Callouts & quotes from 26,677+ activist slides

"I saw a lot of stuff, but I have a limited view. I believe that this was being done far more widely."

"Principal Office listed as Ginkgo’s corporate headquarters: 27 DRYDOCK AVE, 8TH FLR BOSTON, MA 02210"

"Despite changing its peer group, PBH did not disclose change in performance as it did in prior years"

"If scheduled promptly, the Special Meeting could realistically take place before the end of October."

"We see approximately 60% - 70% downside risk in MGPI's share price to a range of $16 - $21 per share"

"Free cash flow is much higher than net income due to a mismatch between D&A and capital expenditures"

"We view Heska primarily as a distributor, despite management's attempts to position itself otherwise"

"The amount of mercury disposed was caused by the large quantity of product returned from a customer."

"Transaction costs and dis-synergies could result in potential value destruction of over $500 million"

"CFO Appears To Have Misrepresented His Qualifications, While A Weak Board Instills Little Confidence"

"Dr. Martin appears to have shifted acquisition costs to Eurofins to subsidize his real estate costs."

"ブラジルは世界第4位の化粧品市場ですが、その人口構成に起因して、世界中の国と比べても肌や髪の種類が多様性に富んでいます。そのため大衆向けサンケア市場としては、非常に興味深い市場となる可能性があります。"

"消費者の変容する需要に対応しながらその膨大な成長機会を十分に活かし、花王がFMCG業界のリーダーとなるべく変革を先導していくことができるよう、花王の経営陣ならびに取締役会の構成を改善することを求めます"

"Dell's Go-Private transaction exposes the disingenuous nature of the cash hoarding rationalizations."

"What iPref holders should expect is to receive $0.50 a quarter in dividends, every quarter, forever."

"We think that’s the opportunity. We can buy the stock knowing that there will be a party either way."

"Disney added this new "skill" to their matrix for the first time, ahead of this year's proxy contest"

"The Company lost nearly $900 million over the course of 2020 and 2021 while operating Zillow Offers."

"I do feel that Zillow will always play favorite to the Flex deals because they want to get that 35%."

"Despite similar long-term profit growth, QSR trades at more than a 30% discount to YUM, MCD, and DPZ"

"Failing to allocate a portion of the purchase price to these cases results in higher ROICs and IRRs."

"USCR's vehicle property account has increased at nearly 5x the rate of its underlying vehicle count."

"March 2017: Audit fees spiking before USCR dismisses Grant Thornton as auditor in 2017. Appoints E&Y"

"OrganOx was about $30,000, so it's about half the price. That's why we elected to stay with OrganOx."

"The transformed Norfolk Southern is projected to operate with dramatically improved cash efficiency."

"We believe the Sandell Plan will deliver value of 156p to 191p per share for FirstGroup shareholders"

"The value of the interest savings is large, which we believe would more than offset the upfront cost"

"However, DCCR’s half-life is so long that an XR formulation is unnecessary and is simply an IP ploy."

"Miller allegedly “really pushing hard” to get patients on Vykat; “invested in a way I’ve never seen”"

"Do the External Directors believe Kao should develop medical treatments and enzyme-driven batteries?"

"we believe the emphasis placed on building out NutritionCo was a distraction from the core portfolio"

"FDA quotes the EMA's criticism of HARMONY 1-bis post-hoc analysis as unplanned, but gave a free pass"

"Spruce Point is also alarmed by a mysterious negative employee benefit cost that emerged in Q4 2023."

"Paying close attention to management’s statements, we find noticeable inconsistencies and omissions."

"Nomad shares have increased by ~80% in just over a year, driven by the Iglo acquisition announcement"

"Si tú engañas gente y los metes adentro, entonces serás un éxito porque eso es lo que hay que hacer."

"Based on the above analysis, we arrive at a weighted-average price target of $28 for shares of ATOM."

"The one property PharmaCann sold to IIPR seems to us very problematic from a regulatory perspective."

"In total, 80% of the Accor Hotels that engaged with us accommodated our highly problematic requests."

"Epstein was not just happy. He said the Rixos training for his masseuse changed his life and theirs."

"At the price of $200 per reagent kit, Pheno is substantially adding to the reagent cost, not saving!"

"Opportunity on Social Media Chatgroup Operation by Jiazhang Jia (aka Beijing Youlian) on kanzhun.com"

"In some quarters in 2022 and 2023, inventory hit 120-135% of revenue, compared to a baseline of 30%."

"Kalshi Appear To Have Better Odds Than DKNG In 12 of 16 Games, Both Pregame And In-Play (NFL Week 4)"

"Revenue has declined dramatically despite expense ratios that are way out of line with peer averages"

"Unfortunately, the Company has been reluctant to include these directors in major Board discussions."

"To generate a 19.3% gross margin at a price of $264 / ton, HBOP would have to produce at $213 / ton."

"ONP claims to turn over its inventory over 10 times more rapidly than do any of the companies below."

"Same quote and same name, but notice the rating increased from 4.5 stars to 5 and the style changed"

"A 90% FRANCHISE MODEL COMBINED WITH SHARE REPURCHASES DRIVES EPS ~100% HIGHER THAN THE CURRENT PLAN"

"QSR’s intrinsic value continued to meaningfully increase in 2016, with organic EBITDA growth of 16%"

"The magnitude of the Range and Standard Deviation are practically identical between Brixmor and HTA"

"Now buried in the fine print, WTRG has included a warning risk factor about impairment of goodwill."

"Since FY2013, revenue has increased by 37% while operating income has declined dramatically by 37%."

"The self-tender was a self-serving attempt to improve Box’s chances of winning a contested election"

"Despite claiming confidence in a return to historical gross margins, Box quickly lowered its target"

"At The Current Burn Rate of $1.1m/Day, Carvana Had Just 70 Days of Operating Cash On Hand At Yr End"

"These gains are non-operational and can be used to mask underlying weakness in XPO’s core business."

"Riot’s balance sheet is purely a function of looting retail shareholders through non-stop dilution."

"Either way, we firmly believe the status quo is inferior to both options and therefore unacceptable"