Callouts & quotes from 26,677+ activist slides

"New Pacific paid ~85x more for Alcira than its prior owners, China-based Ningde Jungie, which paid $530,000."

"Recall that Nidec has a long and rich history of missing its own projections – often by substantial amounts."

"It’s nonsense to think Yahoo can’t be turned around in public just because they haven’t for the past 4 years"

"Stryker's CEO had claimed that tuck-in acquisitions are "easy" and that it has a "pretty good" track record."

"Spruce Point believes it is a classic red flag when a Company manipulates its tax rates to achieve earnings."

"Shunshun seems a poor choice of a vessel in which to expand an existing, only tangentially related business."

"When analysts can't even copy Management's CapEx guidance, should investors rely on their other assumptions?"

"Olam uses potential future income from biological assets as a significant portion of its present net income."

"This is the first time we have seen an admission of possible accounting shenanigans in a company's accounts."

"ROAD's rising DSOs, which are 8 days above the peer industry average, should put investors on extreme alert."

"The problem is that in different filings, DLO has reported radically different numbers for the same cohorts."

"Assuming we are correct, it seems that DLO is gaming the system in terms of its physical presence in the UK."

"APP's primarily innovation appears to have been adapting these tools to avoid detection by the 3P platforms."

"We believe more capacity in oilseed crushing and refining has a negative side-effect on animal feed margins."

"Pershing concluded that the above alternatives were not optimal, given the Company’s strategy and objectives"

"Pro forma for the Transaction, Target Corp’s long-term EPS growth rate would be at the top of its peer group"

"Pro forma for the Transaction, Target Corp’s long-term EPS growth rate would be at the top of its peer group"

"QSR is a high-quality business with significant long-term growth potential trading at a discounted valuation"

"After raising its original 55-65% target to 64-68% - but achieving 55% - Autodesk set its new target of 45%+"

"Autodesk began transitioning large enterprise customers from multi-year, upfront billings to annual billings"

"PBH removed the table disclosing its principal customers from its 2020 annual report (Disclosures Weakening)"

"In our opinion, Huishan is hiding an approximately RMB 1.5 billion fair value loss on its biological assets."

"Elliott intends to pursue all available pathways to deliver the leadership changes that the Company requires"

"We called athena a bubble stock because its shares had gone parabolic even as its fundamentals deteriorated."

"We are excited to own the business at current valuation multiples as we believe there is substantial upside."

"2025 marked a pivotal year for HHH as it began its transformation into a leading diversified holding company"

"Aerojet's previous acquisition of Coleman reeks of asset shuffling and a progressively degenerative company."

"On Facebook groups, patients report spending close to an hour or more daily to re-charge Nevro’s stimulators"

"We find little difference in the receivables, but variations in payables with a notably large swing in 2024."

"War chest? More like a war vault. Apple has by far the largest cash pile – $137 billion and growing rapidly."

"Management's woeful capital allocation has contributed to Capricorn's significant underperformance over time"

"How can investors trust the findings of a study conducted by a party being financially supported by Danimer?"

"Chipotle’s industry-leading value proposition continues to resonate with customers and drive outsized growth"

"Precedent examples of companies inflating vehicle asset values and mis-capitalizing fleet operating expenses"

"The conduct the surgeon described strikes us as nefarious and the type that risks FBI raids and indictments."

"NOP surgeon incompetence leads to unusable organs, that TransMedics keeps trying to pawn to one center after"

"In Collaboration With Other Board Members, Trian’s Nominees Will Seek To Focus On The Following Initiatives:"

"Above: Savills January 2022 Valuation - Crowne Plaza London Heathrow Valuation £62.6 million (€72.7 million)"

"Above: CBRE's 3Q 2022 Investor Report - Crowne Plaza London Heathrow Valuation £62.6 million (€72.9 million)"

"Tech cannot do everything, but the right tech paired with the right expertise can have a system-wide impact."

"Enhanced wallet share and new customers lead to accelerating volume and yield growth: $500+ NSC share price."

"2020 was an outstanding year for PSH with NAV appreciation of 70.2% and a total shareholder return of 84.8%1"

"We believe the Company should take advantage of the current market conditions to replace its high cost bonds"

"SBUX is already nearing a full sales recovery and should be a major beneficiary of a reopened global economy"

"QSR is a high-quality business with significant long-term growth potential trading at a discounted valuation"

"Opportunity remains for the global streaming market to grow ~3x from its current scale over the next 5 years"

"This provides strong evidence that LSPD accelerated revenue recognition, perhaps faster than it should have."

"Variability is a key flaw in addition to lack of bioavailability; led to "some patients who see a good peak""

"Media Ventures has an agreement that enables them to buy advertisements from Ströer at a reduced price, etc."

"The result of these issues is an abysmal customer retention rate that renders the business model infeasible."

"Our assessment is that Badcock’s receivables are extremely low quality, especially with a looming recession."

"Assuming renovation went into the property after BDPD LLC’s purchase, the property is still overpaid by 16%."

"We belive the previous purchase price of $297,712 reflect a more accurate price at the time of the purchase."

"Elliott intends to pursue all available pathways to deliver the leadership changes that the Company requires"

"As of January 20, 2017, HHC’s share price increased 190% (2.90x) since the spinoff from GGP in November 2010"

"Adding in mining, capex, and G&A cost, we estimate METC would lose ~$88 billion bringing the REEs to market."

"Despite Aggressive Monetization And Continuous Acquisitions, PLTK Is Unable To Effectively Grow Its Top Line"

"We think the Pentagon's stance on PQC means that IDQ's market opportunity is being strangled in its infancy."

"We see Penguin as a mouse in the land of giants, an observation which chimes with its financial performance."

"An apparent low-margin business, Inforce generated annual net income of only 5.1 million Rupees, or $71,000."