Callouts & quotes from 26,677+ activist slides

"Lasertec causes a lot of headaches for their end user and that each machine requires a lot of work in order to keep it running."

"Around 80% supported a monetization or partial monetization of the OLC stake to release capital that can be utilized by Keisei."

"Sunrun's response strengthened our conviction that its Subscriber metric is significantly inflated and is, at best, arbitrary."

"BRK's share price increased 10% from our average cost at inception to December 31, 2019, and decreased 1% year-to-date in 2020"

"Why Did Nuvei Acquire Vantage Payments And Base Commerce With Executives Both Under Scrutiny For Involvement In Ponzi Schemes?"

"We believe that the upside in APD remains significant as it continues its transformation under a great CEO and management team"

"We believe CP remains an attractive investment led by a superlative management team with further potential in the coming years"

"Investors should be under no illusion that this statement is anything other than a long, fat middle finger extended their way."

"We believe Commvault has the ability to achieve its long-standing mid-20s operating margin target within the next three years."

"American Tower operates in countries that are prone to episodic inflationary spikes, currency volatility, and social upheaval."

"Spruce Point does not believe management is well-suited to run a large, capital-intensive public company in the auto industry."

"We believe CP remains an attractive investment led by a superlative management team with further potential in the coming years"

"For once, tell us some specific numbers! You must certainly have some hard numbers in your audited annual financial statement."

"Why didn't Ströer report the results of the digital business in Turkey in light of the instances of fraud already established?"

"ADP’s business units and corporate offices are spread across the country largely due to historical locations for each business"

"Only an idiot could believe that Chairman Ding and his cohorts intended anything other than theft of assets from shareholders."

"Much of the G&A savings could be realized within the first 100 days, with ongoing benefits realized over the next 12-18 months"

"increase cash to be returned to shareholders relative to the existing 2023-2030 plan by a cumulative ~$ 16 bn (~$ 2.0 bn p.a.)"

"We are writing to urge you to immediately terminate negotiations with Atos over the purchase of a minority stake in ‘Evidian’."

"For the avoidance of doubt, the IonQ roadmap is not incorporated into, and does not form part of, this registration statement."

"The pattern is consistent with ex-employee allegations of customers being paid to do deals with IonQ and other quid pro quo’s."

"We note the fortuitous timing of the 300% increase – a mere 3 weeks before the SPAC transaction closed and IonQ began trading."

"Durable healthcare products are more comparable to high-margin consumer products than to traditional, patented pharma products"

"With Pershing Square out of the market, Allergan settled to its unaffected price of $116.63 on the close of trading April 10th"

"Planning Condition 4, correctly interpreted, is not requiring rigid adherence with Approved Plans such as PDL-08 and PNL-6839."

"We believe Tempus is overvalued relative to both hype and momentum-oriented AI companies, along with medical diagnostic peers."

"Much of the G&A savings could be realized within the first 100 days, with ongoing benefits realized over the next 12-18 months"

"If they can sell the energy for more than they spend on the land and getting it out of the ground, they make a healthy living."

"Exploration failures, high hedging costs, and opacity around capital intensity has resulted in severe undervaluation of assets"

"More generally, Avantor has meaningfully trailed competitors' organic growth figures this year, as the table below highlights."

"Dr. Kleinfeld’s broken culture, incoherent strategy and low asset utilization results in profoundly poor operating performance"

"If Valeant has additional debt capacity (up to 4x) after acquisitions, cash is used to buy back stock at 18x trailing earnings"

"The ABX AAA 06-2 Index, which tracks pricing on a basket of 2006 vintage subprime loans, has marched upward over the past year"

"The resulting pristine safety profile of PFA essentially completely solves the major safety problems associated with ablation."

"In FY 2018, interest expense grew precipitously, and these costs formed the most significant component of NMC's earnings miss."

"If a distributor were truly arms-length, it would seem unusual to enter a supplier’s contact information in lieu of one’s own."

"Analysts are holding out aspirational upside price targets, that have failed to be met, and still have not reset expectations."

"We believe RSK's ambitions to recruit and acquire environmental engineering and consultancies will come at the expense of WSP."

"The footnote reveals that 2022 acquisitions added $58.2 million of Adj. EBITDA (implying 11.2% margin) vs. 17.1% consolidated."

"However, Zebra is a client of VDC Research, which raises issues about the objectivity and independence of the research claims."

"Recent interviews of former Zebra executives highlight a few trends and issues that we believe will hold back sales potential."

"In the gaming industry, Skillz does not have good brand recognition. Most of the players in the industry consider them a joke."

"WE NEED YOUR HELP TO ELECT OUR INDEPENDENT AND HIGHLY EXPERIENCED NOMINEES WHO ARE COMMITTED TO HOLDING MANAGEMENT ACCOUNTABLE"

"If P&G can grow its top-line annually by 5% and achieve a 24% EBIT margin by FY 2016, it can generate $6 of earnings per share"

"You are reading a short-biased opinion piece. Obviously, we will make money if the price of the covered issuer stock declines."

"We believe that the upside in APD remains significant as it continues its transformation under a great CEO and management team"

"豊田自動織機の取締役会と特別委員会は最終的に、本改定後TOB価格である1株あたり18,800円を推奨した。これは、ほんの数日前に彼らが完全に不十分と考え、「想定する価格水準から乖離」していると述べていた価格に対して、わずか200円（1%）高いだけである"

"The fact of the matter is that WD-40 is an expensive product in some countries where the locals may seek cheaper alternatives."

"We believe that a standalone Bristol-Myers will be better positioned and less risky than a combined Bristol-Myers and Celgene."

"Rather than $75 billion, we believe Celgene's marketed products and associated cost synergies should be valued at $62 billion."

"On average, every product commercialized from Celgene's non-near-term launch pipeline products would need to be a blockbuster!"

"On average, every product commercialized from Celgene’s non-near-term launch pipeline products would need to be a blockbuster!"

"An operationally efficient CP would be better for all stakeholders, including employees, shippers, consumers, and shareholders"

"Traditional sources of private sector capital are unlikely to provide new startups with sufficient funding to replace the GSEs"

"Banks are unlikely to significantly increase the amount of long-term, fixed-rate mortgages they retain on their balance sheets"

"We remain open-minded about reaching a mutually agreeable solution with Box and will continue our engagement with the Company."

"We believe HIMS glosses over regulatory restrictions related to compounding and wrongly implies its products are FDA-approved."

"Given the lack of controls exhibited by these charges, it is not surprising that Investment Management has had sub-30% margins"

"Shareholder feedback from Elliott-commissioned, third-party survey covering 60% of Phillips 66's institutionally owned shares."

"TWC, with high-speed data reaching approximately 44% of basic subscribers, has recently experienced slowing subscriber growth."