Callouts & quotes from 37,061+ activist slides

"It just takes one dendrite to fail a cell. So, if you have more area, you have more probability of failure."

"7. Doomed by cost: the “magic material” that we believe QS is using is too expensive to ever replace Li-ion"

"Periodically scams like IonQ come along and claim to have one on the verge of solving the world’s problems."

"Given ex-employee color about the actual size of the “complete system,” we believe the slide is fraudulent."

"However, what the Libre lacks in technological advancement, it makes up for in ease of use and lower price."

"Why Is Hess Headquartered in Manhattan? Resulting in Top Leadership Being Out of Touch with Energy Industry"

"When Sumner Says he “Will Continue To Make All Such Decisions”, What Specific Decisions is he Referring to?"

"The Market Responded the Day of the News by Boosting Fox Shares 4.6% on a Day Where the S&P 500 Was up 2.3%"

"Elliott scenarios reduce total Capex from 7.6% (Company guidance) to 6.0% of revenues (in Elliott Mid-case)"

"CTR concluded that Fujian Min-shen-fa Express Passenger Transportation owned 50 buses with 104 LCD screens."

"The failure to have regard to this obviously material consideration vitiated the Planning Permission, which"

"Autodesk told shareholders one thing and did the opposite – this is not how public companies should operate"

"Over the next few years, we believe Autodesk can meaningfully shrink its share count and grow FCF per share"

"We believe Fluor is well-positioned, with far fewer competitors for full-service, integrated EPCM contracts"

"Unless SOFR hits ~3.5% in H2 2024 without the economy slowing, we think BXMT will be hammered by the macro."

"Match now trades at less than 8.5x 2024 free cash flow, a nearly 45% discount to the companies shown below."

"Elliott believes that ACAS could be worth in excess of $23/share, a 61% premium to its current market price"

"Wall Street analysts estimated Adjusted EBITDA be ~35% BELOW the Company’s initial 2018 Investor Day target"

"We believe PET applications for water, drinks, and carbonated beverages should be excluded from DNMR’s TAM."

"The opportunity to increase alcohol sales could drive an estimated $56 million in annual EBITDA improvement"

"We believe a multi-step separation would maximize value while enhancing Darden's credit rating and dividend"

"But since production from existing wells decline about 25% per year, supply and demand can correct quickly."

"Celebrity CEOs, at those same decision points, are more likely to favor self and ego over company and work."

"Using market multiples for the rest of Phillips' assets implies its Refining system is valued at $1bn today"

"It suggests that some operations and management had been comingled and were under the common control of YY."

"Even market data services take Dropbox's figures at face value, leading to incorrect measures of valuation."

"The main problem is that GTT does not generate organic growth or enough free cash flow to service its debt."

"His eagerness to move away from this issue reflects his desire to avoid any further inquiry into the issue."

"Higher interest rates may also potentially drive improvements in securities lending and FX trading revenues"

"Citigroup performed a bottoms-up analysis to project 2009e holiday same-store sales of positive 2.5 percent"

"Rio Tinto's DLC structure has led to tens of billions of dollars in wasted franking credits since inception"

"Vitek Clearly Screwed CPI PG Through Petroni – the Next Year, the Real Estate Was Impaired by €13.6 million"

"We conclude that at least 72% of NQ’s reported $32.2 million in 2012 China security software is fraudulent."

"Software engineers simulated a Man in the Middle Attack disguised as a software update to the user's phone."

"NQ's purported $36.5 million on 2012 international revenue is absurd, and to be almost entirely fabricated."

"We believe the overpayment was to undisclosed insiders with a history of ripping off minority shareholders."

"Share price stagnation reflects ongoing concerns about the impact of low oil prices on HHC’s Houston assets"

"The findings of the FTC substantially agree with our assertion that Herbalife operates as a pyramid scheme:"

"Bristol-Myers’ proposed acquisition of Celgene is directly contradictory to the “String of Pearls” strategy"

"This still assumes ~$7 billion of revenue from five unidentified blockbusters in the earlier-stage pipeline"

"Hong Kong’s trade with America has fallen as a percentage of total trade, while trade with China is booming"

"We observe after 2019, FND's contractual purchase obligations (primarily inventory) increased dramatically."

"We believe the Company should act decisively and expeditiously to unwind its cross-shareholdings portfolio."

"Spruce Point's fair value price target for Saputo's stock price is approximately $13.75 to $20.50 per share"

"If a Disney shareholder bought stock on 93% of those days, their shares would be worth less than they paid."

"Disney has underperformed almost all its peers despite having best-in-class parks and entertainment assets."

"The pattern of troubling behavior has not changed. Strong, capable, and independent directors are required."

"The Board refused to use a universal proxy card, despite widely being accepted as governance best practice."

"Wall Street analysts have referred to Celanese and Eastman as having a comparable business mix to Huntsman."

"We believe ~35% of the Company’s revenue is tied to high volume / low-margin raw material-indexed contracts"

"WFG coaches its leaders to utilize subliminal messaging when giving presentations or meeting with recruits."

"Since the spinoff from GGP in November 2010, The Howard Hughes Corporation’s share price has increased 219%"

"CHD has two of its "Power Brands" – Spinbrush and Waterpik – are sourced from China and exposed to tariffs."

"Phillips 66 boasts a collection of high-quality energy assets - but is falling well short of its potential."

"What is most important is even at $100 million, this would be the largest clean energy fraud in US history."

"Significant price volatility due to the macroeconomic environment has been a major inhibitor of M&A volumes"

"Vivion is egregiously misleading in its rebuttal to our revelation of rent24’s outsized occupancy at Fürst."

"Investors should be cautioned that UEC's audit fees in relation to its reported total assets are miniscule."

"Large revenue collapse in Q4'2018. Total revenues substantially less than $35m cited at time of acquisition"

"We have made several illustrative modeling assumptions to estimate the long-term earnings power of the GSEs"