Callouts & quotes from 37,061+ activist slides

"Vocera shareholders received $79.25 per share, which in our view points to Stryker having wildly overpaid."

"KLA's impending launch of an EUV actinic patterned mask inspection tool will be catastrophic for Lasertec."

"We take this as an indication that they had been instructed or even threatened not to speak of the matter."

"When a critical cash flow line item doesn’t add up, it calls into question the accuracy of Telaria’s cash."

"This presentation outlines the plan that we believe Macy's should follow to create value for shareholders."

"Olam's staff costs are material to its operations, but they are also quixotic with little rhyme or reason."

"In a pool of six bidders for a recent project, Ferebee was dead last with a bid +37.8% above the estimate."

"Reading Core’s annual reports is like opening a time capsule preserving the history of energy market hype."

"This change to the Equity Method enabled Fairfax to avoid booking a $372 million loss during Q2 – Q4 2018."

"This Mis-Marking Has Enabled Fairfax to Avoid Losses (and Overstate Book Value) by More Than $245 Million."

"The consequence follows. There was an error of law (as in Milne-Skillman) vitiating any planning judgment."

"We believe Vertiv’s poor Q4 results are not structural and can be fixed with proper operational execution."

"Therefore, based on the collected data we estimate that BEKE inflated GTV by at least ~126% in Q2-Q3 2021."

"Aeroprise and Neon Enterprise were acquired for combined purchase consideration of $21.0mm per BMC filings"

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

"Code reveals APPs collection of Google, Facebook, Instagram, Snap, TikTok as well as other platforms' IDs."

"APP's name changing process appears intended to obfuscate its collection and transmission of 3P user data."

"The SONAR authors have omitted some important indicators of renal health from their primary renal outcome."

"As of April 18, 2017, HHC’s share price increased 234% (3.34x) since the spinoff from GGP in November 2010"

"We remain short Herbalife because we believe intrinsic value is meaningfully below the current share price"

"The answer could be that CSC employees see themselves as working for IQE, supporting our alter ego theory."

"The number of homes with installed systems appears to have grown from 475k to 500k, or just 5% since 2021."

"Chipotle’s continued focus on exceptional food and operational excellence fueled impressive growth in 2023"

"The executive indicated he and his team personally signed 20 collaborations and “zero percent panned out.”"

"Why has Autodesk underperformed despite its advantageous market position and strong business fundamentals?"

"How has the $2.4 billion of acquisition spend benefitted shareholder value creation over the last 5 years?"

"There are good reasons for shareholders to be highly concerned about the current strategic review process."

"Does a legitimate S&P 500 company need to prominently feature endorsements from Jim Cramer on its website?"

"Now, the company cannot pay any compensation to distributors until they complete a company training course"

"Spruce Point Has Found 3DMT Financials, Which Reveal It To Be Money-Losing With Minimal Capital Investment"

"The executive described the resulting patient support burden as a driver of Nevro's broken business model."

"We base these assumptions on NQ's past reptilian pumping behavior, two recent examples of which are below."

"Despite spending over $600m of shareholder capital, Deckers' market cap and EPS have declined dramatically"

"To the extent that CCME does not have major competition, it is because the business model is unattractive."

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

"In the near term, I would expect less profitability at the bottom line than what was previously disclosed."

"If PHA suppliers reduce prices to compete with conventional plastic, their margins will surely take a hit."

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

"We have the right team in place to compound our capital for years without any meaningful headcount changes"

"I didn't see $500,000 worth of – or $5,000 worth of benefit; I've been around a long time. I won't use it."

"We believe our Revised Transaction addresses all of Target’s concerns and achieves enormous value creation"

"A Minority IPO would offer Target significant control and flexibility in executing the Revised Transaction"

">Pitolisant’s pharmacokinetic profile is a disaster – bioavailability problems and blood-brain penetration"

"Continued unwillingness to disclose the identity of its financial backers despite questions from investors"

"TransMedics is going to die because people are so pissed off with the company and this predatory behavior."

"Now, the company cannot pay any compensation to distributors until they complete a company training course"

"What a wonderful example for the old mantra “Heads I (Jinbao Yao) win, tails you (WUBA shareholders) lose."

"From 2011 through 2015, Dr. Kleinfeld was paid $79 million while delivering a loss of 32% for shareholders"

"Questionable tenant reflects bad investment due diligence, abnormally large reimbursement for improvement."

"MBC Danville LP previously purchased the property from TRW Automotive U.S. LLC on 12/17/2007 for $775,000."

"As of April 18, 2017, HHC’s share price increased 234% (3.34x) since the spinoff from GGP in November 2010"

"We remain short Herbalife because we believe intrinsic value is meaningfully below the current share price"

"In Q4 2015, FX adjusted revenue growth was 6%, while FX adjusted SG&A and R&D fell 7% and 9%, respectively"

"Declining new gross member adds, coupled with constant churn, has caused the total member base to flatline"

"The SEC charged Withrow in an alleged scheme to defraud investors as part of an “elaborate pump-and-dump.”"

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

"KLA's impending launch of an EUV actinic patterned mask inspection tool will be catastrophic for Lasertec."

"Lasertec is once again an anomaly – it spends almost nothing on R&D and even less on capital expenditures."

"Lasertec has the most inflated inventory level of any public semiconductor equipment company in the world."

"Senior executive who recently met with TSMC indicates they are having severe problems with Lasertec’s tool"