Callouts & quotes from 26,677+ activist slides

"We Believe There is a Substantial Margin Improvement Opportunity at Autodesk"

"Consistently lowest transportation segment operating profit margin vs. peers"

"Office Depot has outperformed the market by 94% since Starboard’s 13D filing"

"Raising prices is not the right answer → we need to fix the guest experience"

"The Red Lobster Sale has reinforced our conviction in our real estate thesis"

"Goodyear has consistently lowered and pushed out margin improvement promises"

"THE COMPANY CATEGORICALLY DENIES THE ALLEGATIONS MADE IN THESE PUBLICATIONS."

"Investors have lost 99.5% of their equity investment since the announcement."

"Food retailing represents a critical strategic growth initiative for Target."

"Small modular nuclear reactors are the next generation of nuclear technology"

"BOOT's Growth Strategy Makes No Sense To Us In An Online-Driven Retail World"

"We believe the new method may allow the Company to delay a major impairment."

"Office Depot has outperformed the market by 94% since Starboard’s 13D filing"

"Raising prices is not the right answer → we need to fix the guest experience"

"The Red Lobster Sale has reinforced our conviction in our real estate thesis"

"We learned that Xylem has struggled with technology integration and scaling."

"Tripadvisor is increasingly levered to the fastest growing segment in travel"

"It seems to me that if you want to make that bet, there’s a much easier way."

"Please provide support for these assertions in revised soliciting materials."

"Under Dr. Klaus Kleinfeld, the Company underperformed all of its peer groups"

"Arconic’s EPS business missed sales and profit targets by an enormous margin"

"Absence of growth is completely inexplicable in light of management’s claims"

"Therefore, we conclude that WSP's turnover rate is abnormally above average."

"Distributable Earnings Turn Negative After Adjusting for Unrealizable Income"

"Yeah, missing your turnaround time and percent of the order complete by far."

"We think that Twist has every motive to fabricate its reported gross margin."

"Management must establish Clear Metrics that are within Management's control"

"We expect many other retailers will benefit from the Business Assistance Act"

"All these problems disappear in a simpler, more agile single holding company"

"Half of P&G’s existing Directors were on the Board for all 3 CEO transitions"

"Current Consensus expectations assumes flawless execution of 84 new programs"

"NQ broke the cardinal rule of China fraud: Do not get into trouble in China."

"The idea is to show that we got code execution on the device and so does NQ."

"You can’t get blood from a stone. Puerto Rico can only support so much debt."

"The HKMA recently increased its 2011 inflation expectation to 5.5% from 4.5%"

"ELF's claim it changed sourcing practices strikes us as categorically false."

"The GSEs have evolved significantly since the creation of Fannie Mae in 1938"

"This includes HIMS compounding pharmacy partners ITC Compounding and Curexa."

"We See 25% - 40% Downside In HIMS Shares, And Perhaps More If Regulators Act"

"If we produce excess inventory, we may have significant inventory writeoffs."

"Full upside potential under effective, independent management could be 100%+"

"Excluding the ethylene spread PTOI was flat and margins only expanded ~58bps"

"Excluding the ethylene spread PTOI was flat and margins only expanded ~58bps"

"We believe Disney's corporate culture does not welcome dissenting viewpoints"

"“RemainCo” Disney could have a much more attractive pro forma growth profile"

"Despite Content Spend Doubling Since 2018, Consumer Products Revenue is Flat"

"The Company LOWERED its target by 9% between the 2014 and 2016 Investor Days"

"We question the circumstances surrounding Mr. Muñoz’s departure from Nissan."

"The Company made a series of failed commitments regarding its TiO2 business."

"FROM PPP LOAN RECIPIENT TO BILLION-DOLLAR BUSINESS IN SIX MONTHS – REALLY???"

"Tang Yan, the Founder and CEO of Momo, is a famous poker player and gambler."

"Logic would suggest that Momo's rate will come down to match peers over time"

"WFG's distribution business is a major part of Aegon's earnings growth plan."

"Excluding the ethylene spread PTOI was flat and margins only expanded ~58bps"

"Why has Axon not made a single disclosure related to China since March 2018?"

"Samsung Opco and all of its stakeholders would benefit from a NASDAQ listing"

"Sensitivity to St. Jude Medical's current stock price is in the lower table."

"The Company has missed its 10% EPS growth target in each of the last 3 years"

"Total AUM benchmarked to MSCI indices is down -9% from June 30, 2021 – 2023."

"$51 per share implied value is approximately 120% upside from current levels"