Callouts & quotes from 37,061+ activist slides

"We see this balkanization as giving Eurofins numerous dials to turn to create sham revenue and expenses."

"Highly conservative compared to the ~$31.00 actual rent / sq. ft. in the ARCP/Golden Gate transaction(1)"

"Our goal is to dramatically improve Darden for the benefit of its customers, employees, and shareholders"

"Our goal is to dramatically improve Darden for the benefit of its customers, employees, and shareholders"

"We believe a pattern similar to that laid out in the complaint may now be playing out with Quantumscape."

"Speedway does not capture higher fuel margin than peers from its integration with Marathon’s refineries."

"Frankly, they were looking at ways they could meet their revenue numbers, and this was one way to do it."

"We believe that this 56% increase in effective daily sensor cost contributed to observed revenue growth."

"Did the local residents tell Lightsource BP representatives that this project was enhancing their lives?"

"The Icahn slate is committed to restoring credibility and transparency atop McDonald’s on key ESG issues"

"We believe the market is missing the impending fiscal cliff facing K-12 school districts across America."

"We believe these comments ignore the reality of the situation facing most school districts in 2024-2025."

"Our goal is to dramatically improve Darden for the benefit of its customers, employees, and shareholders"

"Highly conservative compared to the ~$31.00 actual rent / sq. ft. in the ARCP/Golden Gate transaction(1)"

"Our goal is to dramatically improve Darden for the benefit of its customers, employees, and shareholders"

"Despite highest oil weighting of any peer... ...and material position in the Bakken, leading US oil play"

"Hess showed shareholders 6 month performance charts that ignored dividends (7% difference for MUR alone)"

"We believe the stock performance is compelling evidence of the effectiveness of the Board and management"

"We believe the stock performance is compelling evidence of the effectiveness of the Board and management"

"Time is of the essence, and a renewed sense of urgency is required to get more material deals completed."

"80 years of cumulative aerospace experience, operational expertise, proven value creators, change agents"

"Management expects to invest the majority of the company's free cash flow in value-creating acquisitions"

"The below assumptions imply a patent cliff portfolio value in 2020 equal to eight times forward earnings"

"Unique culture which is extremely supportive of returning to our roots as a smaller focused organization"

"Mr. Yen generally did not know the answers to these questions because they are very China-side specific."

"The Board scheduled the Special Meeting more than five months after our requisition. This is not prompt."

"A FY2018 Q3 offline revenue decline of -3.5% once again contravenes the implication of “healthy” growth."

"When adjusting for these items, Sunnova’s cash flow profile appears much worse than the Company reports."

"When adjusting for these items, Sunnova's cash flow profile appears much worse than the Company reports."

"By April 2013, Genivar changed its name to WSP Global Inc. to distance itself from a corruption scandal."

"Large increase in financing expense that doesn't impact operating or free cash flow. No footnote detail."

"¥2.6trn of cash is enough to buy back 80% of pro forma market cap(5) after the cross-shareholding unwind"

"...Valuation discount vs. peers has increased over three times since Vivendi nominees joined TIM's board"

"Stub NTM EV/EBITDA Discount vs. Peers¹ Increased over 3 times since Vivendi nominees joined TIM Board..."

"The advantage basically disappears once you go through the labor-intensive process when you have a gene."

"The thing I kept saying is they were shipping with every gene and every oligo pool a $20 bill to people."

"Two other Asia-based players – Genewiz and Biointron – offer exactly the same menu of services as Twist."

"Develop programs that gives the press & our target audience the proof that BNY Mellon has truly evolved."

"On average, tenants have improved their net debt positions more than 30% since the same period last year"

"On average, tenants have improved their net debt positions more than 30% since the same period last year"

"Rio Tinto's ability to pursue stock-based M&A is critical for long-term resilience and shareholder value"

"€20 Million Cash and €78.6 Million Receivables Seemingly Missing From a €35 Million Landbank Acquisition"

"GE’s stock trades well below the ~$40 level it traded when Jeff Immelt became CEO almost 14 years ago(1)"

"Wall Street analysts have historically been overly optimistic in their estimates for Celgene's products."

"With a more efficient R&D process, we believe Bristol-Myers could accelerate innovation and reduce costs"

"It is not at all certain that China will develop a fuel cell vehicle market beyond an experimental phase"

"The abysmal economics of refueling stations, even with a subsidy, will discourage any large-scale uptake"

"Finally, in November 1974, without a reliable anchor, HK discarded the USD link and floated its currency"

"We think a revaluation is more likely than not, but the market price implies extremely low probabilities"

"Below are the summary projections for Pro Forma McDonald's based on the assumptions detailed on page 68."

"Based on a blended asset beta calculation we determined a range of values for the WACC of PF McDonald's."

"We arrive at a value / kg of $19.5, which is far below the ~$52 / kg value needed to plug the import gap"

"The GSEs should require significantly less capital than the PMIs because their guarantees are much safer"

"At higher g-fee levels, we estimate that the GSEs could reach a 2.5% capital ratio in fewer than 7 years"

"We view this as an indication that FND may be stretching for ways to reduce costs and increase revenues."

"It is perhaps more likely that these “fixed assets” have been manufactured through accounting practices."

"GCP’s current Board has failed across the spectrum – operations, governance, compensation, and strategy."

"We believe recent improvements in SCC margins are unsustainable without fundamental operational changes."

"Relative to other real estate asset classes, malls have historically generated the most stable cash flow"

"The US$750 million that Olam is raising merely postpones the collapse that we feel is almost inevitable."