Callouts & quotes from 26,677+ activist slides

"That fact alone ensures that prepaid card revenue is insignificant."

"I would use “incredible” in a different way to describe the report."

"100% company-owned store base allows for common technology platform"

"Review segments to develop a brand mix to enable sustainable growth"

"In the U.S., wall of maturities has been pushed out but not reduced"

"The stock price reflects value destruction over the past ~5.5 years"

"Failing to reform the GSEs will impose significant costs on society"

"GCP has failed to meet its revenue growth targets by a wide margin."

"GCP failed to meet its cost reduction and operating margin targets."

"SMR Projects in Pre-Application; None Currently in Licensing Review"

"Each standalone business will be empowered to achieve its potential"

"We estimate approximately 40% - 50% ($42.39– $50.86) downside risk."

"China 2012 Average Yield: 5.8 tons; Huishan FY14 Claimed Yield: 9.0"

"Disney Communication on ESPN Has Led to More Questions Than Answers"

"We estimate Phillips could retire ~80% of its shares outstanding(4)"

"Directly responsible for NiSource's spin of Columbia Pipeline Group"

"Ms. Egan has a track record of endorsing poor governance practices."

"This implies that only 25 new customers adopted ABS in over a year."

"Zentrick co-founder already referenced industry maturation in 2019."

"Despite the name, "Millionaire Team" distributors only earn $97k/yr"

"The bears got the headline right and the business completely wrong."

"Directly responsible for NiSource's spin of Columbia Pipeline Group"

"Citron Exposes one of the Largest Clean Energy Frauds in US History"

"比較対象の5社の過去5年間のデータを見ると、棚卸資産に占める完成品の比重は平均30%ほど。対して、レーザーテックは5年間ずっと0%だ。"

"レーザーテック製の装置は顧客にとって「頭痛の種が多く」「作動可能な状態を維持するのがたいへんな負担になり」光源が「故障しがち」である。"

"ASML製の極端紫外線露光装置5台につき、レーザーテック製の装置1台備えるという割合は半導体製造装置企業の幹部によって確認されている。"

"別の角度からFab 4Aの前をタイムラプスで監視してみたが、同じく、整備員の行き来やときおりの入出荷以外の活動がないことを確認できた。"

"There are multiple avenues to avoid triggering Make-Whole Payments."

"We Believe Porch’s Historical Failures Are Coming Full Circle Again"

"Expedia owned Tripadvisor until Tripadvisor was spun off in 2011..."

"Online experiences is the single fastest growing category in travel"

"Please see our full report available at: www.hindenburgresearch.com"

"We value Nidec's shares at less than half of the price – JPY 4,764."

"Fortrea is a large scale and global contract research organization."

"We strongly encourage you to revisit the acquisition on this basis."

"This is significantly below TFS's price assumptions of US$4,500/kg."

"FTAI is exaggerating the size of its aftermarket aerospace business"

"EHTH management is, in our view, running a massive stock promotion."

"Removing the SCT Value Gap offers share price upside of up to ~170%"

"Management has identified at least $900mm/yr of net savings by 2012"

"100% company-owned store base allows for common technology platform"

"We believe that HHC trades at a discount to the value of its assets"

"Did PGNY embellish the member additions in the 2022 selling season?"

"TIP REIT’s Master Lease is much more attractive than long-term debt"

"Allonnia financials indicate its R&D spend with Ginkgo was non-cash"

"Ginkgo’s related party “customers” share several troubling features"

"Once again, the bottom of the site suggests it is hosted by Ginkgo."

"However, we could locate no Kalo Ingredients employees on LinkedIn."

"We believe Autodesk has a significant opportunity to expand margins"

"We Have the Market Leading HRBPO Business, Growing at Double Digits"

"Spending on "tuck-in acquisitions" accelerates beginning in Q1 FY17"

"Working capital strain evident with highest working capital / sales"

"All told, in an expensive market, this appears to be a cheap stock."

"Nevro's claims are commercially irrelevant and "smoke and mirrors.""

"The Board continues to act only as a result of shareholder pressure"

"Another year of empty rhetoric and broken promises is unacceptable."

"Another year of empty rhetoric and broken promises is unacceptable."

"Another year of empty rhetoric and broken promises is unacceptable."

"Another year of empty rhetoric and broken promises is unacceptable."

"A few years ago, I was a bear on Bear; today I am a buyer of Bayer."