Callouts & quotes from 26,677+ activist slides

"At current prices investors are paying a peak multiple for earnings that are poised to disappoint."

"But if one wanted to run a fraud, manual, non-integrated accounting processes make it much easier."

"In your view, does the actions of BP, in this example, match the rhetoric of BP on sustainability?"

"Over any relevant time frame, BMC's stock has consistently underperformed the market and its peers"

"In fact, Elon Musk, the leading industry expert had this to say on Tesla’s latest conference call."

"Teck’s larger operation today is in Metallurgical Coal, sometimes also referred to as Coking Coal."

"Weis' Compensation Committee Must Live In The Twilight Zone Where Decade Low Performance = Success"

"Recent pro forma results illuminate that Viterra is an extremely low margin, low-quality business."

"Why are Treasury Inflation Protected Securities (“TIPS”) the Best Comparable Security to TIP REIT?"

"3. We believe that Ginkgo is concealing the true extent of its dependence on related-party revenue"

"We have conducted a deep review of pricing pressure for PBH products (Section: Pricing Challenges)"

"We have conducted a deep review of pricing pressure for PBH products (Section: Pricing Challenges)"

"The ratio of reported alfalfa production to herd size belies Huishan’s claims of self-sufficiency."

"Are investors comfortable that these added costs won't be material as management tries to suggest?"

"Verint reporting increasingly large negative revaluations of M&A-related contingent considerations"

"Limiting compensation to verifiable, “Profitable Retail Sales” is a problem for Herbalife because:"

"Investors appear to have given up on Southwest and believe today’s performance is the “new normal”"

"On current consensus EPS estimates for 2015, AerCap's stock trades at an attractive 8.5x earnings."

"Key executives trumpeted as those capable of “Refining the Path To Success” have quietly resigned."

"THIS REPORT REPRESENTS THE CURRENT OPINIONS OF SCORPION CAPITAL LLC CONCERNING NEVRO, INC. (NVRO)."

"the stimulation space is driven by rampant manipulation and exploitation of chronic pain patients."

"They can crush Nevro at a systems level if they want to. The big buys can crush them in hospitals."

"We believe that Nevro’s business model hinges on unsustainable kickbacks to high-volume implanters"

"We believe that Nevro’s business model hinges on unsustainable kickbacks to high-volume implanters"

"We believe that Nevro’s business model hinges on unsustainable kickbacks to high-volume implanters"

"We believe that Nevro’s business model hinges on unsustainable kickbacks to high-volume implanters"

"We believe that Nevro’s business model hinges on unsustainable kickbacks to high-volume implanters"

"花王のコンシューマープロダクツ事業の売上高は、まだコロナ前の水準に戻っていません。一方、同業他社は同じコロナ禍前後の期間において、消費財の売上を四半期ベースで着実に10%以上成長させ続けています。"

"We find it highly questionable that expenses that were previously operating are now non-operating."

"If former Chairman and CEO does not believe in this Board and management, why should shareholders?"

"We see a potential gain of 75% or more to Phillips 66's stock price from the “Streamline 66” plan."

"In some ways, the cash sitting unused year after year is analogous to having an inventory problem."

"Marcato Believes Board Change Would Drive Management Accountability and Maximize Shareholder Value"

"Three of CCME's Top Ten advertisers are represented by media buyers that have never heard of CCME."

"It’s going to be hard for Red-Cat-Teal to go up against a superior product that costs 50-75% less."

"We believe the market is significantly undervaluing News Corp’s valuable collection of businesses."

"WE SEE A POTENTIAL GAIN OF 75% OR MORE TO PHILLIPS 66'S STOCK PRICE FROM THE "STREAMLINE 66" PLAN:"

"Spruce Point Believes U.S. Concrete (Nasdaq: USCR) Is A "Strong Sell" With 60% - 90% Downside Risk"

"We observe that USCR has become less and less transparent about its leasing arrangements over time"

"「レーザーテック製の装置については、不良が多発しており、製品として『用途を満たす』とすら言えなくなっているために、『直近の出荷予定を延期した顧客がある』とグローバルファウンドリーズの元幹部はいう。"

"The valuation discount is significant when compared to soft synergies of joint research and sales."

"The valuation discount is significant when compared to soft synergies of joint research and sales."

"We See Near-Term Downside of 45% - 60%, And Up To 100% Downside Potential In A Worst Case Scenario"

"Every major transplant center we interviewed conveyed what appear to be racketeering-type tactics."

"We believe new leadership and an improved strategy are necessary to move Norfolk Southern forward."

"PSR implementation will dramatically improve Norfolk Southern’s efficiency, just as it did at CSX."

"Norfolk Southern and its peers have the same mission, but Norfolk Southern’s strategy must change."

"QSR’s share price including dividends decreased 12% in 2018 and increased 23% year-to-date in 2019"

"Cell phone bot network equipment, install all types of framework software like Xp and TaiChi, etc."

"According to Cox, the average auto loan rate for a used vehicle in May stood at a whopping 13.55%."

"The one drawback of growth in CMOS is that it is very CAPEX heavy growth and has a bearing on FCF."

"Early indicators of sales and earnings revisions can be identified with a careful forensic review."

"We believe there are multiple signs that Leidos is mitigating Operating Cash Flow (OCF) pressures."

"Will put very few PWS patients on it; diabetes risk "is quite an issue" and further limits the TAM"

"Why are Treasury Inflation Protected Securities (“TIPS”) the Best Comparable Security to TIP REIT?"

"If PepsiCo does not pursue a Mondelez transaction, we believe it must separate snacks / beverages."

"the risk of high blood concentration and potential complications “are downplayed across the board”"

"We are extremely motivated for reputational and economic reasons to create value for our investors"

"This issue creates risk that Amazon replaces Kornit in favor of a better quality printing partner."

"We are highly incredulous that Nidec could or should have written off JPY 23 billion in inventory."