Callouts & quotes from 26,677+ activist slides

"Huntsman operates at a significant Adjusted EBITDA margin deficit to its peers."

"Huntsman operates at a significant Adjusted EBITDA margin deficit to its peers."

"Huntsman operates at a significant Adjusted EBITDA margin deficit to its peers."

"As of the last filing for 2021, operating profit is still down -35% since 2019."

"XL went from PPP loan recipient to billion-dollar SPAC in six months. Really???"

"XL’s supply chain woes are ones that we’d expect to haunt a third-tier company."

"They trade at about 3.3x 2025 revenue and very fancy multiples of 2025 profits."

"Permanent capital significantly reduces percent of AUM available for redemption"

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

"FMCN's rebuttal that it in fact made the six phantom VIE arrangements is false."

"The board must take responsibility for supporting this ill-advised misadventure"

"Since Jim Vena joined Union Pacific, its operations have improved significantly"

"There were two components to STJ's response: substance (~20%) and fluff (~80%)."

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

"We see this behavior as extremely short-termist, and indicative of desperation."

"Forward Air has cumulatively underpriced its revenue per hundredweight by ~32%."

"We believe Uber’s P/E multiple is low in the context of its 30%+ growth profile"

"Uber’s current EBITDA margin of 4% is just over half of its 7% long-term target"

"The U.S. Oxygen Therapy Market is Not Growing; Rather, it is Already Shrinking."

"The savings of hard-working public employees put at risk by a low-quality deal?"

"Permanent capital significantly reduces percent of AUM available for redemption"

"In short, those details support our view that this was a shambolic transaction."

"Are shareholders aware that management is fraudulently siphoning cash from TFS?"

"A Retail Bubble Stock While Insiders Furiously Selling: 25% – 50% Downside Risk"

"This website contains solely our opinions. We are invested behind our opinions."

"Real estate partners contribute combined $1.7 billion for 15% stakes in each JV"

"Once again, we are left to conclude that Olam wants assets at almost any price."

"Production Enhancement is the smaller and less profitable part of the business."

"DLO's Take Rate is an outlier among peers – i.e., it seems too good to be true."

"We believe this allowed Fairfax to avoid taking $251 million in losses in 2022."

"We believe that a focus on internal operations was not built into Vertiv’s DNA."

"CXW trades for ~13x free cash flow per share or at an implied cap rate of 12.2%"

"Reduce leverage to industry-standard levels of approximately 5x gross leverage."

"Ron Johnson’s record of retailing success makes him the ideal leader to fix JCP"

"Citron jumps into muddy waters and assigns a conservative $46 target on Inogen."

"In fact, almost all commodities are up this year. The CRB index is up over 20%."

"This website contains solely our opinions. We are invested behind our opinions."

"Spruce Point believes that Viterra's results reflect a deeply injured business."

"In our view, this could signal director dissent, retention or cash flow issues."

"The largest holder in Ginkgo - the “smart money” - is hedge fund Viking Global."

"13. No unique technology, intellectual property, or differentiated capabilities"

"Clear Eyes products are intermingled with competitors with poor shelf placement"

"Amcor has scrubbed all its significant subsidiaries of the tobacco association."

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

"If Backlog Is Really Increasing And High Quality, Where Is The Inventory Build?"

"ACTION HAS GENERALLY BEEN TAKEN ONLY FOLLOWING SIGNIFICANT SHAREHOLDER PRESSURE"

"It's not complicated, it's merely unfamiliar. It is also simple and innovative."

"Herbalife is in the business of selling dreams, not weight-management products."

"Performance of Trian Portfolio Companies Where Nelson Peltz Served on the Board"

"We do not believe this amendment made any substantive changes to the status quo"

"Uber's current EBITDA margin of 4% is just over half of its 7% long-term target"

"We believe Uber’s P/E multiple is low in the context of its 30%+ growth profile"

"「レーザーテックは今現在、高開口数対応の技術を持っていません。私は立場上話せないこともありますが、これは言えます。彼らの装置は高開口数対応になっていません。」"

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

"~1.5x incremental leverage at DuPont yields earnings accretion of 9% by 2017(3)"

"Voting FOR Boardroom Change This Year Will Drive Significant Improvement at NSC"

"We will only make changes necessary to achieve the goals of the transformation."

"Competing against SpaceX is an unenviable task given its structural advantages."

"HHC’s share price decreased 26% in 2018 and increased 14% year-to-date in 2019¹"

"Slide Removed: Does IRBT Not Want To Be Held Accountable To A Timeline Anymore?"