Callouts & quotes from 676+ activist slides

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"DLO's Take Rate is an outlier among peers – i.e., it seems too good to be true."

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"This once again showcases that Sinch ranks significantly higher than its peers."

"More specifically, GoDaddy has underperformed peers by nearly 50% year-to-date."

"Pfizer achieves consensus sales expectations less consistently than its peers."

"Even so, churn compares favorably to several highly-valued subscription peers."

"Pfizer achieves consensus sales expectations less consistently than its peers."

"Multiple contraction closer to peers and best performer Progressive Insurance"

"We believe Tripadvisor trades at an attractive multiple compared to its peers"

"We believe Tripadvisor trades at an attractive multiple compared to its peers"

"We sold our holding in Kao as the company continues to underperform its peers"

"We believe Tripadvisor trades at an attractive multiple compared to its peers"

"We believe Tripadvisor trades at an attractive multiple compared to its peers"

"A Comparables Analysis Shows That Silver Sand Is Valued 17x Higher Than Peers"

"Consistently lowest transportation segment operating profit margin vs. peers"

"Logic would suggest that Momo's rate will come down to match peers over time"

"ATTRACTIVE EARNINGS STREAM IN-LINE WITH HIGHLY VALUED PUBLIC MIDSTREAM PEERS"

"Kao Captures Less Upswing and More Downswing of the Asian Market than Peers"

"Vertiv has significantly underperformed its peers over the last two years."

"The Company PAID MORE than its peers, BUT PERFORMED WORSE than its peers."

"Autodesk spends more than 1,000bps more than peers on operating expenses."

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

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

"The Company's valuation multiple versus peers has also FAILED to improve"

"The Company's valuation multiple versus peers has also FAILED to improve"

"Compared to its peers, Bayer is less exposed to future pricing pressure."

"IF P&C’s qualities merit a premium multiple vs. publically listed peers"

"McDonald's has the lowest CDP Climate Change score out of all its peers"

"Direct Peers have all grown operating margins while GCP's have declined"

"Direct Peers have all grown operating margins while GCP's have declined"

"Deckers has underperformed its proxy peers by 31% over the last 3 years"

"Deckers has underperformed its proxy peers by 85% over the last 5 years"

"Salesforce can continue closing the gap to peers on S&M efficiency"

"GCP has lagged peers every year since spinning off from W.R. Grace"

"Salesforce can continue closing the gap to peers on S&M efficiency"

"Target falls short vs. refining peers that are offering ~100% FCF"

"Target falls short vs. refining peers that are offering ~100% FCF"

"Target falls short vs. refining peers that are offering ~100% FCF"

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

"Of Keisei's six peers, five have split the Chair and CEO roles."

"Viacom's Recent Financial Results lag their peers significantly"

"Yet, MGNI trades at a lofty 13.6x forward sales vs. 8.0x peers."

"Bottom quartile among peers in returning cash to shareholders"

"Huntsman's margin deficit versus peers has WORSENED over time"

"Huntsman's margin deficit versus peers has WORSENED over time"

"Huntsman's margin deficit versus peers has WORSENED over time"

"Huntsman’s margin deficit versus peers has WORSENED over time"

"Huntsman's margin deficit versus peers has WORSENED over time"

"Dividend growth over last 5 years has outpaced that of peers"

"Dillard's Shares Underperformed Peers By 200% From 2000-2007"

"Peers have successfully refranchised in a number of markets"

"Peers have successfully refranchised in a number of markets"

"ACMR Trades at a Massive Discount to U.S. and Chinese Peers"

"HMC Discount vs. peers: (26%) Kia Discount vs. peers: (73%)"

"PepsiCo EPS growth has materially trailed peers since 2006"

"Post Elliott’s involvement, outperformed peers by ~150%"

"GoDaddy has 3-5x more customers than its public peers"

"Sensai is tiny compared to peers, it has room to grow"

"GoDaddy has 3-5x more customers than its public peers"