Callouts & quotes from 26,677+ activist slides

"We believe the signs of strained growth are beginning to appear at Samsara."

"Any asset sales conducted by Amdocs are hidden within its net capex figure."

"HHC owns and controls irreplaceable real estate in some of the best markets"

"GGP viewed its MPCs as a cash cow to be liquidated to help pay debt service"

"The Company has primarily focused on SCC despite strong positioning in SBM."

"Starboard entirely reconstituted Darden’s Board with experienced directors."

"Poor shareholder returns, persistent undervaluation and governance concerns"

"Remaking Marathon unlocks value and improves sustainability of each company"

"Management admits discount but offers no real reasons to keep value trapped"

"Disney’s DTC EBIT margins are 2,200bps lower than Netflix at the same scale"

"XL'S PLUG-IN HYBRID ALSO SIGNIFICANTLY UNDERPERFORMS XL'S EFFICIENCY CLAIMS"

"Former XL employees literally laughed out loud at XL's revenue projections."

"FORD, GM, AND RIVIAN ARE ENTERING THE EV MARKET AND STAND TO EAT XL'S LUNCH"

"PepsiCo EBIT margin before advertising expense is well below the peer group"

"So in my view, the only stakeholders that they care about is the investors."

"Public independent advisory firms target compensation ratios of 55% or less"

"This is meaningless since Perion never disclosed the base result a year ago"

"Consensus estimates imply extremely unlikely Q4 core growth ex-new products"

"Consensus estimates imply extremely unlikely Q4 core growth ex-new products"

"TSMCへのレーザーテック製装置の導入は順調ではない。「あまりうまくいっていない」。重要な顧客は旧来の深紫外線と走査電子顕微鏡の装置を頼りにしている。"

"レーザーテックはこの中に研究開発・生産用のクリーンルームを建設したというが、最先端の半導体製造装置を開発・生産する場としては無理があるように思われる。"

"Did that difference go to OMERS, which was the 40% shareholder? If so, why?"

"Salesforce and Splunk have outperformed the market over the past 12 months."

"BIS’s vote recommendation would be a real test of credibility and integrity"

"Machine's inability to screen more complex antibodies is a major limitation"

"We believe this was contrived and that these transactions lacked substance."

"If he’s right this time, he will have called seven of the last one bottoms."

"We believe Dave Cote saw a unique opportunity for a turnaround with Vertiv."

"APP Systemically Violates TOS by Creating Persistent Identity Graphs (PIGs)"

"Over the past twenty years, JCP has failed to create value for shareholders"

"We question whether this represents a violation of PGNY's client contracts."

"The Company has substantially underperformed since its IPO in January 2015."

"Reported related party foundry revenues totaled 65% in 2019 and 72% in 2020"

"The management team and Board of Yahoo have repeatedly failed shareholders."

"Dubious "Beat And Raise" Story Designed To Fool Computers, Not Spruce Point"

"Pfizer had already made significant approval progress on three of 15 drugs."

"We believe the Company likely lost more than $20 billion in value from M&A."

"So, it was a big scam. The way that they manipulated the data was criminal."

"Kao Captures Less Upswing and More Downswing of the Asian Market than Peers"

"Immense operating leverage: EBITDA can be 3x in a normalized housing market"

"Disney's DTC EBIT margins are 2,200bps lower than Netflix at the same scale"

"Salesforce and Splunk have outperformed the market over the past 12 months."

"We estimate Phillips could retire ~60% to ~90% of its shares outstanding(4)"

"7 Year Compound Annual Return: PSH NAV Net of Fees vs. Indices Total Return"

"We are short BUR because it is a poor business masquerading as a great one."

"Share price discount significantly greater than any potential dis-synergies"

"Publicly traded spin-offs have outperformed the S&P 500 by 223% since 2003."

"AST is bleeding cash and execution has been absurdly poor, even for a SPAC."

"This is the right time and the right management team to unlock Sony’s value"

"Potential opportunity for optimization of asset portfolio to increase yield"

"The trial was a failure as DCCR did not significantly improve HQ-CT scores."

"The sleep study literature condemns the use of the Epworth scale in trials."

"Your miscalculation underestimated the likelihood of someone being injured."

"Nutrition Clubs are not intended to nor may they attract "walk-in" traffic."

"The real owner is one of NQ's founders, and its second largest shareholder."

"I would say, Bunge still has to catch up, maybe five to seven years behind."

"Patient asked if others had similar experiences, to which a number said yes"

"We conservatively value Valeant’s durable portfolio at 20x forward earnings"

"The FTC settlement is an acknowledgment that our business model is sound..."

"In an increasing cost environment, FIFO would maximize a company's profits."