Callouts & quotes from 26,677+ activist slides

"We Believe Monster Is Under More Pressure Than Most Realize"

"GGP is not the exception – many REITs have the same problem"

"The Board reduced targets by 41% in the MIDDLE of the year!"

"We find the timing of these two events highly questionable."

"The Board reduced targets by 41% in the MIDDLE of the year!"

"XL MANAGEMENT SYSTEMATICALLY INFLATES THE COMPANY'S BACKLOG"

"WE ESTIMATE FLEET CUSTOMERS' ACTUAL ROI IS NEGATIVE: -53.1%"

"We Believe Aegon Is Operating A Billion Dollar MLM Run Amok"

"Adjustment #1: Suggested Retail Price ≠ Actual Retail Price"

"APD’s share price increased 32% including dividends in 2014"

"It appears demand for new printers has dramatically slowed."

"Not a single mention of Amazon payments anywhere by Kornit."

"SHW is targeting ~40% growth in store footprint longer term"

"レーザーテックのキャッシュフローを総資産で割った数値は年々下降しており、現在はASMLやKLAの半分ほどの水準にある。"

"TSMCはレーザーテック製のACTIS A150装置を6台しか購入していない。最後に購入したのは何年も前だったようだ。"

"レーザーテックの極端紫外線の市場は、需要が尽きてはじめている。ACTISシリーズの製品は、成長と展望に期待が持てない。"

"TSMCはレーザーテック製のACTIS A150装置を6台しか購入していない。最後に購入したのは何年も前だったようだ。"

"それこそ、KLAが時間をかけて準備してきた本物の高開口数対応の装置の実用化は、レーザーテックにとって存亡の危機となる。"

"しかし、事務棟だとしても閑散としており、混雑が予想される出勤・昼食・退社の時間帯であっても従業員の動きはほとんどない。"

"敷地内の大型ゴミ容器には雑多な廃棄物が入っている。しかし、装置から外したシュリンクラップと思われるゴミは見当たらない。"

"BILL’s ‘Rule of 40’ score is less than half of peer levels."

"We believe that Brand Tripadvisor should be more profitable"

"We question what management means by “originally expected”."

"It's another maddeningly wasteful use of shareholders' cash"

"Leading Asset Managers broadly support Chair/CEO separation"

"Largest holders at IPO already bolted earlier this year...."

"APD's share price increased 32% including dividends in 2014"

"Executive turn-around experience in the healthcare industry"

"オアシスは北越に下記の実行を要請いたします：大王製紙の政策保有株式の売却、次なる中核事業としてのバイオマス発電への投資"

"Schlanger left WebMD abruptly in 2016 “by mutual agreement”"

"ACMR Trades at a Massive Discount to U.S. and Chinese Peers"

"Growth areas also have elevated level of clearance products"

"2. Ginkgo’s business model is based on a dubious shell game"

"Receivables growth is ballooning relative to revenue growth"

"Receivables growth is ballooning relative to revenue growth"

"FACT: ADP’s Sales Force productivity is actually increasing"

"HMC Discount vs. peers: (26%) Kia Discount vs. peers: (73%)"

"How will this change the pitch to prospective distributors?"

"Pfizer initially identified 15 potential blockbuster drugs."

"Financial Engineering Has Obscured MPLN’s Existing Problems"

"花王の取締役会には、国際的なマーケティングやデジタル戦略の専門家はいません。消費財業界出身の社外取締役は1名だけです。"

"Total SG&A intensity is up 600bp over the last three years."

"DECKERS SHARES HAVE OPPORTUNITY TO DOUBLE OVER NEXT 3 YEARS"

"Is Deckers “re-investing” ~$120m of the $150m in “savings”?"

"In this scenario, Apple unlocks up to $89 a share in value."

"Here is the product that Apple doesn't yet know it needs..."

"Why would anyone like to see them not make it to the altar?"

"THE STATUS QUO: WORKING WELL FOR MARK LASHIER...NOT FOR YOU"

"The disparity between rhetoric and action raises questions."

"「問題はまさにそこにあります。......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」"

"We estimate that BOL's net assets are worth €11.43 billion."

"The Company enjoys advantages that enhance the crack spread"

"we note that several endocrinologists used the term "cult.""

"There certainly was potential for unblinding...no question."

"How do you bridge the missing $1.8 billion to $2.8 billion?"

"We see 60%-80% downside risk to ($22.50 - $45.00 per share)"

"Curiously, Lightspeed has never reported a decline in ARPU."

"There is a glaring inconsistency on LSPD's CFO's biography."

"Provides a clear path back to an “A” category credit rating"

""Seasoned" charge-off rate is above recent historical peaks"