Callouts & quotes from 37,061+ activist slides

"JOE sold 4 beach front lots July 2010 Average price per lot: ~$331,000(1)"

"We believe excitement around Pure's hyperscaler opportunity is misplaced."

"Yet BOOT will no longer provide a reconciliation of EBITDA for investors."

"PSH has acquired a new investment that represents 12% of Net Asset Value."

"Our Olive Garden turn around plan is centered around the following steps:"

"I think there is a decent chance than CONSOL will do something like that."

"And we are not going to, going forward, report on consumption per brewer."

"Dropping US Transmission assets into SEP yields SE value of $20-$21/share"

"We adjust 2025 Adjusted EBITDA down by approximately 90% to $103 million."

"The results are stark – EPS is dramatically underutilizing its asset base"

"Dr. Kleinfeld and Ms. Russo have done very well by overseeing one another"

"We believe the Arconic Board size of 13 should be reduced to 11 directors"

"Incremental utilization (at lower EBITDA/MT) drives higher EBITDA and FCF"

"“Margin Gap with PCC is Structural”: Management Failed Year after Year..."

"The Shareholder Slate intends to focus on improving operating performance"

"We believe Chipotle represents a highly attractive turnaround opportunity"

"We believe the implications for iRhythm’s historical compliance are huge."

"BlackRock's current corporate governance remains unequivocally the worst."

"Dropbox is not a default option, whereas OneDrive or Google Drive are...."

"Corporate Governance Concerns And Insider Activity Should Worry Investors"

"As a result, we believe its true leverage is closer to 2.3x and not 1.5x."

"We believe Brand McDonald's could be worth 12.5x – 13.5x EV/2006E EBITDA."

"Set forth herein is a table which details our sum-of-the-parts valuation."

"The gene synthesis process is the same at Twist as it is everywhere else."

"Software and professional service expenses have risen 10 – 18% since 2012"

"Is this the team to deliver fresh perspectives and organizational change?"

"元社員の証言によると、データセクションの石原紀彦CEOは、中国の軍事関連企業の関与を隠すためにNowNaw Japanを利用しているとみられます。"

"中価格帯製品群の見直しは、成長市場におけるシェアを維持するために必要であり、低コストOEMからの圧力が高まるAPACおよびEMEAにおいて特に重要"

"Celgene management was extremely excited about the prospects for GED-0301"

"Celgene management was extremely excited about the prospects for ozanimod"

"The history of the PMIs illustrates private capital’s pro-cyclical nature"

"Elliott sees a clear need for change, while Phillips 66's Board does not."

"These combined investments pale in comparison to what peers are spending."

"Trian's Nominees Will Bring Fresh Perspectives and Alignment to the Board"

"Disney should commit publicly to a 15-20% operating margin target by 2027"

"Elliott sees a clear need for change, while Phillips 66's Board does not."

"Phillips 66 has worse gross margins than VLO & MPC in almost every region"

"Investors have no confidence in Mark Lasher's ability to lead Phillips 66"

"Despite the strong outlook, Class A Mall stocks declined 11% year-to-date"

"Sizable guaranteed annual pension benefits further reduce accountability."

"The analysis would suggest that Publishing is undervalued as part of TWX."

"POTENTIAL XL CUSTOMERS ARE PLACING LARGE EV ORDERS WITH OEMS, NOT WITH XL"

"Formula 1 is a nutritional shake mix like Lean Shake, Slim-Fast or Ensure"

"Herbalife's Multivitamin is more than 3x the Price of Comparable Products"

"We believe APD’s EBIT margins (16%) can approach comparable Praxair (22%)"

"CSTE's financial forecasting is akin to holding their finger in the wind."

"Elliott sees a clear need for change, while Phillips 66's Board does not."

"Phillips 66 has worse gross margins than VLO & MPC in almost every region"

"Investors have no confidence in Mark Lasher's ability to lead Phillips 66"

"Holding Companies: Figure 13 – no record of a share transfer to Ecomondus"

"Holding Companies: Figure 15 – no record of a share transfer to Ecomondus"

"We are short AKG because we believe it is highly likely to end up a Zero."

"「たしかに納得しがたいことです。我々エンジニアとしては、引き続き稼働中の光源を整備しつづけています。いずれ、誰かが目覚めてくれることを祈りながら」"

"レーザーテックが目指した極端紫外線の事業展開はそもそも無理があった。数十億ドル相当の投資を行わず、極端紫外線光源の開発を目指すのは非現実的な夢だ。"

"例えばマスクを検査する場合、従来を超える成果を確保していると確認するためには、毎日でも新しい技術と平行して従来の技術も使い、比較する必要があります"

"レーザーテックの最大の顧客企業は、米国籍の仕入れ先を使うように、米国政府から「大きな圧力を受けている」。「その結果、レーザーテックは仕事を失う」。"

"GCP is significantly higher than best-in-class Sika and other close peers"

"We believe the market is significantly undervaluing Fluor’s core business"

"Aurora promises investors a business model its technology cannot deliver."

"We believe News Corp owns a diverse portfolio of high-quality businesses."