Callouts & quotes from 37,061+ activist slides

"The executive also raised concerns about Zebra getting more product replacement demand than new customers."

"HASI's preferred non-GAAP metric, “Distributable Earnings”, has almost no relationship with cash earnings."

"Twist's main competitors are low-cost Chinese players with cheap labor vs. Twist's Bay Area cost structure"

"Cost cutting and inventory management initiatives will help tenant margins expand despite lower 2009 sales"

"Why are "Corporate Activity" assets up 236% in 3yrs, the fastest growing segment without any depreciation?"

"Kratos is on its fourth Chief Accounting Officer / Corporate Controller in a decade, and third since 2013!"

"Want to stump NQ customer service? Ask them where to buy prepaid cards in Beijing, Shanghai, or Guangzhou."

"Wall Street analysts were incredibly positive on the Bristol-Myers strategy, pipeline, and management team"

"Shareholders must be absolutely certain before allowing management to take all other options off the table"

"The RMB has appreciated by 30% since 2005 and officials have indicated that it will continue to appreciate"

"The proposed scheme appears to be the only practical method of stabilising the exchange rate at this time."

"We estimate that the Company is overstating gross and EBITDA margins by 664bps and 1,176bps, respectively."

"The intensity of Phillips 66's attacks on Mr. Goff reflects extremely poorly on the Company and its Board."

"At best, the current stock price implies a meager ~2x consensus 2015 EBITDA multiple on the Core Business."

"GGMI likely deserves a higher multiple given that CB Richard Ellis’s fee stream is more transaction driven"

"Ask yourself: If the CEO and Board members truly believed in their strategy wouldn’t they be buying stock?"

"Ask yourself: If the CEO and Board members truly believed in their strategy wouldn’t they be buying stock?"

"Funds managed by Pershing Square are short the stock of Herbalife Ltd. and own put options on the company."

"However, in our opinion, SMCI makes some of the more aggressive and laughable adjustments we’ve ever seen."

"Valero and Marathon are the primary and, for many investors, the only comparable companies to Phillips 66."

"Taubman's underperformance is squarely the result of management and its board of directors, NOT the assets"

"Wall Street analysts estimated Adjusted EBITDA be 30% BELOW the Company's initial 2018 Investor Day target"

"The Company's Adjusted EBITDA not only failed to improve, but had deteriorated after the 2014 Investor Day"

"Huntsman management receives other valuable perks, such as personal use of the Company's private aircraft."

"Given their actions to date, we believe these four directors are highly unlikely to demand accountability."

"Filmed Entertainment theatrical film OIBDA growth rate, however, is not expected to exceed its peer group."

"In summary, TWC requires freedom of movement if it is to realize the full intrinsic value of the business."

"We Estimate That DV's EPS Met Consensus If Not For Underestimating / Delaying $2.8M of Expense Recognition"

"Core use case of nearby people and instant messaging are limited. There goes the baby with the bath water."

"We believe a significant number of these partnerships - possibly over half - are close to dormant or dead."

"Our analysis suggests that revenue per employee has been down since 2018, and essentially flat thereafter."

"Are you able to identify the controversial symbolism used in these screenshots of WFG associated material?"

"So if Herbalife Nutrition Clubs are not “stealing a meal a day from fast food” what are they really doing?"

"From the inception of our short position on May 1, 2012, HLF stock has declined by 41% including dividends"

"Ask yourself: If the CEO and Board members truly believed in their strategy wouldn’t they be buying stock?"

"Bristol-Myers is acquiring one of the largest patent cliffs in the history of the pharmaceutical industry."

"Investors should be concerned by the unexpected and abrupt resignation of CEO Gabi Seligsohn in June 2018."

"Valero and Marathon are the primary and, for many investors, the only comparable companies to Phillips 66."

"PSH's discount to NAV widened by 4.9% from 28.3% in the beginning of 2022 to 33.2% as of December 31, 2022"

"Continued store growth in Starbucks' largest owned markets is supported by industry-leading unit economics"

"Investors should be highly alarmed that ONP is making this change without apparent business justification."

"Ask yourself: If the CEO and Board members truly believed in their strategy wouldn’t they be buying stock?"

"Government-granted benefits that do not serve a vital purpose for the mortgage market should be eliminated"

"The net impact was -2.8%, -140,000 oz. equating to a loss of $160 million of reserve ounces in the ground."

"The Board opted to maintain onerous provisions and weaken shareholders’ ability to call a special meeting."

"サムスンは、KLAが近いうちにレーザーテックの装置に対して競争力のある装置を発売すると期待しており、その生産開始を急かしているようだ。関連装置の半分はKLAに発注すると決めており、すでに予約注文をしているという。"

"This was a clear case of a company saying one thing to investors and doing something completely different."

"No matter the card you have, vote for Brian Coffman, Sigmund Cornelius, Michael Heim, and Stacy Nieuwoudt."

"Management's plan to spin off Red Lobster is the wrong spin-off, at the wrong time, for the wrong reasons."

"Management's plan to spin off Red Lobster is the wrong spin-off, at the wrong time, for the wrong reasons."

"We question whether compensation decisions are motivating management to rush the separation of Red Lobster"

"We believe Fluor is well positioned within the EPCM landscape and should trade at least in line with peers"

"Regardless of Whether New Pacific Controls Its Bolivian Concessions, We Still See 85% Fundamental Downside"

"INGN management’s claim that 90% of ambulatory patients are potential POC users seems greatly unrealistic."

"The compensation plan’s structure directly enhances the metric that determines its own payout in our view."

"We believe GoDaddy should target Adj. EBITDA margins increasing from 28% exiting 2023 to 33%+ exiting 2024"

"Essentially, Yahoo shareholders got a watered down version of the Media strategy and a less valuable Yahoo"

"We would like to see someone like a Liberty Media come on to the Yahoo board as a partner for two reasons."

"We find it telling when a one-product platform company tries to plug slowing growth with bespoke projects."

"From the inception of our short position on May 1, 2012, HLF stock has declined by 41% including dividends"