Callouts & quotes from 26,677+ activist slides

"We Believe Shareholders Should Embrace This Advice And Seek New Leadership"

"Unifying the DLC Structure to Release Value and Enhance Capital Allocation"

"Strong growth despite management not providing guidance on U.S. land sales"

"This contradiction affirms our conclusion that YDT is a sham counterparty."

"This black hat stunt would be far less likely to happen at a real company."

"New compensation structure aligns with the firm’s and investors’ interests"

"応募しないことにより、少数株主は改定された取引価格またはスタンドアローン・プランのいずれかを通じて、豊田自動織機の本源的価値をより享受することが可能"

"On this basis, the principal loss to AGO appears to be about $2.8 billion."

"The Puerto Rican losses by themselves seem likely to be 2 to 4 times that."

"Prices in Hong Kong’s commercial real estate market are increasing rapidly"

"Wealth of experience and massive “head start” enable four year improvement"

"Attractive Average Sale Prices By Mr. Siebel Relative To The Current Price"

"Why did management revise the details of the Union loan as reported in Q2?"

"Mr. McPherson has a long history with a key senior executive at Lone Star."

"FMCN materially overstates the number of LCD screens in its core business."

"Agrium's poorly executed buyback illustrates key deficiencies on its board"

"$83mm Total Compensation Paid to NEOs Despite Negative Shareholder Returns"

"Adjusted EBITDA declined over 40% after acquiring Rockwood's TiO2 business"

"Unfortunately, volumes have not stabilized and margins have also regressed"

"Overlapping roles for Feds, States and non-U.S. gov'ts and private actions"

"This breakage of alignment between shareholder and insiders is concerning."

"CN is the only railroad that has not grown its operating profit since 2016"

"Strong operational management can quickly make a difference to performance"

"An inability to retain talent is a key sign of weak management and culture"

"We believe this is a direct threat to QuickBooks that is underappreciated."

"「溶けた錫があっちこっち跳ねる、それが問題なのです。デブリの発生を軽減させるための対策がありますが、十分には効きません。「汚すぎてどうしようもない」"

"レーザーテック製の光源は稼働率が60%以下という低い水準に留まっているのに対比して、ASML製の光源は稼働率が96%と高い水準にあることがわかった。"

"2023年11月に発表されたACTIS A300は、レーザーテックの次世代の極端紫外線マスク検査装置で将来の成長を牽引すると謳われているが、偽物だ。"

"「問題はまさにそこにあります。そのため2台の装置を備えることがあります。装置が不良だったら、バックアップが必要になるからです。それが最大の問題です」"

"レーザーテックの最近の成長は、5ナノメートルへの移行のための極端紫外線対応によって牽引されて、一順している。3ナノメートル関連の発注は延びるだろう。"

"インテルはマスク工場にレーザーテック製の装置を3台しか持っておらず、その稼働率は下がる傾向にある。アリゾナ州の工場に導入する計画は遅れているようだ。"

"一方、生産能力の見通しについて追及されたのに対して、「現在のところ、いつ終わるのか、またどのくらいの規模になるかは公表しておりません。」と回避した。"

"Economic ownership and voting power are now aligned at one-share, one-vote"

"Yahoo Shareholders Want $30/Share More – Not $3/Share And Full Tax On BABA"

"Yahoo Shareholders Want $30/Share More – Not $3/Share And Full Tax On BABA"

"Big brands and flashy acquisitions won't save Yahoo; Yahoo must save Yahoo"

"BlackRock Board suffers from at least three different kind of shortcomings"

"The situation at BlackRock is completely different relative to the others."

"We estimate inventory turnover fell in half leading up to the acquisition."

"Leverage Rising And Valuation Downside Increasing: 35% – 75% Downside Risk"

"Currently facilitates a round-robin loophole to the benefit of management."

"The new management team has the opportunity to put Splunk on a better path"

"Vertiv has significantly underperformed its peers over the last two years."

"CXW has historically outperformed the public sector in safety and security"

"HGV is paying 10x 2019 EBITDA for Diamond vs. BofA's valuation of 6.5-8.0x"

"This “snap-back” suggests that no cumulative renal repair is taking place."

"Using 12x our 2026E EBITDA estimate returns $16, -77% from current levels."

"Newly launched Rewards Program has created noise in Superstores financials"

"TIP REIT would be incorporated where most REITs are incorporated: Maryland"

"Huishan faces a collateral and equity squeeze that is extremely dangerous."

"The enterprise booking loss has followed deterioration in its brand image."

"Pfizer must continue to innovate with Prevnar to fend off looming threats."

"The Company is expected to generate worst-in-class returns on R&D and M&A."

"Nevro studies are not blinded and are skewed by well-known placebo effects"

"オアシスの試算によると、キュレルによる収益は約400億~600億円で、大半が日本とアジアに集中しており、欧米におけるプレゼンスはほとんどありません。"

"By 2020 Deckers will still have an estimated net cash position of $335m(1)"

"As a result, nearly 2/3 of its Consumer Products revenue comes from Japan."

"Just a few years ago, investor sentiment regarding McDonald’s was negative"

"We Believe Limbach Overstates Free Cash Flow by Excluding Key Uses Of Cash"

"レーザーテック製の光源は稼働率が60%以下という低い水準に留まっているのに対比して、ASML製の光源は稼働率が96%と高い水準にあることがわかった。"