Callouts & quotes from 37,061+ activist slides

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

"Spruce Point interviewed a former Monster employee to get insights across many import areas of concern."

"We observe that Monster is mostly losing distribution and Spruce Point believes the trend may continue."

"Monster may be more heavily dependent on convenience stores for distribution than is widely recognized."

"GCP is among the smallest of its peers based on revenue, number of employees, and market capitalization"

"Brands available in the U.S. but with low-to-moderate presence in many of the countries GCP operates in"

"In the last 4 years, GCP has spent over $75 million on R&D but has not launched a single new SBM brand."

"We believe DuPont's recent share price performance reflects the market's desire for Trian's involvement"

"We believe DuPont's recent share price performance reflects the market's desire for Trian's involvement"

"Spruce Point’s fair value price target for SMCI’s stock price is approximately $42.39– $50.86 per share"

"ELF’s marketing communications increased the messaging of “Joy” not long after engaging Movers+Shakers."

"Citron believes the whole thing is a fraud to create invoices to deceive the auditors and book revenue."

"We see several opportunities to improve engagement (better engagement = better monetization potential)."

"Elliott is committed to unlocking the substantial upside at Phillips 66 for the benefit of shareholders"

"Phillips' claim rests on an illogical peer group, an incorrect methodology, and a misleading start date"

"The definition of insanity is doing the same thing over and over again and expecting different results!"

"Huntsman should provide greater disclosure on human capital management, in-line with its Primary Peers."

"The definition of insanity is doing the same thing over and over again and expecting different results!"

"90% decrease between when Mr. Ferrari joined the Board until the sale of Huntsman's stake to SK Capital"

"Huntsman has received significantly less support for its executive compensation plan versus Proxy Peers"

"Huntsman should provide greater disclosure on human capital management, in line with its Primary Peers."

"The Company presented three financial targets to justify the Rockwood TiO2 transaction to shareholders."

"We believe the Board has structured management compensation in a manner that diminishes accountability."

"Turner's overall EBITDA margin of 36%, however, is estimated to be in the lower half of the peer group."

"TWX is a collection of autonomous divisions that have been unable to generate any meaningful synergies."

"There are at least four conflicting claims by CEO / Co-Founder Maddock about what he majored in at NYU."

"Herbalife has entered into a royalty-bearing, non-exclusive license under United Therapeutics' patents."

"Herbalife cherry-picks the highest earning “Active” Supervisors for its distributor earnings disclosure"

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

"We believe DuPont's recent share price performance reflects the market's desire for Trian's involvement"

"Even if the SSH keys have been changed, their unencrypted existence on older @home devices is shocking."

"Elliott is committed to unlocking the substantial upside at Phillips 66 for the benefit of shareholders"

"Management has continued to promise investors an EBITDA target that is unrealistic to cover its tracks."

"This entity has 20% of Mettler's China revenue, $243m, and has no operations at its registered address."

"Spruce Point has identified a broad range of troubling aspects related to Perion’s recent acquisitions."

"We believe DuPont's recent share price performance reflects the market's desire for Trian's involvement"

"周辺を観察しての第一印象は、活発な事業活動が行われている様子は皆無ということだ。施設はいかにも“古くさい”雰囲気で、「イノベーション・パーク」という名称と不釣り合い。ハイテクな研究開発拠点とは到底思えない。"

"Profitability will suffer if traffic continues to decline – raising prices will not offset weak traffic"

"Profitability will suffer if traffic continues to decline – raising prices will not offset weak traffic"

"If we're going to build it, then let's have a plan that can succeed and make us the 3rd largest player."

"For years... BlackRock has misled consumers about the scope and effects of its widespread ESG activity."

"If all this is true, why is their installed base still a pitiful 92 systems... FIVE YEARS after launch?"

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

"TAL claims its first investment in Shunshun was in December 2015. This is a lie - and an important one."

"In 2012, in our view, the Compensation Committee misapplied incentive compensation to Senior Management"

"Management perceived that if FTAI were considered to be an MRO, it would trade on a multiple of EBITDA."

"Florida DOT has responded to our request for all ROAD contracts. Below are two recent examples in 2024."

"Analysts began hyping the company as a “secular growth story” generally immune to oil price volatility."

"Leaders of Schlumberger and Halliburton point out that only North American shale investment is growing."

"We believe a conservative adjustment to book value should be ~$4.5 billion or ~18% lower than reported."

"Wix is now trading far below peer multiples, despite strong top-line growth and a sticky customer base."

"Below: the corresponding link and SAIC registration certificate with arrows pointing to key information"

"The Water Utility is a hidden gem within Algonquin's portfolio, and its value should not be overlooked."

"The failure to provide a written explanation that can be tested should be deemed an admission of guilt."

"YTD 2018, eighty five inspections of Weis' 121 Pennsylvania locations yielded more than 200 violations."

"Significant Free Cash Flow generation allows Target Corp to de-leverage to 2.8x Lease Adj. Debt/EBITDAR"

"Always follow the money: We observe that total insider ownership peaked in 2023 and has been declining."

"Unfortunately, the Company Has Missed or Is on Pace to Miss ALL of the Commitments Made to Shareholders"

"ADP Positioned to Capture Continued Global Growth as Globalization of HR Moves Increasingly Down-Market"

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