Callouts & quotes from 37,061+ activist slides

"In some places, the rocks hold oil. Lots and lots of oil."

"Any way you look at ATI’s results, it outgrew Arconic EPS"

"Losing David Hebert to PCC is a key loss for Firth Rixson"

"Optimistic buzzwords do not amount to a credible strategy"

"ARNC Net PP&E = PCC + Novelis, but Gets Much Less Revenue"

"How loyal will customers be if they can't purchase Oatly?"

"Leproust’s only superpower seems to be incinerating cash."

"BK's Tier 1 capital ratio has approached multi-year highs"

"Inability to pursue stock-based M&A limits growth options"

"Management’s Arguments Against Unification Don’t Stack Up"

"These segments comprise ~75% of GE’s Industrial EBITDA(1)"

"HOW COULD 2 WEEKS BE SUFFICIENT FOR FULL DUE DILIGENCE???"

"Black Saturday (9/24/1983) HKD hits an all time low: 9.60"

"A falling USD puts more pressure on HK authorities to act"

"CP's performance targets are meaningfully lower than CN's"

"We Question The Quality of “Healthcare” Delivered By HIMS"

"Special committee acts as agent for minority shareholders"

"Projected to generate nearly $50M of net operating income"

"DuPont "shuffles the deck chairs" with operating segments"

"Yet these benefits have not accrued to TI's shareholders."

"DuPont "shuffles the deck chairs" with operating segments"

"Disney's Near Decade of Negative Absolute TSR Performance"

"THE MAJORITY OF TOUTED CUSTOMERS ARE REPORTEDLY INACTIVE:"

"Referral rates contracted materially ahead of TASK's IPO."

"Spruce Point's Questions For Aegon's Management and Board"

"Yet, Herbalife Spends “de minimis” Dollars on Advertising"

"Distributors cannot advance past this line w/o recruiting"

"In some markets, Herbalife has added even more Surcharges"

"We estimate $2-$4bn of excess corporate costs (annually)."

"このような条件が揃った上状況で、長年舵取りをしてきたCEOが退任するのは、当該企業の終わりが近いと強く連想される。"

"これを聞いてナイーブな投資家は、アクティニックのマスク検査装置の“独占体制”で“日本版ASML”だと早とちりした。"

"論文は、装置を実際に使った成果の報告を記載しないかわりに、数学のモデルとそれに基づいたシミュレーションを紹介する。"

"主要な顧客は「葛藤している」。「過酷な選択」に迫られている。追加装置を「購入するのがばかばかしい」と言われている。"

"TSMCは基本的にレーザーテック製からKLA製に切り替えている。TSMCにおけるKLAのシェアが伸びつづけている。"

"マーベル・テクノロジーの上席従業員はレーザーテック製の装置の諸々の問題についてASMLから裏付けが取れた、という。"

"TSMCは基本的にレーザーテック製からKLA製に切り替えている。TSMCにおけるKLAのシェアが伸びづづけている。"

"TSMCでは、レーザーテック製装置への信頼性が低いため、他社製の複数の装置を併用して、検査を行わなければならない。"

"In our opinion, Nidec effected a bailout of Mr. Nagamori."

"Realidades Sobre Herbalife: Las historias de las víctimas"

"We believe this framing was designed to convey sacrifice."

"Why Broadridge Is Overvalued With 65% – 75% Downside Risk"

"Management’s Projections Appear to Ignore Key Assumptions"

"Dividend cut has caused forced selling by yield investors"

"Here is a photo of the WinterGreen Research headquarters."

"And to power those electric vehicles we need electricity."

"We want Nintendo to publish games for iOS and Android ..."

"We Have Significantly Expanded Margins In Core Operations"

"We Are Leading Our Industry in Every Key Technology Trend"

"Management has a good track record of showing discipline."

"Missing key targets like this erodes investor confidence."

"His take on Nevro is slimy people, falsification of data."

"いずれの段階においても、取締役を含む花王の代表者は株主の意見に対して聞く耳を持たず、強硬な姿勢を貫き続けています。"

"日本のスキンケアや文化とブランドのつながりを紹介する、没入感のある体験型ポップアップを企画するのはどうでしょうか？"

"And athena is a service business. Just listen to the CEO."

"Losing a patent doesn't necessarily lead to losing sales."

"2024 Return: PSH NAV Net of Fees vs. Indices Total Return"

"Easy To Justify 60% – 90% Downside In USCR's Share Price:"

"The share price has fallen >70% from our initiation price"

"TransMedics has no value proposition vs. coolers and NRP."

"We estimate $2-$4bn of excess corporate costs (annually)."