Callouts & quotes from 37,061+ activist slides

"Herbalife’s corporate history is replete with lawsuits alleging that it is a pyramid scheme."

"The larger the incentive to recruit, the faster the geometric progression of the saturation."

"Recent performance has shown weak top-line trends, with like-for-like sales down 5% for 2015"

"Following Mr. Schuler’s stock purchases, therefore, is a risky path that we don’t recommend."

"Ushio source “is not stable” and “fluctuates”; Ushio is trying to hide their source problems"

"After seven years of running my own high-end handbag company in Italy... — Co-founder Hasson"

"SEC Charges KPMG $22M To Settle SEC Litigation Relating to Xerox Audits from 1997-2000 — SEC"

"“I want us to be the next MTV, ESPN, and CNN rolled into one” (2013) — Shane Smith, Vice CEO"

"The iMBA's enrollments are 264 and 787 for the Fall 16 and Fall 17 enrollments respectively."

"Bernard Madoff claims to have executed no real trades in his fraud – likely for this reason."

"トヨタのようなグループ親会社にとって、持合株式は論争の的となっており、親子上場や恒常的な低評価と並んで問題視されている — Asset Value Investors, 2025年4月"

"“豊田自動織機の1株あたり簿価は、[...]税務上の観点からすると、この取引がもたらす利益を過小評価している可能性がある[...]” — Travis Lundy、2026年1月14日"

"one of the most promising in our history — Management (referring to the Company's pipeline)."

"「A300とA150との有意義な比較ができるほど『概念実証』と言えるほどの概念実証あるいは実用のケーススタディーのデータは提示されませんでした」 — マーベル・テクノロジーの上席従業員"

"「つまり、インテルがレーザーテックに優秀サプライヤーの賞を授賞するのは、KLAに『くたばれ』という同然の行為ですね」「そのとおりです」 — KLAで極端紫外線マスク検査を担当した元幹部"

""Domestic is an area where Rollins has underperformed over time." — Former Rollins Executive"

""the Court, should have received a more transparent, evidenced explanation." — Judge Fordham"

"“The learn-it-all will always do better than the know-it-all” — Satya Nadella, Microsoft CEO"

"APP’s CEO reportedly claimed APP experienced “no churn” among its e-commerce beta customers."

"Crush margins are the worst in China. We do expect those to improve. — Q1'21 Conference Call"

"Subsidiary of Bulk Carrier Settles Allegations of Sanctions Violations — Wall Street Journal"

"the rep is kind of an extension of your practice. — One of Nevro’s highest volume implanters"

"“For livers, we don't use it at all...we use OrganOX” — Leading liver transplant surgeon/KOL"

"“looks like a third world prison” — Muddy Waters Investigator. “prison-like” — The Guardian."

"six of them likely or very likely related to the tiprolisant treatment. — Pilot study (2007)"

"“And no finished goods in there, right?” — Investigator; “No. All work in process.” — IR rep"

"“And no finished goods in there, right?” — Investigator; “No. All work in process.” — IR rep"

""IT'S A GREAT ALL PURPOSE CLEANER AND IT MAKES A NICE FLAVORING FOR GUM!" — CartoonStock.com"

"WELL, WELL - THIS SHOULD CREATE A NICE LITTLE WAVE OF PANIC AND HYSTERIA. — CartoonStock.com"

"Maybe in five or maybe 10 years, there won't be much money to be made on remittance per se."

"Spruce Point believes the market should consider RELY's 23m+ RSUs as part of the valuation."

"We believe the Company’s COVID breakthroughs were monumental to ending the global pandemic."

"Peers have been successful at developing and commercializing GLP-1s whereas Pfizer has not."

"There are two reasons why it is virtually certain that EDU is consolidating the franchises."

"HTA and its CEO’s associations to bad actors, bankruptcies and liquidations is astonishing."

"Other deals like Garden Fresh Gourmet (salsa) and Plum Organics (baby food) have not worked"

"We believe FIGS has a troubling history of exaggerating key financial and business metrics."

"GFL's disclosures make it impossible for investors to evaluate its ability to create value."

"Does Sunrun receive ITCs based on EIA numbers or (non-GAAP) Subscribers? Or something else?"

"We Believe ABML Overstates Its Market Opportunity And Has Made Numerous Questionable Claims"

"Six months later, on May 23, 2012, WCT Resources flipped those specific leases to SandRidge"

"Prior to our involvement, stockholders were frustrated with Box’s poor profitability levels"

"Other investors filed a lawsuit claiming the Preferred Financing was done to “buy the vote”"

"AMT'S INTERNATIONAL BUSINESS IS PART CARRY TRADE AND PART LEVERED DIRECTIONAL CURRENCY BET."

"We find this level of evasiveness in response to such a vital question highly questionable."

"We believe Aquablation competes poorly with UroLift unless resective actions are indicated."

"Danone is a leader in several of the fastest growing categories within global packaged food"

"While some peers are moving to nutritionally-focused portfolios, Danone is already there..."

"Highest industry earnings growth rate at risk of material disappointment absent acquisition"

"Excellent questions to which we don't have competent answers, and we won't change anything."

"Superb Summit's HK$ 600 Million Purchase of a 40.8% Indirect Stake in JFT is Likely a Sham."

"Monolithic's ability to rarely disappoint on sales and earnings in its industry is amazing."

"Many areas of the transformative opportunity at CDK are similar to those which exist at ADP"

"How can CTC compete against major competitors in e-commerce with its insufficient IT spend?"

"Post Conduent spin, Xerox's stock has regressed to underperforming the market and its peers"

"Xerox must develop a strategy to monetize this valuable asset to increase shareholder value"

"Mistakes were clearly made in 2022, but we see no evidence of permanent impairment to parks"

"Mercury just deleted references to Supermicro as a technology partner on Germane’s website."

"We believe Darden employs numerous policies that add cost but deliver no value to customers"

"We believe large scale and global CROs will disproportionately benefit from industry growth"