Callouts & quotes from 37,061+ activist slides

"Over $5 billion in sales with attractive free cash flow dynamics"

"Evidence of Manipulative Restructuring And Impairment Accounting"

"Hopefully Arms-Length Transactions And GFL Paying A "Fair" Price"

"All facts continue to confirm that Herbalife is a pyramid scheme"

"The Howard Hughes Corporation’s share price increased 9% in 2014"

"Gross margin contracted during a period of improving revenue mix"

"The appropriate discount rate to use for American Tower is 9.5%."

"Thus, we sense Procept may be engaging in a bit of “AI-washing”."

"Beginning in January 2015 we were free to acquire Valeant shares"

"All facts continue to confirm that Herbalife is a pyramid scheme"

"We believe Kronos is poised to achieve long-term margins of ~40%"

"“Sucking Wind” / STRONG SELL OPINION / Penumbra, Inc. | NYSE:PEN"

"All Aboard... the Path to ~$18 EPS and ~$400 stock price by 2025"

"Time for Urgent Action: Keisei's D2 Plan and Board Configuration"

"Darden must refocus its advertising efforts to attract customers"

"A strategic buyer could justifiably pay a ~50% premium to market"

"LabCorp has retained the Central Lab and Pre-Clinical businesses"

"When we engaged with Marathon, our base case implied +60% upside"

"These two sites are directly across the street from one another."

"JOE provided the mortgage for the sale of the 4 beach front lots"

"Hess Resource Co. would be premier resource play focused company"

"BOOT no longer shows the slide below or reports customer growth."

"PowerSchool Keeps Kicking A Higher % Of Expenses Into The Future"

"Darden must refocus its advertising efforts to attract customers"

"We believe Viator should grow faster and be much more profitable"

"The big capital spending comes from creating developed reserves."

"$3+ billion of excess cash can be used to Fund Utica development"

"Below: CPI PG 2023 Cash Flows show only €3m in interest received"

"When we engaged with Marathon, our base case implied +60% upside"

"1.43 acres of land sold for $26mm ($18mm / acre) here in June-07"

"GGO owns the air rights above the Fashion Show Mall in Las Vegas"

"LabCorp has retained the Central Lab and Pre-Clinical businesses"

"Salesforce should, at a minimum, be in-line with the peer median"

"This should pose a threat to Sunnova’s lease dependent business."

"McOpCo is not reaching its full business and financial potential"

"We note how often the CFO projects gross margins of 60% or more."

"The principles that will rejuvenate BNY Mellon are common sense:"

"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[...]"

"The CEO is adamant that recent results "no way reflect a trend"."

"Bristol-Myers profitability significantly lags that of its peers"

"Kao must recognize that more growth is available in new markets."

"This implies a midpoint equity valuation range of $48 per share."

"The reconstituted Board helped Marvell reach its full potential."

"Despite advantages, State Street generates little margin benefit"

"INSUFFICIENT DISCLOSURE TO NORMALIZE RESULTS FOR COMMODITY PRICE"

"All facts continue to confirm that Herbalife is a pyramid scheme"

"The Howard Hughes Corporation's share price increased 9% in 2014"

"DuPont lacks a consistent reporting methodology for M&A activity"

"Somehow the subprime lender is the one with the ethics asterisk."

"Recent results have been significantly worse than peer railroads"

"Salesforce should, at a minimum, be in-line with the peer median"

"Not a single change in the # of R&D employees in 3yrs a red flag"

"We call on Mettler to cease its repurchase strategy immediately."

"Perion lost ~18% of its SORT® customers from Q4 2022 to Q1 2023."

"DuPont lacks a consistent reporting methodology for M&A activity"

"つまり、膨らんでいる棚卸資産は、売上原価の過少計上と利益の誇大計上、それらが不自然に高い利益率につながっていると強く連想させる。"

"レーザーテックのキャッシュ変換率は着実に落ちている。とりわけ過去2年間は下降のペースが速まり、直近の2四半期にはさらに下落した。"

"重ねて強調するが、棚卸資産高が膨らみはじめたのは、レーザーテックがACTISの極端紫外線装置を発売した2019年〜2020年だ。"

"このような事実から、レーザーテックの経営陣がイノベーション・パークに関して発信してきた情報がでたらめであることが明らかになった。"

"We believe Viator should grow faster and be much more profitable"