Callouts & quotes from 37,061+ activist slides

"Underinvesting during recession when steel prices, crew costs, and opportunity costs of closing track are lowest"

"Why After Three Contract Amendments, We Believe C3's Relationship With Its Largest Customer Will Eventually Fail"

"Housing finance reform should achieve several additional objectives beyond those articulated in recent proposals"

"He recently made a large sale of 60,000 shares after the recent earnings report and increase in the share price."

"We believe there is an opportunity to create significant value under the leadership of a new and improved Board."

"Starboard reconstituted a majority of Marvell's Board with capable directors who guided a successful turnaround."

"We see a lot of potential in the Phillips 66 refining company. I mean, there's just tremendous capability there."

"Significant data errors allowed P&G to grossly overstate both the peer median and the expansion of peer margins."

"In the absence of information, investors have voted with their capital, as demonstrated by TI’s TSR performance."

"We are concerned that the Company has been caught flat-footed during a period of seismic change in the industry."

"Disney's studio business, which historically had the best margins in the industry, has turned into a "black box""

"The Board has failed to respond to shareholders’ repeated requests for significant environmental risk oversight."

"The Board has failed to respond to shareholders’ repeated requests for significant environmental risk oversight."

"Since 2002, TWX has returned significantly less capital to its shareholders than other major US media companies."

"As everyone knows, EVs are expected to grow from 11% of vehicles last year to over 40% by the end of the decade."

"SG&A's Lockstep Move with Royalty Overrides Provides a Clue as to Where Herbalife Conceals Other Reward Payments"

"Axon has rapidly inflated its Total Addressable Market (TAM) from $4.8bn (2016), $6.5bn (2017) to $8.4bn (2019)."

"We believe there is an ample amount of low hanging fruit; so much fruit that it may even be touching the ground."

"We believe the gap between current performance and long-term potential can be closed with disciplined execution."

"Qontigo makes no secret that it wants to challenge MSCI and is claiming market share gains by winning customers."

"We believe it may be a negative sign when a creditor begins receiving more than 25 bankruptcy notices per month."

"We believe investors have failed to scrutinize the new business generation implications of this strategy change."

"We believe Salesforce can reach the Rule of 50 and generate more than $20 of free cash flow per share in FY2028."

"Spruce Point questions what exactly is Content IQ ("CIQ") since Perion has presented two different descriptions."

"We believe Fannie and Freddie should be valued somewhere between P&C insurance companies and regulated utilities"

"仮に、Fab 4A内で装置の試験あるいは最終微調整が行われていれば、そのラップを外し、出荷前に装置を再度シュリンクラップで包まなければいけない。装置ごとにそうしていれば、ラップの大量のゴミが発生するはずだが、その気配はない。"

"Despite high AUVs and industry leading revenue, Darden's operating performance is significantly worse than peers"

"Despite high AUVs and industry leading revenue, Darden’s operating performance is significantly worse than peers"

"Since the acquisition, Sole’s net revenue has declined 12.9%, and it only recently generated positive OP margin."

"At 1.5 meals a day per employee, Mayer's perk has cost $450M over 4 years. That's half an Instagram right there."

"Neither Mayer nor De Castro has ever dug into his/her own pockets to purchase any Yahoo stock on the open market"

"The bottom line coming from them is that it's not worth the investment, according to what they have seen so far."

"Stryker modified its valuation of the inventory 5 times, from nearly a 100% increase to a final increase of 82%."

"Specifically, monthly visits are almost 20% more, and duration of time spent on Terminix’s website is 2x longer."

"This has the consequence of inflating FTAI’s EBITDA margins, which are ~ten percentage points higher than peers."

"We also identified two active violations associated with ACE Aggregates, LLC and its portable crushing facility."

"It might surprise Core to learn that when you start at $79 and finish at $55 you are lower than where you began."

"The IPO and secondary were intended to enrich insiders, rather than to raise significant capital for investment."

"AC installed export capacity should not be seen as an appropriate tool to constrain the impacts of a solar farm."

"Vertiv was trading in the high ~$20s before Q4 2021 results, which cut the Company’s share price nearly in HALF."

"Many leading technology companies now embrace dividends to instill managerial discipline and reward stockholders"

"BMC's issue is its operational execution and not the quality and value proposition of its products and solutions"

"Simultaneous deconsolidation (split) of SEC and SDI on the same basis, each into their respective OpCo and InvCo"

"While the company has made steady progress in boosting margins, we believe that optimized margins are far higher"

"We assume $175 per metric tonne of met coal for 2022 and 2023, while many analysts assume $150 per metric tonne."

"We estimate that Target's ground lease credit risk should be materially lower than Target's unsecured CDS spread"

"AlphaSense interviewed a former SVP of Marketing at SnapAV who worked there through the acquisition of Control4."

"Programs drive both predictable near-term revenues and long-term value creation with asymmetric upside potential"

"7. The related party “customers” are mostly fronts for Ginkgo and its revenue is therefore an elaborate fiction."

"Based on a fair value reduction of 38% (Table 4), we calculate the fair value loss is RMB 1.5 billion (Table 5)."

"Spruce Point believes the stock-for-stock merger of Amcor + Bemis was a deal done out of necessity for survival."

"Amcor bulls see 19%, but most have failed to conduct a forensic analysis of management’s statements vs. reality."

"We anticipate margin uplift by 27% on a pro forma forward basis, resulting in estimated operating margin of 6.7%"

"PSH's ability to access low-cost, investment-grade, long-term debt is an important competitive advantage for PSH"

"Unknown to most investors, Nevro faces an impending, disruptive competitive threat within 6 to 12 months: Saluda"

"The executive turnover at CLEAR is very alarming with no prompt 8-K filed for Richard Patterson and Jon Feldman."

"Palliser firmly believes that the terms of the NewMed transaction fall well short of Capricorn’s intrinsic value"

"We are concerned that the Company has been caught flat-footed during a period of seismic change in the industry."

"Disney's studio business, which historically had the best margins in the industry, has turned into a "black box""

"After the initial buzz surrounding the much-anticipated launch in mid-February, download activity has plummeted."