Callouts & quotes from 26,677+ activist slides

"Our belief is that Samsara insiders are working to maximize their compensation at the expense of shareholders."

"None of HIMS’ affiliated pharmacies or pharmacy partners are FDA-registered outsourcing facilities (List Here)"

"We believe Elliott's strength is in catalyzing change – not just the identification, but the creation of value"

"Has Amdocs reached a level of financial aggressiveness that no other US-listed company is willing to approach?"

"Insider ownership now stands at a paltry 1.5%, meaning that insiders have little at risk if the Company fails."

"Management's $64M implied annual sales contribution spread over five quarters, adjusted for acquisition timing"

"GCP has spent $78 million, or ~$1.00 per share, on advisory fees and restructurings over the past three years."

"Marathon merchandise margins significantly lag Casey's and Couche-Tard, its closest peers for in-store retail."

"Cost of revenues and SG&A (and related taxes) were subsequently increased after the initial 4Q16 press release"

"A total of 5 acquisitions were made in 2016 and 2017 which were attributable for at least 13.3% of the growth."

"M&A represented at least 47% of its total growth in 2017. More alarming is that organic growth is decelerating"

"Need for Riverbed to provide basic customary due diligence to Elliott so it can potentially increase its offer"

"Disney's recently-announced strategic initiatives are lacking in detail to sufficiently evaluate their merits."

"We believe Elliott's strength is in catalyzing change – not just the identification, but the creation of value"

"The vast majority of Phillips 66 Midstream EBITDA could be fully sold or separated as part of a tax-free spin."

"Based on recent shareholder-unfriendly actions, this Board seems highly unlikely to stand up for shareholders."

"We believe the Board’s compensation practices must be significantly improved in order to drive accountability."

"We are not accepting the terms you have offered and will let your proposal go to a vote at our annual meeting."

"GGP’s share price was flat, including dividends, from the beginning of 2014 to the date we exited the position"

"EPS has grown at a significantly lower rate than the consumer staples index and key competitors like Coca-Cola"

"The discount evaporates not gradually but in the snap of an analyst upgrade cycle that is only just beginning."

"We believe Elliott's strength is in catalyzing change – not just the identification, but the creation of value"

"The vast majority of Phillips 66 Midstream EBITDA could be fully sold or separated as part of a tax-free spin."

"Fidelity and T.Rowe Price were formerly >5% owners but have repeatedly reduced their ownership in the Company."

"Our ability to access low-cost, investment grade, long-term debt is an important competitive advantage for PSH"

"In May 2016, AKG presented an alternative version of events that directly contradicts the earlier information."

"Coming in under capex guidance allows Hill-Rom to hit (implied) FY17 FCF guidance despite significant OCF miss"

"Whether judging by customer or market demographics, Olive Garden and Red Lobster are clearly the most similar."

"Fluor has nearly doubled its exposure to Urban Solutions, which we believe is poised to see substantial growth"

"....my understanding is that Alcira has been operating outside the law since these areas were revoked in 2015."

"GGP’s share price was flat, including dividends, from the beginning of 2014 to the date we exited the position"

"It is time for investors to rotate out of NIO, enjoy your profits and look for the next disruptive technology."

"The majority of sell-side analysts are bullish on Stryker, and the consensus view calls for another 5% upside."

"DLH had impaired tt Timber by S$27 million (DKK117 million), which was reversed in 2010 upon the sale to Olam."

"Fairfax's 6.1% gain is out of line with those of a comp group of other P&C insurers that have adopted IFRS 17."

"Even at Considerably Smaller Revenue Scale, BMC's Growth is Extremely Unimpressive Relative to its Competitors"

"Dividend coverage is minimal. Small declines in NOI will stress the company’s ability to maintain its dividend"

"The logical action for a guilty company to take would be to avoid providing an explanation that can be tested."

"L&B TO VOTE “AGAINST” HILTON GRAND VACATIONS’ (“HGV”) ACQUISITION OF DIAMOND RESORTS INTERNATIONAL (“DIAMOND”)"

"Inogen's distribution channel has become a collection of rogue operators whose business is based on deception."

"The first slide of Bunge's presentation to announce its acquisition of Viterra reads incredibly bearish to us."

"Bodies are probably still being uncovered from the closet of certain systems or aspects that need to be fixed."

"Our ability to access low-cost, investment grade, long-term debt is an important competitive advantage for PSH"

"The absence of a fairness opinion is telling because fairness opinions are notoriously favorable to acquirers."

"1H total revenue growth of 180%, Foundry revenue +41% - no mention of related party contribution or cash flows"

"DSO have grown significantly faster than peers and is 1 of 2 companies with 4 years in a row of increasing DSO"

"It is very likely that Pernod shifted production away from MGPI's Lawrenceburg, Indiana distillery to Arkansas"

"In total, we believe that at least 11.4% of Adj. EBITDA are attributable to unusual and unjustified add-backs."

"Allowing management to receive vested stock faster, is a strong signal that insider want to unload stock fast."

"Mobis, HMC and Kia share prices fell 8.4%, 5.3%, and 6.1%, respectively in the two days after the announcement"

"Yes, it went from 100 to 2, which is down 98%, but then it went from 2 to 4, which is up 100%—so you're ahead."

"We believe German entity revenues declined approximately 23% in 2020 based on disclosure in Heska's 2020 10-K."

"Darden’s Board Recommends Darden Shareholders Vote the BLUE Proxy Card “FOR ALL” of Darden’s Director Nominees"

"The lack of impairment supports our contention that the company is misleading investors about its performance."

"Shareholders cannot trust Deckers' Board and management to deliver on short-term and long-term financial goals"

"A stock with a low P/E that raises its dividend often remains a low P/E stock with a more attractive dividend."

"Disney's recently-announced strategic initiatives are lacking in detail to sufficiently evaluate their merits."

"Mr. Rasulo’s experience as CFO and running the Parks & Resorts business has never been more relevant to Disney"

"Laurel Krzeminski and Michael McNally are not the only Limbach directors with connections to accounting fraud."

"In total, we estimate that your non-core acquisition spree cost shareholders more than $12 per share in value."