Callouts & quotes from 26,677+ activist slides

"machine's pricing needs to drop 75-95% to be viable; TAM is small, limited to 75-80 of the largest biotech/pharma/CDMO players."

"The CEO forecasted margin improvements from the project in early 2019, but instead Non-GAAP EBIT margins fell 150 basis points."

"We estimate that Olam could have to raise or refinance a total of S$4.6 billion in the next 12 months in order to stay solvent."

"Despite having a Clawback Policy, Rollins has made no reference to enforcing it against the former CFO or any other executives."

"We suspect this language changed because whole engines make up a material portion of inventory and Aerospace Products’ revenue."

"However, in the May 2022 Results Presentation for 2021, $471 million become $56 million; and, $343 million became $260 million."

"As shown at right, Fairfax's reported fair and carrying values for EXCO have consistently been divorced from its market values."

"Volume of DTC options creates Consumer confusion and requires each Content Owner to compete on every vector of differentiation."

"This unorthodox offer suggests that the number of agents on BEKE’s platform could be inflated by buyers disguised as employees."

"CXW’s earnings quality has improved since 2007 as its Owned & Managed segment now accounts for more than 90% of Facility EBITDA"

"FNMA and FMCC share prices have increased 4% and 7%, respectively, from our average cost at announcement date to April 18, 2017"

"However, as we focus on decarbonization, aluminum is an inferior choice, and would be hurt much more by a potential carbon tax."

"Zinc today is about 30% of the revenue. All I have time for is to say that zinc is another commodity used in galvanizing steel."

"Our forensic financial analysis has identified numerous reasons for caution and skepticism beyond those previously highlighted."

"REZI’s “Exclusive Brands” growth story is not by accident. We believe it is because it has little edge in many brands it sells."

"However, to have faith in these goals, REZI should provide reliable and consistent metrics for investors to track its progress."

"Spruce Point observes that REZI's leverage has materially increased while cash flow available for debt reduction has decreased."

"That specific company is extremely unhappy with Ginkgo, and it's very tragic because they have to work very closely with Ginkgo"

"we find that AFAM’s “true” bad debt expense was at least 4.5% of net service revenue – nearly 2.5x the figure reported by AFAM."

"This is circular reasoning: He is assuming that which he seeks to prove, namely that ultra-low rates actually help the economy."

"One KOL called it "the dumbest study design" and "greaseball," lamenting why Nevro doesn't "just come out with a normal study?""

"Vote the GOLD card FOR Elliott’s highly qualified board nominees and proposal calling for annual elections for all board seats."

"Vote the GOLD card FOR Elliott's highly qualified board nominees and proposal calling for annual elections for all board seats."

"We believe CLEAR trades at an unwarranted premium to other technology-centric and growth-oriented consumer subscription models."

"For these reasons, we believe specialized industry expertise is key to drive a fast return to profitable growth at the Company."

"As you can see, the hospital segment is forecast to grow from zero to more than 40% of athena’s revenues... How likely is that?"

"Accordingly, most doctors who are going to adopt EHRs have already done so, and the greenfield opportunity has been penetrated."

"In 2018, Bayer will add Damoctocog alfa to the hemophilia franchise, putting itself one more step ahead of generic competition."

"Despite years of claiming that mass production capabilities are imminent, Red Cat’s manufacturing capacity is likely undersized"

"Guaranteeing the monthly payment of interest and principal on a 30-year, fixed-rate, prepayable mortgage is a low-risk business"

"Most of Zillow's clients feel that Zillow will become less important to their lead generation efforts in the next 1 to 2 years."

"While the S&P 500 appreciated by 25% including dividend reinvestment in 2024, the average stock in the index was up just 13%(1)"

"the Company may be unable to offset all price increases or to secure adequate alternative sources of supply in a timely manner."

"Plan Represents Best Structure To Expand Flexibility And Funding Options For TransCanada And Its Shareholders For The Long-Term"

"by our estimate, almost every organ placed on the device violates one or more of these criteria and is therefore off-label use."

"Inspire's device is far too invasive and restrictive to ever gain traction in a market with numerous non-invasive alternatives."

"Lowe’s is a high-quality business with strong new leadership that is committed to narrowing the performance gap with Home Depot"

"Sony's acquisitions of stakes in Sony/ATV and EMI were well-timed to take advantage of future growth in music industry revenues"

"We believe Leidos’ Thailand distributor M.I.T Solutions is an unusual entity that sells both Security and Planetarium products."

"Any attempt by Soleno to sue a doctor or patient for infringement would be both legally baseless and reputationally disastrous."

"in general, the company did downplay the diabetes risk and also downplay some of the serious adverse events that were reported."

"Expects physicians to prescribe generic liquid diazoxide off-label, especially if a conversion chart is available on MDCalc.com"

"Most endocrinologist taking a “wait and see” attitude to Vykat; some “may give it a try” if “a family that's really advocating”"

"Nomad has called Iglo its “anchor investment”(2), and intends to use this asset as a base for future food industry acquisitions"

"Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal."

"We have converted our short position in Herbalife to in-the-money put options that represent ~2% of capital across the funds(1)"

"What we found in SAIC filings was devastating, Ganji seemed to have lost over 95% of its revenue since the acquisition by WUBA."

"Changing the way such an important number is measured makes it hard for investors to understand the real trend in the business."

"QTT's attempt at a rebuttal is an admission in itself: QTT's advertising platform is not nearly as sophisticated as they claim."

"We believe this qualifies as a “material legal development,” which QTT is required to disclose to investors on an SEC Form 6-K."

"Strong operational execution and new product launches coupled with deleveraging should drive equity returns from current levels"

"FNMA and FMCC share prices have increased 4% and 7%, respectively, from our average cost at announcement date to April 18, 2017"

"This is a text-book perfect example of rigging the political system for the benefit of insiders to the detriment of the public."

"We find it noteworthy that the company borrows relatively small amounts at times when it should be supposedly swimming in cash."

"The company has to keep growth excitement going, and announced has done several acquisitions that we don't have high hopes for."

"While management has embraced ZBB to address their high G&A, Mondelez’s version of ZBB is much less robust than the 3G approach"

"HelloFresh befindet sich in einem steilen Niedergang, der durch sich verändernde Metriken und quixotische Pivots verdeckt wird."

"We Believe Management Created a Sham Loan and Lied to Investors to Hide the Loss of a Top Tenant at Ashford Lane for ~18 months"

"We believe EH is using these sham contracts with Kunxiang as the basis fabricated sales that make up most of its total revenue."

"Regulators and investors with ratings-based mandates have been ill-served by the NRSROs before and throughout the credit crisis"