Callouts & quotes from 3,960+ activist slides

"We have identified these six customers that we believe athena may lose in the coming years."

"We believe large scale and global CROs will disproportionately benefit from industry growth"

"We believe Dow Jones is well-positioned to continue delivering healthy growth and margins."

"We believe any significant expansion into India would present a meaningful risk to margin."

"We believe it has embarked on a multi-pronged strategy to attempt to maintain its position"

"Spruce Point Believes Maxar Technologies (MAXR) Is A "Strong Sell" With 100% Downside Risk"

"While we understand management's math, we believe there is still risk to these assumptions"

"We believe this deal has too much risk. Shareholders should vote AGAINST this transaction."

"We believe that now is an appropriate time for BHP to consider unifying the DLC structure."

"We Believe HIMS Has No Real Product Differentiation While Massive Competitive Threats Loom"

"We Believe TASK Is Not Being Transparent About Pressures With Facebook, Its Largest Client"

"We don't track this number and do not believe it is relevant to the business or investors."

"We believe News Corp trades at a meaningful discount to the value of the sum of its parts."

"We believe Dow Jones is well-positioned to continue delivering healthy growth and margins."

"We believe that these assumptions are quite aggressive and likely to prove too optimistic."

"We believe Dow Jones is well-positioned to continue delivering healthy growth and margins."

"We believe this demonstrates that iKentoo did not experience much growth under Lightspeed."

"However, this time we believe that this is a trough result, rather than a midcycle result."

"we believe this issue is both material and urgent — BlackRock (referencing Exxon AGM 2020)"

"We believe that this provides further indication that the current Board is dysfunctional."

"We believe the Company really did not know what it was buying in some large transactions."

"We continue to believe that Carvana could be a zero given its significant financing risk."

"We believe that Goodyear can earn 385 basis points of incremental margin in the near-term"

"We believe our nominees have the right mix of skill sets to lead Darden to future success"

"We believe our nominees have the right mix of skill sets to lead Darden to future success"

"We believe SBUX and GMCR have approximately $0.22 in operating profit per K-cup to split:"

"The key question for stockholders is this: Who do you believe will make US Foods deliver?"

"Spruce Point does not believe that WSP's DSOs accurately reflect its financial condition."

"We Believe Zebra Is Struggling To Innovate And Venture Bets Don't Appear To Be Paying Off"

"We believe P&G should be organized as three standalone GBUs under a lean holding company."

"We believe P&G should organize into a lean holding company with 3 largely autonomous GBUs"

"We believe Bristol-Myers has opportunities to streamline its Finance and HR organizations"

"We believe the Board ignored obvious interconnects among its most long-tenured directors."

"We believe there are virtually no synergies between Architectural and Industrial coatings"

"We Believe Mailchimp is an Inherently Weaker Business Than QuickBooks and Lacks Synergies"

"The FTC believes Intuit has "engaged in or [is] engaging in deceptive or unfair conduct"."

"We believe Starbucks’ recent challenges are fixable with appropriate management execution"

"We believe a restructuring of Fannie and Freddie should occur in three consecutive phases"

"We believe that times of stress are where you see what a Company and its CEO are made of."

"We believe investors should push back on management's statements about more transparency."

"We believe a restructuring of Fannie and Freddie should occur in three consecutive phases"

"We Believe TRP Conglomerate Discount Will Only Be Eliminated With Energy Segment Spin-Off"

"Buyer Beware: We believe the potential downside for both companies' shares is up to 90%."

"We believe the findings prove that Autodesk management intentionally misled shareholders"

"We believe ALEX's JV development projects are conservatively worth roughly ~$404 million"

"We Believe Investors Underestimate Samsara’s Competition And Challenging Market Dynamics"

"We believe Mr. Ferrari’s professional and financial interconnects are highly concerning."

"The Company believed Textile Effects would enhance the value of its existing businesses."

"We believe that Huntsman can improve its Adjusted EBITDA by ~600bps on a run rate basis."

"We believe Lacuna Diagnostics is an insignificant player in the digital cytology market."

"Spruce Point Believes Limbach Has Too Many Financial And Operational Red Flags To Ignore"

"There are four patterns of user joining that we believe show the user is actually a bot."

"Despite significant investment, we believe Patch has minimal revenue and massive losses."

"In short, we believe NBEV got duped by buying a dying business with inflated financials."

"In short, we believe NBEV got duped by buying a dying business with inflated financials."

"With the election of our two highly qualified directors, I believe we can do just that."

"We believe Pfizer is a great American business that plays an important role in society."

"We Believe FIGS’ Business Momentum Is Deteriorating: A Curse For Retail “Growth” Stocks"

"We believe this indicates that organic rate base growth is falling behind expectations."

"We believe Darden’s proposed Board is at best suboptimal and potentially dysfunctional."