Callouts & quotes from 26,677+ activist slides

"Unfortunately, shareholders must hold Dr. Kleinfeld accountable if the Board does not"

"We believe DND’s culture is deeply broken and requires a reconstitution of the Board."

"Li Yuxiong leads us to other distributors that we assume are also controlled by ANTA."

"BlackRock's governance is worse than what is increasingly considered 'Worst Practice'"

"A non-independent board member chairing the Risk Committee is far from best practices"

"BlackRock, consistently support management of companies who then filed for Chapter 11"

"Sunnova is potentially worse off given it does have a financial company balance sheet"

"On 07-Mar-2018, CEO Amos Genish announced a promising plan for value creation at TIM."

"Twist’s entire model is based on the same Agilent array as Gen9 was, yet Gen9 blew up"

"The DNA “printing process” that Twist flaunts inherently has “tons of room for error”"

"As same-store sales again begin to increase, retailer profitability should accelerate"

"Companies have moved away from the DLC structure – Rio is the only large cap DLC left"

"We call upon Lemonade to take its site offline immediately and fix the vulnerability."

"We are nominating directors who, if elected, would represent a majority of the Board."

"APD's share price including dividends and the spinoff of Versum increased 24% in 2016"

"We believe the new administration will successfully reform Fannie and Freddie (cont.)"

"Bristol-Myers' P/E ratio is now at its lowest level in years and below its peer group"

"Bristol-Myers is paying ~$30 billion for Celgene's product pipeline, not ~$15 billion"

"We believe PF McDonald's would trade at a 37%–52% premium over where it trades today."

"The two import data services' independently obtained monthly data sets match closely."

"Many aspects of the current “Detailed Plan” are previous initiatives rebranded as MYP"

"Not much recent backlog growth from Non-Baker Hughes Customers In Past Three Quarters"

"Following release of Elliott’s Streamline66 plan, the stock outperformed peers by 11%"

"Management suggests acquisition is immaterial – implies immaterial sales contribution"

"Management suggests acquisition is immaterial – implies immaterial sales contribution"

"Saputo recently removed its spreadable goat cheese product offering at Woolwich Dairy"

"HHC owns and controls an enormously valuable 60-acre coastal vertical MPC in Honolulu"

"The Company has consistently missed Wall Street analyst and shareholder expectations."

"Operating performance for both SCC and SBM have fallen well below management targets."

"We believe similar opportunities to improve supply chain efficiency exist within SBM."

"Despite the turmoil in the credit markets, GGP’s operating performance remains strong"

"This analysis suggests GGP's 'A' mall assets alone validate GGP's current market cap."

"In a somewhat surprising tactic, PSX management talked down the potential SOTP upside"

"Following release of Elliott's Streamline66 plan, the stock outperformed peers by 11%"

"Huntsman's CEO has accumulated excessive pension benefits compared to the Proxy Peers"

"TWX's stock has underperformed by all relevant measures since Mr. Parsons became CEO."

"Based on these assumptions, the DCF valuation is assumed to be $14.7 - $16.9 billion."

"After build-up phase you continue to receive income even when you don't work yourself"

"Internal Consumption Refers to Product that is Purchased and Consumed by Distributors"

"Only about one-out-of-six distributors makes Sales Leader rather than one-out-of-four"

"CP’s share price increased 384% including dividends since inception of our investment"

"In short, Bristol-Myers is knowingly acquiring a massive small-molecule patent cliff."

"The programmers studied lack encryption and also present a substantial vulnerability."

"PPG is the only major North American player with coverage across the 3 major channels"

"Following release of Elliott's Streamline66 plan, the stock outperformed peers by 11%"

"For both advisory and asset management, non-compensation expense is approximately 20%"

"CMG's share price decreased 21% in 2022 and has increased 24% year-to-date in 2023(1)"

"HHC's share price decreased 25% in 2022 and has increased 14% year-to-date in 2023(1)"

"Why does the press release announcement of Mr. Glover not appear on Perion's website?"

"インテルのマスク検査部隊は、自社のメンツを守るためにレーザーテックに多額の投資をした。しかし、レーザーテックの育成は大失敗に終わり、その事実を隠蔽することにいまや必死だ。"

"高開口数の装置の導入はレーザーテックにとってさらなるバッドニュースだ。インテルには、高開口数のマスク検査にKLA製の装置を使用せよという「たいへんな圧力がかかっている」。"

"Each of Brand Tripadvisor, Viator, and TheFork is a leader in its respective category"

"We believe Viator has the potential to reach OTA-like margins over the next few years"

"We believe Fluor has a diversified end-market mix spanning several attractive sectors"

"We believe Fluor has a diversified end-market mix spanning several attractive sectors"

"We believe Fluor has a diversified end-market mix spanning several attractive sectors"

"We believe demand for nuclear energy will continue to rise for the foreseeable future"

"WinterGreen seems to have misinterpreted an advertising campaign that Prudential ran!"

"There's no good economic rationale for Aurora to command the lion's share of the pie."

"BlackRock’s governance is worse than what is increasingly considered 'Worst Practice'"