Callouts & quotes from 26,677+ activist slides

"Management fails to grasp the cost focus necessary to maximize value in resource plays"

"Extensive executive and director leadership in post-acute care services and operations"

"EAB literally advertises that as a client you get preferred access to student records."

"Despite its scale, Darden spends more than twice the % of sales as the industry median"

"Keys to casual dining success: LEADERSHIP – INNOVATION – VISION – EXECUTION (L.I.V.E.)"

"SE's Sum of the Parts (SOTP) Valuation Range is $41 to $48/share (+32% to +55% upside)"

"The sell side does not yet appreciate the consequences of emerging competitive threats"

"The sell side does not yet appreciate the consequences of emerging competitive threats"

"Fasteners on new airframes are more expensive. Gaining revenue in fasteners is a given"

"Despite claims of success, Phillips has not closed any of the profitability gap to VLO"

"Spruce Point warns investors about putting too much reliance on AMR's stated reserves."

"This highlights the Board’s inability to oversee Mr. Proud’s chaotic management style."

"The Authors stand to realize gains in the event that the price of the stock decreases."

"Elliott believes Southwest Airlines (NYSE: LUV) represents the most compelling airline"

"Revenue from period through June 3, 2022 but well off prior quarterly run rate results"

"Vivendi is incentivised to shift profits to the detriment of TIM minority shareholders"

"We note that the bio doesn't state what Televerde does or what these “operations” are."

"Rio operates some of the world's highest quality iron ore, copper and aluminium assets"

"Market share losses across the majority of P&G’s largest markets over the past 5 years"

"Despite ~$2bn in annual R&D, and $3-4bn in annual capex - far more than any competitor"

"I'm very confident in our sequential improvement in market share driven by innovation."

"Both Darden and Bloomin’s two largest concepts are in the Italian and steak categories"

"The NQ payment portal's lack of functionality is clear affirmation that NQ is a fraud."

"The Board has already committed to returning 75-100% of free cash flow to shareholders"

"We believe that a good time to buy a great business is when it is in temporary trouble"

"We believe Bristol-Myers can improve returns on R&D through more external partnerships"

"For example, the prevalence of cash buyers has reduced the impact of mortgage LTV caps"

"From Q4 FY24 through Q2 FY25, ELF Could Have Overstated Revenue by ~$138 mm to $188 mm"

"FND's average operating lease term is 12 years which makes it the highest among peers."

"Amdocs claiming a significant number of opaque one-off tax benefits on a yearly basis."

"Central Valley’s Saputo Cheese Agrees to $170,000 Penalty for Clean Air Act Violations"

"We believe GCP should better integrate marketing into the product development process."

"Not only did they miss the $1.2 billion cost-out target, but costs actually increased."

"Textile Effects has NEVER come close to achieving its long-term Adjusted EBITDA target"

"Publishing should target a long-term leverage ratio of 3.25x - 3.50x total debt/OIBDA."

"If AOL is the most complex division, shouldn't it be “liberated” as Mr. Case suggests?"

"DV should further disclose what percentage of revenue is at risk from client disputes."

"MLM Sponsors can be held responsible for misrepresentations by independent contractors"

"Purpose of an NC: 1. Promote two Supervisors per month 2. Duplicate the Nutrition Club"

"For a mere $10k, we were also able to plant 5,000 trees with the Arbor Day Foundation."

"Capitalizing more expenses has the obvious impact of enhancing current period margins."

"We Have Serious Concerns About Intuit’s AI Hype And Customer Data Privacy And Security"

"We adjust UEC's capital structure for stock issuance and asset retirement obligations."

"This potentially could have been the trigger for more aggressive financial strategies."

"同社のCEOとCFOのはぐらかしの話術はまれにみるものだ。四半期ごとの決算説明会ではアナリストの質問に対して、当たり障りのない、不明瞭な答えばかりでその場を切り抜けている。"

"『では、どのくらいのデータがありますか。と言うのも、あんたらがウシオ製は大丈夫だ、と言いましたよね。それなのに、依然として長期的な性能関連のデータを見せてもらっていません』"

"Urashima光源は「ウシオ製の光源と少なくとも同じほどのダウンタイムです」。「検査においては両方でぴったり同じ問題が起きる」。「同じ技術的な問題を抱えているでしょう」。"

"「レーザーテック製の装置については、問題を直してもらったり、工学的変更を加えてもらったりするために、間近の出荷予定を延期してもらっている顧客がある、と聞いたことがあります」"

"Natera also has a much lower cost structure for Prospera than CareDx has for AlloSure."

"GCP’s settlement proposal to Starboard has been greatly mischaracterized by the Board."

"The Red Lobster Separation may result in a permanent destruction of shareholder value."

"Tripadvisor owns and operates a collection of highly valuable online travel businesses"

"We believe Fluor has significantly less competition in the construction industry today"

"BR’s Timeline of Highly Concerning And Suspicious Activity Suggests Potential Problems"

"BR’s Timeline of Highly Concerning And Suspicious Activity Suggests Potential Problems"

"We believe Dow Jones is a high-quality business and should garner a premium valuation."

"BLI machine only works for about half the time for different experiments and workflows"

"Such transactions are for moving and storing large piles of cash with dubious origins."

"HMA returned <1% total shareholder value from 2003 to 2012 – making it a “Lost Decade”"

"Extensive executive and director leadership in post-acute care services and operations"