Callouts & quotes from 26,677+ activist slides

"We have identified several initial markets for Olive Garden to consider"

"Prices can't stay below the cost of the lowest cost producers for long."

"We expect capital expenditures to continue in the $315m per year range."

"We Believe Tripadvisor’s Undervaluation Is Driven by Two Misconceptions"

"The short-term solution is money and the long-term solution more money."

"Lack of disclosure allows Management to avoid answering basic questions"

"Never even one independent director with oil & gas operating experience"

"TCS is yet another example of management failing to achieve its targets"

"Arconic gets so much less out of what are very good assets, in our view"

"By the end of 2017, a New Arconic can be poised for sustainable success"

"Did Dr. Kleinfeld inherit a mess that he was in no way responsible for?"

"Phillips leverage today is reasonable when considering its business mix"

"The peer group has an average revenue close to 2.5x the revenue of DND."

"从远赴哈佛进修，再到征战戈壁，密集的“高管修炼特训”覆盖了安踏集团旗下各品牌高管团队，都是围绕“创业新十年”的主题，思考和探寻回归本源和初心。"

"豊田自動織機およびその株主の皆様にとってよりよい結果を導くために、株主の皆様には、保有する株式の応募を見送っていただくよう強く推奨いたします。"

"Twist has no value proposition beyond price and is a bottom-tier vendor"

"Twist exhibits telling signs that its “growth” is about to hit the wall"

"Commodity market without any major player that is “really sticking out”"

"BK fell significantly short of even the low-end of its 2014 EPS targets"

"Set Explicit Targets... How many systems today? How many in the future?"

"NNJのような小規模企業に、本当にAIクラウドサービスシステムを構築するためのエンジニアリング能力があるのでしょうか？我々はそうは思いません。"

"PHILLIPS 66'S ARGUMENTS ON VALUE CREATION "DISCONNECTED FROM...REALITY""

"日本におけるコーポレート・ガバナンス、少数株主の権利、および公正なM&Aにとって重大な後退となり、日本市場全体に深刻な悪影響を及ぼすことになる"

"Valuation Extreme Leads To Horrible Risk / Reward: Simple Downside Case"

"We very much understand AGO’s business model and stand by our analysis."

"Even so, the supported debt ranges from only $4 billion to $18 billion."

"Bristol-Myers’ proposed acquisition of Celgene carries substantial risk"

"Why would Economy X have the same monetary policy as the United States?"

"We had heard of a flat-earth, but “Global Sharp Top” was new for us all"

"According to court records, C3's CFO allegedly has made a death threat."

"Direct Peers have all grown operating margins while GCP's have declined"

"If they put real numbers of today in there, this program would be over."

"The Company deserves better. We can do better. Our nominees are better."

"The Company deserves better. We can do better. Our nominees are better."

"The Company deserves better. We can do better. Our nominees are better."

"The Company deserves better. We can do better. Our nominees are better."

"RINO is worth approximately $70 million ($2.45 per share), and falling."

"RINO’s gross margins are far in excess of those of the industry leader."

"TWC's HSD ARPU is projected to decline from $40 in 2006 to $38 in 2009."

"TWX’s financial strategy has been shortsighted and unduly conservative."

"APD has announced a plan to improve performance to industry-best levels"

"Is CEO Smith still too close in their relationships with police chiefs?"

"6 consecutive earnings beats between management change and Trian's exit"

"4名とも、レーザーテック製の装置は、1台につき3名ないし4名のフィールド・サービス・エンジニアを配備しなければいけないほど不安定だと証言した。"

"しかし、複数の取材先によれば、Urashima光源はウシオ製の光源と同程度の不良があり、ウシオ製の光源で起きた致命的な問題は解決されていない。"

"Fab 4Aは元々の建物の性質上、体育館や機械実習棟の名残が目立ち、研究開発拠点あるいは生産ファブに模様替えされたふうにはどうしても見えない。"

"AlloSure is an utter failure as a comprehensive biomarker of rejection."

"Direct Peers have all grown operating margins while GCP's have declined"

"Revenue and unit growth have not provided the leverage Darden promised."

"We Believe Tripadvisor’s Undervaluation Is Driven by Two Misconceptions"

"The finer the grind, the higher the cost, so this should also be noted."

"News Corp owns a highly valuable collection of assets in its portfolio."

"It’s nonsense to think Yahoo can’t be turned around as a public company"

"It’s nonsense to think Yahoo can’t be turned around as a public company"

"We observe that since 2016, Stryker's SG&A margin is largely unchanged."

"We believe it mathematically impossible for EBIT to be higher than EBT."

"So, I just don't believe that there's 82 standalone modules being sold."

"Median Rent / Sq. Ft. of ~$11 for Select Recent Comparable Transactions"

"We estimate that BEKE’s revenues are inflated by approximately ~77–96%."

"The primary endpoint is change in proteinuria from baseline at Week 24."