Callouts & quotes from 37,061+ activist slides

"We believe that a good time to buy a great business is when it is in temporary trouble"

"Absent greater change, analysts see little hope for shares (under the incumbent Board)"

"There are clear examples of companies properly tax-affecting the pension contribution."

"GFL's CEO Has An Incomplete Biography And Has Connections To Many Controversial People"

"We are concerned by the Board’s inability to craft well-designed compensation programs"

"We are concerned by the Board’s inability to craft well-designed compensation programs"

"It is clear that Board change is required to address Box’s serious compensation issues"

"Sales today are significantly more Repair & Maintenance items than Discretionary items"

"AMT is destroying billions of investor dollars through its international (ad)ventures."

"XPO could have flushed bad debts and labelled them as acquisition costs to be ignored."

"MDC Partners Reported Bank Overdrafts Before Shares Tanked + SEC Investigation Started"

"QScore above 70 typically indicates patents that are high value and litigation worthy."

"Higher payout ratio would clearly increase appeal of CCI to REIT investors in our view"

"Dycom offers limited details about its capabilities in, or financial impact from, FWA."

"The charts below illustrate the premium valuation received by Dycom relative to peers."

"Vivendi is incentivised to shift profits to the detriment of TIM minority shareholders"

"NQ has always been a bit player in mobile security with a tiny amount of real revenue."

"Xerox shareholders sold control for $9.80 in cash and a stub share worth a few dollars"

"Could earnings have been shifted from VIP to PetIQ in anticipation of the acquisition?"

"Implied price of Dell Class C Shares $56.52 vs Management Claimed Class C price $79.77"

"Despite its scale, Darden spends more than twice the % of sales as the industry median"

"Keys to casual dining success: LEADERSHIP – INNOVATION – VISION – EXECUTION (L.I.V.E.)"

"Olive Garden needs to tailor its guest experience to both current and future customers"

"Despite similar sales mix, geography, unit count, and store size: Dollar General has -"

"SG&A includes ~$45mm (~50bps of sales) of renovation and new store pre-opening expense"

"We believe Dow Jones is a high-quality business and should garner a premium valuation."

"ALLEGATION: Fewer than half of the buses in CCME’s network actually show CCME content."

"Despite claims of success, Phillips has not closed any of the profitability gap to VLO"

"We note concerns that 3 former employees shared on the use of cherry-picked lab tests."

"QS is cherry-picking a dendrites sample versus showing data that’s actually convincing"

"It is clear to me that the IonQ SPAC has gone too far in what is...morally acceptable."

"In 1H 2012, Hess well costs were 39% above Continental when drilling same type of well"

"For all That Money, Viacom's Stock is up 3% Over Those 5 Years vs. 64% for the S&P 500"

"There are numerous examples of acquisition-intensive companies that have not succeeded"

"A disciplined capital allocation approach can deliver further upside to current levels"

"We believe Autodesk can meaningfully improve its combination of growth + profitability"

"Autodesk's quality of earnings is subpar and a point of frustration among shareholders"

"At least 500bps of S&M cost savings (~$275mm) and 300bps of G&A cost savings (~$165mm)"

"At least 500bps of S&M cost savings (~$275mm) and 300bps of G&A cost savings (~$165mm)"

"We believe Fluor has significantly less competition in the construction industry today"

"It can't build, it can't sell and it can't generate value to cover its operating costs"

"Management fails to grasp the cost focus necessary to maximize value in resource plays"

"Extensive executive and director leadership in post-acute care services and operations"

"EAB literally advertises that as a client you get preferred access to student records."

"Despite its scale, Darden spends more than twice the % of sales as the industry median"

"Keys to casual dining success: LEADERSHIP – INNOVATION – VISION – EXECUTION (L.I.V.E.)"

"SE's Sum of the Parts (SOTP) Valuation Range is $41 to $48/share (+32% to +55% upside)"

"The sell side does not yet appreciate the consequences of emerging competitive threats"

"The sell side does not yet appreciate the consequences of emerging competitive threats"

"Fasteners on new airframes are more expensive. Gaining revenue in fasteners is a given"

"Despite claims of success, Phillips has not closed any of the profitability gap to VLO"

"Spruce Point warns investors about putting too much reliance on AMR's stated reserves."

"This highlights the Board’s inability to oversee Mr. Proud’s chaotic management style."

"The Authors stand to realize gains in the event that the price of the stock decreases."

"Elliott believes Southwest Airlines (NYSE: LUV) represents the most compelling airline"

"Revenue from period through June 3, 2022 but well off prior quarterly run rate results"

"Vivendi is incentivised to shift profits to the detriment of TIM minority shareholders"

"We note that the bio doesn't state what Televerde does or what these “operations” are."

"Rio operates some of the world's highest quality iron ore, copper and aluminium assets"

"Market share losses across the majority of P&G’s largest markets over the past 5 years"