Callouts & quotes from 37,061+ activist slides

"In most cases, these collected identifiers are persistent, with durations up to one or two years."

"We Believe PGNY’s Differentiation Fades As Its Competitive Landscape Becomes Increasingly Crowded"

"ACMR has a massive balance sheet asset that begins converting into revenue a year after shipment."

"Insiders Are Primed To Sell: We Estimate 55% - 80% Downside Risk Potential To Bunge's Share Price"

"Given its size and scale, TIP REIT will be a “must own” stock for any real estate equity investor"

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

"We Believe REZI’s $2.0bn+ Spent On Acquisitions Are Troubled And Mask Underlying Financial Issues"

"Fannie and Freddie remain valuable perpetual options on their potential exit from conservatorship"

"Perhaps the only thing more far-fetched than Astra's launch rate is how it expects to hold price."

"Fermenters and liquid handling machines are from the same suppliers everyone in the industry uses"

"For Q4'19 Cintas explicitly guided to no repurchases, yet conducted its biggest buyback in Q4'19."

"athena slipped an accounting change into its third quarter 10Q to accelerate revenue recognition."

"Represents over $20 billion of lost value while the Company received a $40 billion+ COVID benefit"

"Elliott is not alone in our recognition of Juniper's share price and operational underperformance"

"The SENZA-RCT pivotal trial is the foundation upon which Nevro's high frequency gimmick is built."

"Comments from one KOL after another were consistent and devastating in their assessment of Omnia."

"Over-utilization, unnecessary implants, and patient exploitation are key drivers of Nevro's sales"

"Over-utilization, unnecessary implants, and patient exploitation are key drivers of Nevro's sales"

"We believe investors should adjust downward Ströer's reported EBITDA as shown in the table below."

"When Apple pays out 100% of its future cash flow, it depletes its domestic cash sometime in 2014."

"G&A spend remains astronomically high and represents a severe level of cash burn for shareholders"

"Track record of turning around underperforming company-operated restaurants and improving margins"

"Disney’s Media business ("Entertainment" and "Sports") significantly under-earns its media peers."

"Disney’s Media business (“Entertainment” and “Sports”) significantly under-earns its media peers."

"The identities of every member of the “Technology Team” have been obfuscated in the presentation."

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

"Limbach also used to reference its key secondary markets but ceased disclosing this in late 2022."

"We are highly confident that at least 73.2% of the 54,065 users in the analyzed classes are bots."

"The valuation discount is significant when compared to soft synergies of joint research and sales"

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

"We believe the Sandell Plan strengthens the ability of FirstGroup to meet its pension obligations"

"LOW's share price including dividends increased 36% in 2020 and increased 9% year-to-date in 2021"

"Management does not explain this $13.1m of Adj. EBITDA discrepancy used to reap $2.7m of bonuses."

"This type of systematic disconnect makes it difficult to have a clear debate between the parties."

"Everything here is a black box - we couldn't even locate the CDER review package, last we looked."

"We are going to wait...we are going to wait...we have not met with their medical science liaison."

"Wary of prescribing Vykat because getting reimbursement approved is so onerous and time-consuming"

"What has been the External Directors' assessment of the decline in EVA over the past three years?"

"Several omissions suggest that the placebo comparison is a contrived attempt to muddy the waters."

"BEA has the second largest branch network in China... and one of the largest retail deposit bases"

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

"We believe Bristol-Myers may have an opportunity to embark upon a similar margin improvement plan"

"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"

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

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

"We are currently Chipotle's second largest shareholder with a ~10% ownership stake in the company"

"We dare to ask: Is WUBA manipulating the market price of its stock through a bogus buy-out offer?"

"Хотел бы уточнить о возможности размещения четырех сирот из ДНР в вашем отеле 22-27 марта 2026 г."

"Хотел бы уточнить о возможности размещения четырех сирот из ДНР в вашем отеле 22-27 марта 2026 г."

"Laut dem eigenen "Adjusted EBITDA" von HelloFresh lagen die RTE-Margen im Jahr 2024 bei nur 1,6%."

"This implies a price of RMB1.5 million per unit, 1/100th of the price from the February contract."

"In FY24, Disney is expected to have ~90% of Netflix's current LTM revenue... but still lose money"

"The executive was clear that its only use case is as a niche R&D tool: “it’s not for production.”"

"Ferguson is predominantly a North American business (currently ~95% of EBITDA from North America)"

"Even so, the P/E is just 7x on what we and management believe to be cyclically depressed results."

"Although near silence might seem attractive now, it will likely destroy value over the long-term."

"We are short NNOX because we think it is a much bigger piece of garbage than Nikola will ever be."

"“The CEO is a headwind to a turnaround. Firing him is the tailwind.” — Top Ten Active Shareholder"

""The CEO is a headwind to a turnaround. Firing him is the tailwind." — Top Ten Active Shareholder"