Callouts & quotes from 3,960+ activist slides

"Given their actions to date, we believe these four directors are highly unlikely to demand accountability."

"We believe a significant number of these partnerships - possibly over half - are close to dormant or dead."

"Ask yourself: If the CEO and Board members truly believed in their strategy wouldn’t they be buying stock?"

"Ask yourself: If the CEO and Board members truly believed in their strategy wouldn’t they be buying stock?"

"We believe Fluor is well positioned within the EPCM landscape and should trade at least in line with peers"

"We believe GoDaddy should target Adj. EBITDA margins increasing from 28% exiting 2023 to 33%+ exiting 2024"

"This presentation outlines the plan that we believe Macy's should follow to create value for shareholders."

"We believe Vertiv’s poor Q4 results are not structural and can be fixed with proper operational execution."

"We remain short Herbalife because we believe intrinsic value is meaningfully below the current share price"

"We believe GoDaddy should target Adj. EBITDA margins increasing from 28% exiting 2023 to 33%+ exiting 2024"

"We believe our Revised Transaction addresses all of Target’s concerns and achieves enormous value creation"

"We remain short Herbalife because we believe intrinsic value is meaningfully below the current share price"

"Ask yourself: If the CEO and Board members truly believed in their strategy wouldn't they be buying stock?"

"Spruce Point believes that Generac paid way more cash in acquiring ecobee than it reported on face value."

"Spruce Point does not believe management is best suited to run a large, capital-intensive public company."

"We also believe energy infrastructure GPs provide an attractive template which CCI could choose to adopt."

"We believe towers should be seen by investors as “utilities of the 21st century,” with much faster growth"

"Spruce Point believes the Street’s bullish sentiment on BOOT is extended in both the short and long-term."

"We Do Not Believe iRhythm Senior Management is Credible: The FDA Actions Should Not be a Survivable Event"

"Given the estimated tax basis in McOpCo, we believe that no taxes would need to paid in an IPO of McOpCo."

"We Believe WD-40 Has Few, If Any, Growth Avenues Left And The Company Is Leaving Subtle Hints We’re Right"

"We believe Bristol-Myers also has opportunities to streamline its IT and Corporate Services organizations"

"C3 significantly modified its definition of a customer and we believe the language gets looser over time."

"We believe that the flip was designed to hide the true identities of the real ultimate beneficial owners."

"It answers the question of “What do you have to believe will happen in order to justify the stock price?”"

"Given these trends, we believe the automotive image sensor market could grow to a $4-7bn market over time"

"WE BELIEVE A 90% FRANCHISED SYSTEM WOULD SIGNIFICANTLY IMPROVE OPERATING METRICS WITH SIMILAR NET INCOME"

"Spruce Point believes there are other current and forthcoming headwinds that investors need to consider."

"We believe CCI's dividend yield should compress to a 4.0% yield initially, and then below 4.0% over time"

"We believe a pattern similar to that laid out in the complaint may now be playing out with Quantumscape."

"We believe that this 56% increase in effective daily sensor cost contributed to observed revenue growth."

"We believe the market is missing the impending fiscal cliff facing K-12 school districts across America."

"We believe these comments ignore the reality of the situation facing most school districts in 2024-2025."

"We believe the stock performance is compelling evidence of the effectiveness of the Board and management"

"We believe the stock performance is compelling evidence of the effectiveness of the Board and management"

"With a more efficient R&D process, we believe Bristol-Myers could accelerate innovation and reduce costs"

"We believe recent improvements in SCC margins are unsustainable without fundamental operational changes."

"We believe Peter Huntsman is directly responsible for allocating funding to Dr. Beckerle’s organization."

"Covestro believes a 300 – 600bps margin improvement opportunity is available in its downstream business."

"In short, we believe the SEC's investigation is a serious matter reflecting significant regulatory risk."

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

"We believe that with the right Board in place, substantial value can be created for Darden shareholders"

"We believe 444 Michigan Ave, which matures in January 2024, is a harbinger of the near future for BXMT."

"We Believe BOOT Is Struggling More Than It Cares To Admit Because Of Its Deeply Flawed Big-Box Strategy"

"We believe consensus expectations on revenue growth and Adj. EBITDA margin expansion are not realistic."

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

"We Believe GE Can Incur just over $20 billion in Leverage and Maintain an Upper Investment Grade Rating"

"We Believe the Celgene Deal Carries A Lot of Risk and Will Destroy Value for Bristol-Myers Shareholders"

"We believe the entire HIMS model has been fine-tuned to issue prescriptions and drive rapid drug sales."

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

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

"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"

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

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

"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"

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

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

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