Callouts & quotes from 26,677+ activist slides

"APD’s share price increased by 57% including dividends since inception of our initial investment"

"The brand cache of Tesla and its pricing has become a big problem for NIO’s ES6 hatchback model."

"Spruce Point believes that Stryker could be dangerously levered around 4.9x Debt to '22E EBITDA."

"Name change to Magnite suggests desire to move past failures of Rubicon and Tremor Video/Telaria"

"HMA demonstrated 86% EBITDA growth in the 10 years ending 2012, but <1% total shareholder return"

"The Rollins Family Is Selling While ROL’s Valuation Is Excessive: We See 30% – 40% Downside Risk"

"We believe this explains the significant difference in EBITDA margin between FTAI and its peers."

"FTAI Used UMB Bank as its Trustee, Suggesting It Could Have Conveyed Title to Setna in June 2024"

"What Core really needs is more deepwater drilling to generate more high-margin rocks to analyze."

"Its financials show a much smaller revenue contribution from FX than DLO's entity financials do."

"We are concerned that PwC Argentina lacks the resources to audit such a complex, global company."

"Elliott has put forth illegal corporate governance demands, masked by misleading communications."

"CMG’s share price has increased 16% from our average cost at announcement date to April 18, 2017"

"Share price reflects ongoing concerns about the impact of low oil prices on HHC’s Houston assets"

"Thank you for having me at this year’s Sohn Conference. Next year, I expect we can do it live..."

"We compare REZI with a group of distribution and home technology product and services companies."

"An ex-employee characterized it as a “slush fund,” a sentiment we heard across other interviews."

"Ginkgo “crafted or architected” subsequent related-parties to prevent that from happening again."

"Ginkgo was not forthcoming with pricing and invoices for the amounts that Joyn was being charged"

"The prospectus seems to give Huishan the wiggle room to spend substantially more on dairy farms."

"This indicates Fuyu is still under Chairman Yang’s control, despite Huishan having no ownership."

"The downgrade reflects slower-than-expected deleveraging following Amcor's acquisition of Bemis."

"The downgrade reflects slower-than-expected deleveraging following Amcor's acquisition of Bemis."

"Absent a viable retail-based business opportunity distributors focus their efforts on recruiting"

"We believe that SOFI needs to restate the Q3 2024 $312 million Secured Loan sale as a borrowing."

"Southwest has substantially underperformed peers and the S&P 500 over all relevant time periods."

"We view this as a reflection of management’s deteriorating confidence in the base MPLN business."

"We hope Apple agrees with us when we say that iPrefs are an innovative idea whose time has come."

"EBIT Margins remain depressed as the segment is significantly leveraged to new home construction"

"News Corp owns 61% of REA Group, a market leading business with an attractive financial profile."

"We believe separating the Digital Real Estate Assets will unlock substantial value at News Corp."

"TRP (with TCP de-consolidated) currently trades at a discount to the Canadian and US comparables"

"Management’s assertions that the company trades at a premium are based on misleading information"

"TransMedics, as we shall get to, is a cesspool of nepotism, an infrequent but reliable red flag."

"Three-Year Outlook from January 2024 Explicitly Indicated the Margin Gap to Peers Will Not Close"

"PSR cannot be run side-by-side with traditional railroading; it cannot be partially implemented."

"QSR’s share price including dividends decreased 1% in 2020 and decreased 3% year-to-date in 2021"

"From 2010 to 2011, AOL spent approximately $2.59 for every $1.00 of incremental Display revenue."

"There are other indirect signs that IRBT lacks influential and highly prized IP in its portfolio"

"News Corp owns 61% of REA Group, a market leading business with an attractive financial profile."

"We believe separating the Digital Real Estate Assets will unlock substantial value at News Corp."

"Given that diazoxide suppresses insulin by >50%, DKA is a mechanistically-inherent extreme risk."

"Thereafter, LSPD stopped disclosing net new merchant adds and it began a string of acquisitions."

">How did a random French lab’s molecule “work” where over a dozen major pharma companies failed?"

"It seemed like they were getting even more aggressive than they did before. And he's a good rep."

"The traditional pharmaceutical company’s products are not durable, and growth is not predictable"

"Absent a viable retail-based business opportunity distributors focus their efforts on recruiting"

"Southwest has substantially underperformed peers and the S&P 500 over all relevant time periods."

"This is an issue because Globe Teleservices Limited should be considered a related party to INS."

"IIPR has a number of tenants who are effectively insolvent or are in a dire financial situation."

"COVID-19 could be the final blow to many of IIPR’s tenants and expedite the inevitable scenario."

"CMG's share price has increased 16% from our average cost at announcement date to April 18, 2017"

"Share price reflects ongoing concerns about the impact of low oil prices on HHC's Houston assets"

"What has ADOMANI sold so far in 2017 from this impressive pipeline? Absolutely nothing. A donut."

"The current trading volume of the stock has no chance of being able to absorb the coming supply."

"CTO’s dividend coverage ratio in FY 2024 was just 0.74x, unlike a peer average of 1.47x in 2024."

"Lasertec margins over time 2010-present – suspiciously high with a suspiciously consistent trend"

"Free cash flow is so microscopic it is not even visible if graphed next to market capitalization"

"EUV mask inspection, specifically final one at mask shop, must find defects but not contaminate!"

"customers needed to buy more equipment than they originally planned to cover their requirements."