADOM stock and options."

"Please kindly be informed that we are unable to accommodate underage guests in our hotel under any circumstances."

"Fannie and Freddie (collectively, the “GSEs”) have evolved significantly since the creation of Fannie Mae in 1938"

"Accelerate claims 75% faster AST results; we believe the actual time difference is less than 40% for a modern lab"

"Das Ergebnis dieser Probleme ist eine miserable Kundenbindungsrate, das das Geschäftsmodell undurchführbar macht."

"Intern opportunity on Social Media Chatgroup Operation by Jiazhang Jia (aka Beijing Youlian) on November 27, 2018"

""Simulation" or "Simulator" is used six times in the short paragraph on the A300's High NA inspection performance"

"the chance of reaching the President's Team "has never ever been greater than it is today." — President Des Walsh"

"“Vivendi is totally against the spin-off of Telecom Italia network” — Arnoud De Puyfontaine, CEO and TIM director"

"Capricorn will use its balance sheet strength to pursue value accretive acquisition opportunities — Annual Report"

"Manulife argues that the 'securitization' of insurance policies is illegal 'trafficking.' — Manulife Brief of Law"

"The edtech company Instructure is planning an IPO again, but warns it has "a history of losses." — Emily Bamforth"

"We are excited to have Corey Walker, President of Lab Solutions, fully onboarded. — Avantor 1Q 2025 earnings call"

"The Replacement Loan “refinanced two mezzanine loans previously borrowed from Hannon Armstrong.” — SPWR 2019 10-K"

"As reported by the Guardian, Saputo still has not yet fully addressed all the U.K. Environmental Agency concerns."

"RCA's 2,000 clients will be a tremendous addition to MSCI real estate's 900 clients. — MSCI Deal Call Aug 2, 2021"

"cannot verify the accuracy or completeness of the information of subject tenancies provided to Savills. — Savills"

"they just employ tons of writers to write garbage content for their websites and clients. — Envoy Global Research"