Callouts & quotes from 26,677+ activist slides

"TSMCは、レーザーテック製極端紫外線マスク検査装置を生産ラインの使用に適さないと判明したために、代用品として従来の深紫外線装置を使うこととなった。"

"These facts suggest that he has not been a full-time employee in the past."

"Management is not committed to flowing all the cost savings to bottom-line"

"We believe investors are misinterpreting these companies intent and budget"

"There's not a lot of competition in the robotic cleaning products business"

"A surge in DSO is often a red flag signaling a host of potential problems."

"Invalid endpoints create illusion of efficacy with no valid endpoints left"

"We note that pitolisant is marketed as not having any withdrawal symptoms."

"The main drawback of this is that it doesn't work or it works very little."

"TOP THREE PROXY ADVISORY FIRMS AGREE: VOTE FOR CHANGE TODAY AT PHILLIPS 66"

"The business is not growing anymore despite the hyper-competitive pricing."

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

"Archer has built a fundamentally uncompetitive and uncertifiable aircraft."

"The domain egg.fi now routes users to some kind of meaningless login mask."

"Are Accor’s Official Human Rights Policies Nothing but a Marketing Façade?"

"ALXN trades at a ~50% discount to pharma players with the same growth rate"

"D-Wave risks becoming a footnote in the very revolution it claims to lead."

"We saw no evidence of a large clean room like the one in Lasertec’s photo."

"Intro: RUN Rests on Three Shaky Pillars on a Foundation of Dubious Models"

"We therefore feel that the tax inconsistency issues remain as a red flag."

"We have the right team in place to compound our capital for years to come"

"Since the spinoff from GGP in November 2010, HHC stock has increased 182%"

"We Are Troubled by Finance Department Turnover And Qualifications at FIGS"

"We believe APD’s EBIT margins (16%) can approach comparable Praxair (22%)"

"Notice omission of: "Sign municipal deals of at least $100m of rate base""

"The Company PAID MORE than its peers, BUT PERFORMED WORSE than its peers."

"Over the past several months, Box has raised $845 million it did not need"

"Projected ISS burn rate is well above the ISS industry benchmark of 9.24%"

"How independent and objective can Dan Quayle really be as a Board member?"

"In short, no additional contribution under a “phase –in” plan took place."

"Insiders appear to sell at almost every significant uptick in PEN shares."

"Vivendi's interests at Telecom Italia are at odds with other shareholders"

"Autodesk spends more than 1,000bps more than peers on operating expenses."

"Our Olive Garden turn around plan is centered around the following steps:"

"Despite these similarities, the two business' performance has diverged..."

"We believe News Corp owns a diverse portfolio of high-quality businesses."

"We believe News Corp owns a diverse portfolio of high-quality businesses."

"We believe News Corp owns a diverse portfolio of high-quality businesses."

"We believe News Corp owns a diverse portfolio of high-quality businesses."

"Even though it’s China, and it’s a fast growing economy, pigs do not fly."

"5. Quantumscape can't even reliably make TEST cells that work, we believe"

"Gate fidelities have stalled at levels that make IonQ's computer unusable"

"Beijing Long Xiang A-er-sha's website showed that it only owned 58 buses."

"The Company Has Missed ALL of the FY2023 Commitments Made to Shareholders"

"We believe the market is significantly undervaluing Fluor’s core business"

"JOE sold 4 beach front lots July 2010 Average price per lot: ~$331,000(1)"

"We believe excitement around Pure's hyperscaler opportunity is misplaced."

"Yet BOOT will no longer provide a reconciliation of EBITDA for investors."

"PSH has acquired a new investment that represents 12% of Net Asset Value."

"Our Olive Garden turn around plan is centered around the following steps:"

"I think there is a decent chance than CONSOL will do something like that."

"And we are not going to, going forward, report on consumption per brewer."

"Dropping US Transmission assets into SEP yields SE value of $20-$21/share"

"We adjust 2025 Adjusted EBITDA down by approximately 90% to $103 million."

"The results are stark – EPS is dramatically underutilizing its asset base"

"Dr. Kleinfeld and Ms. Russo have done very well by overseeing one another"

"We believe the Arconic Board size of 13 should be reduced to 11 directors"

"Incremental utilization (at lower EBITDA/MT) drives higher EBITDA and FCF"

"“Margin Gap with PCC is Structural”: Management Failed Year after Year..."

"The Shareholder Slate intends to focus on improving operating performance"