Callouts & quotes from 26,677+ activist slides

"Broker trading volume is 2.3x exchange traded volume"

"~180% improvement in stock price from today's levels"

"The Company misjudged the durability of COVID sales."

"We Believe The FIGS Brand Has Already Been Tarnished"

"They are perhaps more opportunistic than innovative."

"Net Worth Sweep is an untenable economic arrangement"

"Broker trading volume is 2.2x exchange traded volume"

"We are confident the same will be the case with JFT."

"Proposed Transaction Significantly Undervalues Xerox"

"Goodyear is the #1 OE tire provider in North America"

"2026 consensus estimates indicate a $4.0bn shortfall"

"You cannot do anything—let me repeat—“useful” on it."

"Maybe It's Because They've Heard Him Say this Before"

"~30% of 2014 estimated sales are in emerging markets"

"Retained Earnings + Dividends Per Acre Sold → $1,102"

"Total Estimated Stock Price Appreciation 94% to 153%"

"We See 40% - 50% Downside Risk To BOOT’s Share Price"

"Hess Does Not Want to be Accountable to Shareholders"

"Hess Does Not Want to be Accountable to Shareholders"

"Hess Does Not Want to be Accountable to Shareholders"

"Hess Does Not Want to be Accountable to Shareholders"

"Hess Does Not Want to be Accountable to Shareholders"

"Hess Does Not Want to be Accountable to Shareholders"

"Hess Does Not Want to be Accountable to Shareholders"

"Despite massive industry growth, core EPS has shrunk"

"Management Is Trying to Set as Low a Bar as Possible"

"Management Is Trying to Set as Low a Bar as Possible"

"Management Is Trying to Set as Low a Bar as Possible"

"New Arconic should be able to achieve four key goals"

"2026 consensus estimates indicate a $4.0bn shortfall"

"All are independent of Manager other than Nick Botta"

"...and has also underperformed all the major indices"

"Noble seems to exist solely to borrow and burn cash."

"McDonald's is fundamentally Not a restaurant company"

"1x reduction = ~0.40 of potential incremental EPS(1)"

"Inventories have declined more than same-store sales"

"Inventories have declined more than same-store sales"

"Pershing Square owns approximately 29 million shares"

"The contracts between NQ and YDT are sham contracts."

"フォークリフト事業の統合により、調達最適化、研究開発の効率化、その他業務改善を通じて、利益率の改善が可能"

"Cognizant is viewed as being shareholder-unfriendly."

"HHC is the third or fourth owner of many of its MPCs"

"GCP must renew focus on enhancing the SBM portfolio."

"700bps growth in working capital intensity = ~$725mm"

"Shareholder Nominees Elected With Mandate For Change"

"The analysis suggests a WACC of 7.5% - 9.0% for TWC."

"Can DV’s growth continue while its partners decline?"

"Biggest Sales When International Growth Story Busted"

"Adjustment #3: Wholesale Commissions ≠ Retail Profit"

"3 Of 4 Have Been CEOs/CFOs Of Major Public Companies"

"PPG now trades at a ~5x discount to Sherwin-Williams"

"Shareholder Nominees Elected With Mandate For Change"

"Intuit's brands also seem to be losing market share."

"スコーピオン・キャピタルはレーザーテックが抱えるこの謎について、解答を求めて5ヶ月におよぶ調査を行った。"

"「Fab 4a」という、大規模なクリーンルームの写真を紹して、2023年7月から稼働している、といった。"

"$10 Billion in Misallocated Capital Is A Poor Choice"

"Guess what, these businesses are under pressure too!"

"We See 35% – 50% Downside Risk To ROAD’s Share Price"

"Monthly build-out cadence creates constant "newness""

"Additional upside: Store growth, buybacks, dividends"