Callouts & quotes from 37,061+ activist slides

"How is the board ensuring R&D is driving innovation and amortizing the cost of R&D across the portfolio?"

"Even ignoring valuation benefits, there are important strategic reasons to consummate the Transaction..."

"Given the above factors, TIP REIT will trade at a lower cap rate than an individual private ground lease"

"Based on “TIPS”-based valuation of TIP REIT, the implied TIP REIT valuation is $28bn, or $38/share today"

"Of all companies, Mondelez has no “moral” right to “just say no” to a value-creating offer from PepsiCo."

"nowhere in the company was there anywhere you could go and find out if your patients were still on drug."

"the FDA stated that “based on a temporal association, a contributory role of WAKIX cannot be ruled out.”"

"Based on a variety of metrics, productivity across BEA HK’s branch network is approaching worst in class"

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

"As a result, the compound annual growth rate of tablet market is expected to be -4.6% from 2017 to 2022."

"Bay Street analysts are very bullish on Canadian Tire despite numerous headwinds that face the business."

"This liability stood at $418M at the end of Q4'23 and is excluded from most Wall Street EV calculations."

"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"

"As of now, we calculated that 77% of Dominik Richter’s HelloFresh holdings are pledged via DSR Ventures."

"Company C is an EXACT duplicate of Company D. Everything about these two companies are exactly the same."

"If the Federal Reserve increases the interest rate, this will compress both EV/EBITDA and P/E multiples."

"This leaves us with a serious question: where is the RMB 930 million (~$135 million) of missing revenue?"

"PLSE doesn't explain this weird rotating door for CEOs. But we can logically speculate what is going on."

"In total, our estimate is that MCY will face more than $2 billion of policyholder losses from the fires."

"We note only that both Nomura and Toshiba have an extensive history of episodes involving serious fraud."

"“Philip something from Nuvei...as a corporate officer” — KHAAZRA MAARANU vs ECOMMERCE SAAS, LLC lawsuit."

""Insanity is doing the same thing over and over again and expecting different results" — Albert Einstein"

"A former employee (Source H) indicated that such accounting was standard throughout Eurofins. — Source H"

""hospitals have been looking to increase their capacity, not their capabilities" — One hospital official"

"Throughout Guangdong, it’s all one system, they all are part of the subsidiary management model. — Mr. B"

""In the case of this Sunnova model, all the leverage is with the salesperson." — former Sunnova employee"

"The Company does not have contractual obligations related to take-or-pay arrangements. — Zebra 2020 10-K"

"The punch line from HIMS: "masturbating doesn't appear to lower your body's production of testosterone.""

"“To hide a lie, a thousand lies are needed” — English Proverb; “嘘を隠すには、もっと大きな嘘が必要になる” — 東野圭吾 『嘘をもうひとつだけ』"

"「A300シリーズでは新たに設計された光学系や高輝度光源『URASHIMA』を採用し、従来のA150シリーズと比較しても非常に高い欠陥検出性能を実現しています。」 — Lasertec Corporation"

"将来を見据えた業容拡大への対応……お客様からの需要増に応じた研究開発および製造能力の増強を企図しております。 — Lasertec Corporation (2022/09/30 Press Release)"

"The former employees often referred to the practice as “pulling forward” sales. — Former Nidec employees"

"In the absence of alternative etiologies, an association with Wakix is possible. — FDA FAERS Case Report"

"In the Matter of KEVIN LEROY GREENE, CPA, Certificate No. 8236, Respondent. — Oklahoma Accountancy Board"

"will barely be perceptible against the ambient environment of cities — NASA research paper on Joby eVTOL"

"Müller’s response was technically correct, although in our opinion it veered far from being forthright."

"Warren Buffett’s iconic holding company has significant excess cash and is trading at a cheap valuation"

"Recent share price declines reflect concerns about the impact of low oil prices on HHC’s Houston assets"

"Current BBB reviews of Nuvei generally reflect a poor rating and frustrations echoed on other websites."

"The Company’s EV / Sales multiple for its M&A is higher than the industry median for the last 10 years."

"Genius' exclusive partnerships are highly concentrated in European soccer with the exception to the NFL"

"Language buried in Avery's recent 2020 quarterly filings suggest greater tax challenges on the horizon."

"Far beyond simple complaints about workload, there are many references to a fundamentally poor culture."

"FIGS trades at a material premium to DTC and retail/apparel peers at approximately 4.0x 2022E revenues."

"P&G’s share price increased by 30% including dividends from inception of our initial investment to exit"

"We believe Southwest represents the most compelling airline turnaround opportunity in the last 20 years"

"This is particularly true for industrial customers who have the ability to switch to alternative fuels."

"Despite the CEO's overly bullish comments, we find no organic growth driving the Other Revenue segment."

"If such a competitor were none other than the CEO’s family, shouldn’t stockholders be deeply concerned?"

"CELLULAR TOWERS ARE SOON TO BECOME THE MOST EXPENSIVE OPTION OF LAST RESORT; THE HALCYON DAYS ARE OVER."

"Tessera has failed to achieve every commitment it has made in its DOC business over the past few years."

"Years of losses ensued. Management was changed a couple times, and the shares bottomed at $2.70 in May."

"Dycom frequently promotes quotes from Frontier Communications executives in its investor presentations."

"3M Health Care had grown organically every single year for more than 20 years, even through recessions."

"Unfortunately for shareholders, Solventum's performance since the spin has not lived up to its promise."

"Despite MPWR talking sustainable 40-50% revenue CAGRs, actual results are decelerating fast in H1 2019."

"We have little confidence that the CEO's buddy Herbert Chang would stand in the way of pay he received."

"We look at Paychex's business model and think that that's one that we can emulate as we grow over time."