Callouts & quotes from 26,677+ activist slides

"RINO has Fabricated FGD Customer Relationships and Significantly Overstated Revenue."

"Fortunately for us, however, is this dynamic appears to have finally run its course."

"Distributor Allowances are based on this fictitious representation of “Retail Sales”"

"Herbalife refers to these distributors as “Single-Level” (59% of total distributors)"

"Herbalife overstates a participant's likelihood of getting to the top of the pyramid"

"So, the total screens added together with both A1 and A2 are around 110,000 screens?"

"Almost no change in Q4 revenue and small inventory decline despite facility approval"

"This makes the vulnerability discovery process for an attacker significantly easier."

"CORRECTED FOR ERRORS, PHILLIPS 66 IS TRADING LIKE A PUREPLAY REFINER WITH NO PREMIUM"

"This would support the view that Mettler China may not be as profitable as it claims"

"年間整備費は装置ごとに300～400万ドルに上り、無償保証期間が切れてからサービス契約で年間600～700万ドルを取らなければいけなくて、顧客にとって不満の原因になる。"

"TSMCは世界最大の半導体装置メーカーで、半導体製造装置のどのメーカーからも信頼されるビッグ3の1社だということを考えると、これはレーザーテックにとって悩ましい事実だ。"

"Although the topline grew through acquisitions, economies of scale were not realized"

"At a 3.0x premium, "If Time Flows Back" stands out as being well above market price."

"BR has made some recent changes to its regulation section worth paying attention to."

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"Under realistic assumptions, the Company will miss its revenue and EBITDA forecasts."

"We believe this indicates that Rollins is struggling with its technology management."

"Despite ~70% of AP's COGS originating in Leasing, less than half were ever on lease."

"We do not discuss the individual business of tenants, so I wouldn't comment to that."

"Big Tech blocks or removes over a million apps each year for TOS privacy violations."

"The gap between W's stock price and consensus 2018 adj. EPS estimate is confounding."

"There are several ways through which management can attempt to unlock value in ACMR."

"CMG’s share price increased 65% in 2023 and has increased 9% year-to-date in 2024(1)"

"HHH’s share price increased 12% in 2023 and has decreased 9% year-to-date in 2024(1)"

"In 2020, Autodesk again committed to reaching growth + profit of 55% - 65% by FY2023"

"Phillips 66 Annual Report tells a different story about relative shareholder returns"

"Institutional investors should demand greater governance standards from Cintas Corp."

"Herbalife adds-back multiple items we believe are true ongoing costs to the business"

"HTZ's share price increased 40% in 2025 and has increased 3% year-to-date in 2026(1)"

"Therefore, Eurofins' deliberate choice to combine the two seems designed to confuse."

"Nevro is pushing stimulators onto patients who simply aren’t appropriate candidates."

"At these multiples, I can't see anybody digesting a business that isn't diversified."

"As a result of the foregoing factors, we find the investment case for Ströer hollow."

"David Lockwood has a track record of success while serving as an operating executive"

"Profitability is further pressured by an over-reliance on promotions to drive sales."

"Actually, athena is none of those things, but it’s a great way to promote the stock."

"Disney's lack of accountability for poor decisions made in the past is disappointing"

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"Vivion seemingly should disclose rent24 as a major tenant, but it has never done so."

"CMG's share price increased 32% in 2024 and has decreased 4% year-to-date in 2025(1)"

"We Believe Limbach Is A Low-Quality Roll-Up With Overstated Organic Growth Potential"

"Unsurprisingly, Olapic has performed far worse than shareholders were led to expect."

"TransMedics "find ways to increase your costs" if you refuse to use their air travel"

"A good word to describe the company is top-down aggressive...there's no question...."

"Into The Recession (2007-2008), DuPont’s EPS Growth Underperformed Peers by 3,000bps"

"FY 2014: Excluding one-time gains and tax benefits, earnings were 13% below guidance"

"Under More Reasonable Assumptions, DOL Stock Is Overvalued By 40% At Current Levels."

"No Dollarama distribution facilities located outside of a ~4 mile radius in Montreal"

"WHAT DOES THIS SYMBOLIZE? 1. AN ELECTRONIC DOUGHNUT? OR 1. A COMPANY LACKING VISION?"

"There are few lower quality ways to “beat” than pulling forward used car loan sales."

"We believe the primary cause for Sony’s discounted valuation is portfolio complexity"

"Image sensors are the core money maker and ‘crown jewel’ asset for Sony Technologies"

"Vote FOR our highly qualified nominees and AGAINST the incumbent “bankruptcy board”!"

"HQ-CT is a poor endpoint that “doesn’t really reflect the behaviors” of PWS patients"

"Target pays down ~$9bn of debt, eliminating significant interest expense obligations"

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

"A biotech with no IP is, of course, a house of cards - typical of a Jeff Aronin rig."

"QTc prolongation of ~10 msec and ~16 msec at ~175 ng/mL and ~280 ng/mL, respectively"

"QTc prolongation of ~10 msec and ~16 msec at ~175 ng/mL and ~280 ng/ML, respectively"