Callouts & quotes from 37,061+ activist slides

"VRX’s share price has declined 93% from our average cost at announcement through January 20, 2017"

"The narrative of consistency is indoctrinated to investors by repetitive preaching by management."

"There's an opportunity to get invested in our stock when the June (2013) lock-up expiration comes"

"Spruce Point observes substantial modifiers tied to the analytically flawed Free Cash Flow metric"

"EBITDA margins have contracted by 530bps (pre-acquisition to 2022) and 1,130bps (Q1 2020 to 2022)"

"Recent revenue, same store sales, and operating margins continue to be the worst among OSS peers."

"The Compensation Committee is clearly not focused on aligning incentives with stockholder returns"

"Starboard reconstituted a majority of the Board with directors who guided a successful turnaround"

"We believe that only 10% of Lowe’s revenues face a high risk of competition from online retailers"

"The fiber business isn't a bad business. It's a great business. It's just not the tower business."

"We welcome the opportunity to engage with Phillips 66 shareholders on this remarkable opportunity"

"As a result, this is a potential lever being used by management to embellish operating cash flow."

"We believe the current financial situation at the Exchange is similar to the 2000 to 2002 period."

"Under Vivendi's control, the incentives would not be aligned between Bolloré and TIM shareholders"

"Despite insiders having sold $130 million of stock, more than $110 million was left on the table."

"A one-sided deal that benefits Tullow alone through a de-leveraging of its stressed balance sheet"

"Assuming flat product segment gross margins: FY20E EBITDA cut by 40% FY20E Adj. EBITDA cut by 35%"

"Assuming flat product segment gross margins: FY20E EBITDA cut by 40% FY20E Adj. EBITDA cut by 35%"

"Focus on the labor cost reduction opportunity and instill that mindset across the entire company."

"Darden could see a ~$30 million EBITDA improvement just from picking the right weeks to advertise"

"Even peers that already had a strong alcohol mix have been successful in increasing alcohol sales"

"In our opinion, the Manulife contract provides long-term interest rates with short-term duration."

"Despite ~60% Increase in Stable Earnings... ...0% Increase in Multiple vs. Merchant Refiner Peers"

"Publicly-traded REITs have historically traded in-line with Green Street's estimates of their NAV"

"We believe that a strong push into Europe by Dexcom would be expensive and yield limited returns."

"Elliott has never suggested liquidating the company. Public shareholders have seen this before..."

"Redstone Should Step Aside as Chair so That Viacom’s Stock can Get Rid of the Succession Overhang"

"Strategic Reassessment – Which Aspects of Viacom Might Make More Sense Under Different Ownership?"

"We believe the combination will deliver sizable benefits and accelerate management’s growth plans"

"The IAA Merger would severely erode RBA's business quality and lacks compelling industrial logic."

"Executive compensation plans should be designed to align interests of management and shareholders"

"St. Joe took a more aggressive approach to its land holdings by becoming an active land developer"

"Spruce Point believes that Tempus has a $250 million cookie jar to embellish its Adjusted EBITDA."

"The accrued cloud storage liability on the balance sheet declined YoY and QoQ by -20% in Q1 2025."

"Thus, as early as 1997, TRE engaged in an undisclosed related party transactions with Sonic Jita."

"A complex menu presents logistical challenges that both raise costs and harm the guest experience"

"Focus on the labor cost reduction opportunity and instill that mindset across the entire company."

"Even peers that already had a strong alcohol mix have been successful in increasing alcohol sales"

"Darden could see a ~$30 million EBITDA improvement just from picking the right weeks to advertise"

"In the last ten years it has spiked into the double digits. Today, it is near its lows around $2."

"When asked about this discrepancy, GMCR’s CFO refused to disclose Van Houtte’s operating expenses"

"Maxar should immediately cut or eliminate the dividend and direct capital towards debt reduction."

"Maxar should immediately cut or eliminate the dividend and direct capital towards debt reduction."

"We believe TheFork is a highly strategic asset in a category with significant recent M&A activity"

"Below: V Team Prague’s 2020 financial statements show €5.8m (CZK 147m) in borrowings from CPI FIM"

"The GEC (Guest Experience Captain) role has shown negligible positive impact on store performance"

"Dr. Kleinfeld is unambiguously one of the worst performing continuously tenured CEO's in the U.S."

"How did this happen? Simple. By revising historical disclosure to include discontinued operations"

"Dr. Kleinfeld is not an "engineer" (of anything other than massive shareholder value destruction)"

"Imagine a portfolio of three malls, each worth $100 and each with a 60% LTV non-recourse mortgage"

"PAH’s share price has increased 13% from its IPO on the London Stock Exchange to January 19, 2018"

"CMG’s share price has declined 15% from our average cost at announcement date to January 19, 2018"

"NKE’s share price including dividends has increased 29% from our average cost to January 19, 2018"

"Relatively flat margins despite revenue growth demonstrates the Company's failure to attain scale"

"If iRhythm final reports are not reliable, then PCPs are unable to properly diagnose arrhythmias."

"A Premier Research Scientist Who Has Examined Using AI For Arrythmia Detection Now Works at Apple"

"We believe investors should be worried when companies reduce business and financial transparency."

"Shouldn't BlackRock Lead Independent Director be available to meet with a dissenting shareholder?"

"Needless to say, we agree – if GTT cannot find a way to grow organically, the future looks bleak."

"Only total operating income/expenses were presented in the 2017 Dutch filing, as reflected above."