Callouts & quotes from 26,677+ activist slides

"We believe ALEX's leased commercial real estate on Hawaii is worth over $400m"

"石原紀彦氏がNNJの初代取締役であったことを踏まえると、同氏がアジア各地でNNJのプロモーション活動を行っていたと報じられているのも不自然ではありません。"

"CEO Seifi Ghasemi continues his impressive progress transforming Air Products"

"We believe the new administration will successfully reform Fannie and Freddie"

"Aggressive pharmaceutical pricing tactics have not worked out well for others"

"It appears that there may have been prior strategic interest in Bristol-Myers"

"Franking credits are wasted as they cannot be passed on to Plc's shareholders"

"We sold our holding in Kao as the company continues to underperform its peers"

"Reported financials have overstated margins due to a lack of transfer pricing"

"Set forth herein is a schedule of the after-tax proceeds from the McOpCo IPO."

"LIKE MARATHON, PHILLIPS 66 CAN BE RESTORED TO A TOP-PERFORMING ENERGY COMPANY"

"Valuation Is Stretched Beyond Explanation As Insider Misalignment Intensifies"

"Salemville is another specialty cheese brand with a reduced product offering."

"Quite simply, Marathon’s integrated model is not working and will never work."

"Valero has outperformed Marathon by 131% since the completion of the CST spin"

"A Board's job is to look over the horizon instead of reacting after the fact."

"LIKE MARATHON, PHILLIPS 66 CAN BE RESTORED TO A TOP-PERFORMING ENERGY COMPANY"

"RINO is committing a complicated accounting fraud with a lot of moving parts."

"It’s becoming more difficult to grow average revenue for the top 100 clients."

"Inappropriate Assumption With Limited Business History And 1-2 year contracts"

"NQ admitted widespread tampering with data reviewed during the investigation."

"To be successful, Distributors need to recruit and sell to other Distributors"

"LIKE MARATHON, PHILLIPS 66 CAN BE RESTORED TO A TOP-PERFORMING ENERGY COMPANY"

"CN has gone from having the best operating ratio in the industry to the worst"

"We Believe Mailchimp Was A Questionable Deal That Masks QuickBooks’ Struggles"

"VOTE YOUR SHARES ON THE GOLD CARD TO PUT A PHILLIPS 66 TURNAROUND INTO ACTION"

"Salesforce has created significant shareholder value over the last two years."

"What $619m in 2020 cash would be an all time high. Where is this coming from?"

"Warning: CFO Associated With Companies Demonstrating Similar Inventory Issues"

"レーザーテックの時価総額はキチガイ的。投資家は“独占の匂い”に酔って、レーザーテックを“ASMLの弟”あるいは“日本版ASML”のように考えているようだ。"

"かつて深紫外線時代には、レーザーテックの業績は注目に値せず、時価総額が1億〜2億ドルほどの企業だった。ところが、いまなお実力としてはその時代と同様なのだ。"

"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因になる。一方のUrashimaは出力も照度も足りない。"

"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。"

"TSMCはレーザーテック製の アクティニック極端紫外線の検査装置をマスク工場限定のニッチ装置だと見なし、買わなくなっている。生産に連動した使用に適さない。"

"調査員が窓越しにFab 4Bの実態の把握することは容易だった。建設はほとんど進んでおらず、工事の作業員もほぼ不在、現場には建材や梯などが置いてあるだけだ。"

"Adjusted EBIT has contracted by ~30% since 2016 despite restructuring efforts"

"The current management team and Board have a long tenure of underperformance."

"We believe Tripadvisor trades at an attractive multiple compared to its peers"

"We believe Tripadvisor trades at an attractive multiple compared to its peers"

"We believe NuScale is well positioned in the nascent nuclear reactor industry"

"A Comparables Analysis Shows That Silver Sand Is Valued 17x Higher Than Peers"

"We strongly doubt that Nidec met the requirements to impair much of the PP&E."

"The first claim is highly misleading and the second claim is flat out untrue."

"GoDaddy is expected to miss its 2024 revenue target by more than $500 million"

"We believe that there is significant share price upside potential at Fortrea."

"Inventory To Sales Increasing, While Inventory Growing 2.3x The Rate of Sales"

"US$853 million of Franking Credits Could Have Funded a c.US$2 billion Buyback"

"We estimate that TAL has fraudulently overstated its FY2016 – FY2018 results."

"At the top of the first page a note states that eight items had been changed."

"Why does TFS use two different sandalwood oil prices for marketing and audit?"

"By accessing Bonitas' website and reports you agree to our terms of service.*"

"We have every reason to expect that Olam’s CapEx binge will end disastrously."

"The Ancora slate and Mr. Kestenbaum are prepared to take the following steps:"

"Airfoils and LLPs account for $5.5M of the total shop visit cost of $6.8M (1)"

"We explain infra how Fairfax's AVLN financed this overpayment for Riverstone."

"Over time, we believe Vertiv can reach 20% adjusted operating profit margins."

"We believe a decline in occupancy is likely as tenant quality deteriorates..."

"CEO Seifi Ghasemi continues his impressive progress transforming Air Products"

"We see 60% to 80% downside risk to PGNY’s share price to $7 to $14 per share."

"By accessing Bonitas' website and reports you agree to our terms of service.*"