Callouts & quotes from 26,677+ activist slides

"Dropped to MPLX; reflected in increased Pro Rata LP EBITDA and GP distributions"

"Therefore, we believe older, less improved sites have greater comparison value."

"We believe the Real Issue of this election is that Target’s board is suboptimal"

"We do not believe that Pershing Square's nominees would add value to the Board."

"While Hess May Deny These Problems, Everyone Else Acknowledges Their Existence."

"Viacom's Media Networks Increasingly Seen by Cable Operators as Not "Must Have""

"Valeant is a specialty pharmaceutical company that fits our investment criteria"

"Valeant's products are predominantly cash-pay or reimbursed by private insurers"

"This is the picture that was never explored, and which Mr Galloway has exposed."

"JOE sold 5 beach front lots in November 2006 Average price per lot: $880,000(1)"

"Interior lot sold in WindMark Phase II in August 2010. Sales price: $104,000(1)"

"We believe the change allows the Company to exclude churned customers from NRR."

"Huntsman management has proven it is more than willing to mislead shareholders."

"Huntsman management has proven it is more than willing to mislead shareholders."

"Huntsman management has proven it is more than willing to mislead shareholders."

"Huntsman management has proven it is more than willing to mislead shareholders."

"Huntsman management has proven it is more than willing to mislead shareholders."

"Huntsman management has proven it is more than willing to mislead shareholders."

"Huntsman management has proven it is more than willing to mislead shareholders."

"Huntsman management has proven it is more than willing to mislead shareholders."

"Huntsman management has proven it is more than willing to mislead shareholders."

"Mr. Gallogly is uniquely qualified to serve on the Huntsman Board of Directors."

"300% underperformance over 5 years, and that was before the Red Lobster debacle"

"Planning to spend ~$175 million on remodels – how much value will this destroy?"

"The Red Lobster Sale has stretched Darden's credit rating and dividend coverage"

"The current spot price is just $43 per ton, down from about $80 four years ago."

"Maxar's CEO and its Audit Chairman have overseen significant financial failures"

"We believe there would be multiple parties interested in purchasing Tripadvisor"

"A coherent strategy at Arconic will yield a sustainable value-creating flywheel"

"The value opportunity: improved oversight and execution can deliver 100% upside"

"We found that 97.9%±10% of the Modern Brothers PUs we sampled were likely fake."

"We estimate that most, perhaps as many as 90%, of the PUs were also performers."

"We have accumulated ~150mm shares of Citigroup during the past several weeks..."

"Palliser Capital is the eighth largest Keisei shareholder with a stake of 1.6%."

"Notice there’s no free shipping unlike almost every other product and no price!"

"Is Adjusted EBITDA the correct way to evaluate Sunnova’s financial performance?"

"Is Adjusted EBITDA the correct way to evaluate Sunnova's financial performance?"

"We believe that as growth slows, Sunnova's industry high multiple will contract"

"Market commentary since the Revised TOB was announced has been broadly critical"

"Currently, it appears that only 3 of 10 Profitect executives remain with Zebra."

"Spruce Point Estimates 65% - 80% Downside Potential Risk To Zebra's Share Price"

"Twist’s co-founders were also “never shy about borrowing IP without licensing.”"

"It appears the CFO and social media manager failed to coordinate their stories."

"Twist has to resort to purchasing these components and merely being a reseller."

"New home inventories are falling sharply and are projected to continue to do so"

"BHP's unification blueprint closely mirrors the structure and rationale for Rio"

"This level of long-term, sustained underperformance is rare and very troubling."

"We believe that HHC trades at a substantial discount to the value of its assets"

"The level of PD-L1 expression would be a key focus when analyzing CHECKMATE-026"

"As much as NVDA is one cute dog....this is the dog that finally caught the car."

"Assuming a $4.2bn of IPO distribution, the tax cost would be approximately $1bn"

"We estimate ELF's COGS based on its having a 70% share of its suppliers' sales."

"Dated commercial strategy has created a unit revenue headwind for over a decade"

"Neither of Nexia Singapore or Kreston are referenced in Monster's PCAOB filing."

"Poor stock price performance in recent years seem to be largely self-inflicted."

"We believe there is a more efficient and effective product development process."

"Marvell created significant shareholder value once the Board was reconstituted."

"DuPont's EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"DuPont’s EBITDA margins have lagged peers in 5 of 7 segments (~64% of revenues)"

"SMCI last repurchased stock close to the low end of our fair value price target"