Callouts & quotes from 26,677+ activist slides

"Ceasing stock repurchase to offset employee stock dilution is a sign of financial stress"

"After FTAI Stopped Disclosing Module Sales, Management Still Pushes the Module Narrative"

"Core is a company whose prime customers are big companies in big fields outside the U.S."

"Fairfax's gimmick was to de-consolidate Quess, using a rationale that strains credulity."

"So, June 2022 brought different blue areas; and a reduced blue area nearest the village."

"Tax-free spin-off of an active business that ground leases the land back to the Retailer"

"TIP REIT’s land development opportunity can be valued based on its growth platform value"

"Announcing a 66% jump in payload capacity is not a trivial matter in rocket development."

"They said thirty, so maybe they only grew 25%, which would be about 9,200 new providers."

"The Company needs to achieve higher revenue growth based on its R&D and M&A investments."

"Many commentators think that these high rates of return suggest the market is overvalued"

"We believe Lacuna Diagnostics is an insignificant player in the digital cytology market."

"This invariably suggests that RS-25 revenues are set to decline from 2019 going forward."

"Competitor color on Omnia’s lack of traction was consistent around the country: “a dud.”"

"ONP was not forthright with investors for over 16 months about not actually owning HBOP."

"Spruce Point Believes Limbach Has Too Many Financial And Operational Red Flags To Ignore"

"This ongoing pattern raises questions: what exactly is being restructured at this point?"

"There are four patterns of user joining that we believe show the user is actually a bot."

"Based on the above, the Company’s Restaurants business is being ascribed negative value."

"Our nominees' plan is designed to achieve an OR below 60% twice as fast as management's."

"A shift to shorter useful lives would eviscerate CoreWeave's unit economics and margins."

"Despite significant investment, we believe Patch has minimal revenue and massive losses."

"Does any of the foregoing sound like a truly penetrable market for space-based roaming??"

"ADP’s share price including dividends increased 14% in 2018 and 14% year-to-date in 2019"

"Thus, it appears the forecasts produced in the 2011 report have proven overly optimistic"

"Upserve was a net loser with GTV falling to just $6bn by the time of LSPD's acquisition."

"TIP REIT’s land development opportunity can be valued based on its growth platform value"

"Distributors are incentivized to recruit new participants rather than make retail sales:"

"Only uses it because “it’s better than nothing” and is “absolutely not” a “wonder drug.”"

">Off-label marketing prescribing allegedly drives 40% or more of Harmony’s prescriptions"

"However, this analysis ignores one of Valeant’s most valuable assets, its Platform Value"

"Sizable investments in high-quality businesses with catalysts for further value creation"

"Note the last line which makes clear that "CoreCard Software is a client of UTS-Global"."

"In short, we believe NBEV got duped by buying a dying business with inflated financials."

"And then here he is, sitting as the director of Innovation Era, according to BVI filings"

"Obviously, there were multiple strong conflicts of interest that were blatantly ignored."

"In short, we believe NBEV got duped by buying a dying business with inflated financials."

"NBEV's CBD related licensing deal with the Marley brand has terribly economics for NBEV."

"Looking to the right of the chairs are school buses. Notice there’s no machinery at all."

"PIONEERING THE ART OF RESPONSIBLE HOSPITALITY, CONNECTING CULTURES, WITH HEARTFELT CARE."

"VRX stock has decreased 83% from our average cost at announcement date to April 21, 2016"

"CTO’s refusal to factor in recurring capex is highly unusual for a shopping center REIT."

"Despite all of these grand claims, as of February 2021, the Hezhou E-Port doesn’t exist."

"We discovered that GSX had significantly lower number of visits per year per enrollment."

"KLA is developing a competing tool that will launch in 2025 – "of course it's happening""

"You seem repeatedly surprised by adverse events, and are exhibiting knee jerk reactions."

"EACH DIVISION SHOULD HAVE ITS OWN CEO, REGIONAL STRUCTURE, AND CATEGORY MARKETING HEADS"

"Since the IPO on the London Stock Exchange in May 2013, Platform stock has increased 1%"

"With the election of our two highly qualified directors, I believe we can do just that."

"An agreement hadn't been reached, yet Smart2Pay was marketing itself as a Nuvei Company"

"We believe Pfizer is a great American business that plays an important role in society."

"The Company spent nearly $70 billion on M&A at an implied ~3.3x “peak” revenue multiple"

"This report shows Hsieh’s statements are patently false – EDU has numerous franchisees."

"Independent Slate sees ample opportunities to stabilize sales and drive earnings growth"

"We Believe FIGS’ Business Momentum Is Deteriorating: A Curse For Retail “Growth” Stocks"

"Restaurant Brands International’s share price increased 72% including dividends in 2014"

"We believe this indicates that organic rate base growth is falling behind expectations."

"Spruce Point calls on Generac to provide more details of its investment in TEP V-A LLC."

"Why did the Board issue a $500 million security if KKR only wanted to own $150 million?"

"This is one more reason why the perception that AMT's cash flow is stable is incorrect."