Callouts & quotes from 26,677+ activist slides

"$164,511,000 = JOE's carrying value for Gulf County residential real estate(1)"

"JOE sues for damages while advertising to the public the beaches are wonderful"

"BXMT seemingly is systematically under-rating the Risk Ratings it gives loans."

"Strategic change could realize 150%(3) increase in value for Hess shareholders"

"BlackBerry 24 month target: $20. or Likely Buyout Target at a Sizeable Premium"

"Why did the CEO change his degree specialization from marketing to statistics?"

"School district hiring has had a substantial effect on regional labor markets."

"We Believe PowerSchool May Be Potentially Violating State Student Privacy Laws"

"Huntsman failed to achieve its 2018 Investor Day share price improvement goal."

"Huntsman failed to achieve its 2018 Investor Day share price improvement goal."

"Red Lobster’s frustrating results started to affect management’s compensation."

"It trades at a fancy multiple of last year's earnings, before oil prices fell."

"Arconic’s business benefited from massive industry tailwinds, yet still shrunk"

"Move the whole organization from aiming to be better to aiming for world class"

"We believe Alexandria could have 30-40% downside from the current share price."

"We believe investors should tread carefully that Oatly has misstated revenues."

"Oatly entered the U.S. market in 2016/17 exactly when share was lost in Sweden"

"Oatly entered the U.S. market in 2016/17 exactly when share was lost in Sweden"

"Fortrea Is a Large Scale CRO with a Global Presence Spanning Over 90 Countries"

"Simplified capital structure, increased liquidity and avoided dividend leakage"

"Though tenant sales are down year-to-date, sales momentum is starting to build"

"The two initial representatives were attorneys André Zolty and Thierry Ulmann."

"In 2016, the property was still under construction and no income was recorded."

"257 units sold as of August 2012 (236 binding sales averaging >$700 / sq. ft.)"

"Financing with cash on hand and new borrowings -> Highly Accretive Transaction"

"Bloomin’s superior operational execution drove its valuation premium to Darden"

"NQ's claim to have paid $1.55 million for the domain www.nq.com is outrageous."

"NQ should produce Breakin' 3 Don't Crash Into a Tree and do product placement."

"The population is no longer growing. Since its peak in 2005 it has shrunk 11%."

"Between 2014 – 2018, Amgen successfully improved operating margins by 1,500bps"

"If properly managed, we believe that Bristol-Myers can reduce its SG&A expense"

"Kao's Curél and Freeplus brands displayed with poor shelf space and no signage"

"We expect Fannie and Freddie to continue to reduce loss reserves in the future"

"We currently see 25% - 40% downside risk ($5.20 - $6.50) in HIMS' share price."

"By under-reserving for bad debts, FND may be overstating revenues and margins."

"Amdocs shows less variation in its margin from 2013-2018 by over a factor of 5"

"Spruce Point finds evidence of consolidation in the U.S. string cheese market."

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

"Such contracts and arrangements are very common in energy infrastructure today"

"Despite improving operations, Taubman shares have fallen over 25% year-to-date"

"Huntsman failed to achieve its 2018 Investor Day share price improvement goal."

"Telephony ARPU at TWC is projected to decline from $42 in 2006 to $36 in 2009."

"As we previously illustrated, DV's product is less suited for smaller clients."

"We believe that the actual ROI XL's customers generate on average is NEGATIVE."

"XL DOES NOT HAVE ENGINEERING TALENT OR KNOWHOW TO COMPETE IN ELECTRIC VEHICLES"

"Why does Herbalife so heavily promote the R&D and science behind its products?"

"Herbalife may be running out of growth opportunities to continue its expansion"

"The shipping data clearly shows that Axon is becoming more dependent on China."

"CSTE’s market penetration figures are inflated in which case the data is wrong"

"Strengthen management by immediately bringing back Chuck Bunch as Chairman/CEO"

"The window to buy before institutional consensus catches up is open right now."

"Warning: Many of the same people in key management are still at Mettler today!"

"Warning: Mettler recently suspended historical disclosure of sales by segment."

"Big Increase In Accrued Severance, Is This Signaling More Workforce Reduction?"

"Why should we expect Hill-Rom's legacy business to accelerate so dramatically?"

"ウシオ製の光源はプラズマの制御不能に伴う変動によって暗いフレーム、あるいは誤検知というような問題の原因になる。一方のUrashimaも出力も照度も足りない。"

"「はい、研究開発用の装置として随時に使う程度です」「つまり、生産に連動させて使っているわけではないのですね」「はい、生産活動に直接連動させて使っていません」"

"「生産活動に連動した使用に適合しない装置だ」。極端紫外線検査装置はファブでの稼働よりも、マスク工場での稼働の方が価値が高くて、購入台数もより多くなりそうだ。"

"インテル、TSMC、サムスンはともにレーザーテックの問題に閉口して、水面下で高次高調波発生（HHG）の代替光源を使って独自に開発した検査装置を使用している。"

"そのさらに下にクリーンルームがあるはずだが、レーザーテックのプレゼンテーション用の資料に掲載された写真のようなクリーンルームがあるとは、とても想像しがたい。"