Callouts & quotes from 26,677+ activist slides

"HHC continues to create value across its portfolio of core trophy real estate assets"

"HHC continues to create value across its portfolio of core trophy real estate assets"

"One dirty trick HelloFresh uses to cut costs is to deliver small portions for meals."

"Based on our financial analysis we believe that Inteliquent is Sinch's golden goose."

"We are discounting the rent by 93% to 100% due to overpayment and potential default."

"Archer’s trajectory mirrors Nikola Corporation’s, and is likely to end the same way."

"The contrast in strategy and execution between Joby and Archer could not be clearer."

"Crypto Family was founded by Đorđe Petrović in Dubai, a known hub for Ponzi schemes."

"Import Records Show GreenPower’s EV Star is Really Weichai’s Eurise Electric Minibus"

"We believe our investigation’s insights stand in stark contrast to Accor’s promises."

"Here we believe management crossed over from mismanagement into outright misconduct."

"We Believe Prediction Markets Are Unlikely To Expand TAM For OSBs In The Near Future"

"Again, if this is worth $1.7 million, the world is a much richer place than we knew."

"Shift to eCommerce lowering barriers to entry and driving influx of new competition"

"Mondelez can dramatically improve its profitability using the same tools used by 3G"

"WE BELIEVE BWLD'S STOCK PRICE COULD RISE BY MORE THAN 2-3x UNDER MARCATO'S PROPOSAL"

"Tafamidis was successful though Phase 3 readout had already occurred prior to 2019."

"Campbell has dramatically underperformed the S&P 500 and key US packaged food peers"

"Fannie Mae and Freddie Mac share prices declined 32% and 29%, respectively, in 2014"

"Southwest has underperformed peers on 17 of its last 20 significant earnings events"

"Box would have to have annual returns of ~35% for the KKR Financing to be accretive"

"Box's limited disclosure regarding executive compensation is out-of-line with peers"

"Starboard reconstituted the Board with directors who guided a successful turnaround"

"**We have assumed that inflation is contained and constant currency beyond Year 1**"

"This suggests that the compensation committee is not establishing challenging goals"

"Since emergence, we believe the company has been too slow to realize fair valuation"

"ADP’s total shareholder return is in-line with Paychex but trails Ultimate Software"

"On the other hand, SNAP is the ONLY social media stock WITHOUT data privacy issues."

"Pershing Square and SPARC Directors will not receive conventional sponsor incentive"

"QSR's share price increased 3% in 2021 and has decreased 7% year-to-date in 2022(1)"

"A majority of the growth over the past 7 quarters has come from higher risk lending"

"Allied’s Largest Investment, Business Loan Express, is Analagous to Enron’s Raptor."

"...so what value is there in putting a fixed-location veterinary clinic in Walmart?"

"Despite having ~4.5x the peer average revenue, Darden is among the least efficient."

"We believe Olive Garden's poor execution leaves customers consistently disappointed"

"International growth is a longer-term opportunity, but planning could begin quickly"

"We believe there is significant value in these assets within News Corp’s portfolio."

"Investors have lost close to 93% of their equity investment since the announcement."

"Fine print indicates C/3 charge rate – which in battery-speak means a 3 hour charge"

"Recent media reports indicate that Philidor may have engaged in fraudulent activity"

"It is beneficial for US investors to read Chinese media coverage of our NQ reports."

"We are short OSI Systems, Inc. (OSIS.US) because we think it is rotten to the core."

"Did John Hess vote against his board's recommendation and against declassification?"

"Since Hess has paid limited dividends, exclusion of dividends distorts peer returns"

"Hess is unmistakably materially undervalued, with oversight and discipline lacking."

"The effectiveness results of the study were far superior to the results of UNCOVER."

"At surface level, Fluor appears fairly valued compared to its primary peers, but..."

"We believe the market is not giving Fluor credit for its substantial transformation"

"Shareholders will not be duped by the Board’s “window dressing” governance changes."

"Starting from $21 per share, this recapitalization plan implies a 3-year IRR of 26%"

"Below are examples of invoices we obtained showing the spending on SchoolMessenger."

"The market is discounting Huntsman precisely because the Company lacks credibility!"

"Despite having ~4.5x the peer average revenue, Darden is among the least efficient."

"We believe Olive Garden’s poor execution leaves customers consistently disappointed"

"International growth is a longer-term opportunity, but planning could begin quickly"

"A decade ago, coal was used to generate roughly half of all electricity in the U.S."

"Southwest has underperformed peers on 17 of its last 20 significant earnings events"

"We object to oil fracking because the investment can contaminate portfolio returns."

"If you agree to the foregoing terms, please sign below to indicate your acceptance."

"Did John Hess vote against his board's recommendation and against declassification?"