Callouts & quotes from 26,677+ activist slides

"Dropbox appears very rich on free cash flow basis."

"+¥5,438 per share Since June 2025 pre-announcement"

"TICO deserves a much higher valuation than 1x PBR."

"Only 2 of 7 Temptime executives remain with Zebra."

"Services business model: Stable, recurring revenue"

"We believe upside could exist to accretion targets"

"豊田自動織機は、今後は自社の利益を優先し、許容できるリターンを生まない事業への投資を止めるべきである"

"Notice he doesn't talk about Asia this time around"

"We think this joint venture is unlikely to proceed"

"~20% of all HK bank assets are now on the Mainland"

"Board Diversity is not reflective of Kao Customers"

"III. Pershing's Proposal to McDonald's: McOpCo IPO"

"Who had AI on their HIMS earnings call bingo card?"

"FMCN is run primarily for the benefit of insiders."

"No new biotech traits, of significance, discovered"

"If you repeat it, maybe investors will believe it."

"~$200 Billion of Lost Market Value Since 2021 Peak"

"Implied a share price of ~$60 per share by 2020(1)"

"They pretend that this is a risk-free transaction."

"Also, the figures above are gross, not net income."

"No new biotech traits, of significance, discovered"

"A legitimate $100m business with only 7 followers?"

"Why can’t PERI consistently report search traffic?"

"ASMLが実現したような錫方式の極端紫外線光源を開発することは、レーザーテックにとって不可能だろう。"

"証券取引委員会の提訴は16ページにおよび、半導体業界の不正会計のマニュアルのような内容になっている。"

"この仕組みによって、レーザーテック製の装置の中に、錫の飛沫やデブリの汚れが発生することは間違いない。"

"ウシオ製の光源は1年以上前に取り替えられた。ウシオはそれを伏せようとして、何も問題がないふりをした。"

"KLAのキセノン光源はちゃんと機能します。レーザーテックが採用したウシオ製の錫方式の光源は失敗です。"

"We believe that Mr. Lin was TAL’s proxy at Shujia."

"Macy's OpCo can maintain 95% of its free cash flow"

"Realty Income does not foster an ownership culture"

"We View EHTH as Little More than a Stock Promotion"

"Share Price Entry Point @ 63% Discount through SCT"

"We believe JCP could earn ~$6.00 per share in 2015"

"We need electricity generation and transmission..."

"Plan to close unprofitable stores as leases expire"

"Why is this Transaction Ideally Suited for Target?"

"Autodesk’s Board has failed in each of these areas"

"このことからも、花王の各ブランドは収益源の拡大と分散において大きな制約を抱えていることは明らかです。"

"Qualitatively, we think iPrefs are best for Apple."

"And what happened to the intended margin leverage?"

"Of course, there is a bear case, which is worse..."

"~$200 Billion of Lost Market Value Since 2021 Peak"

"A 49% stake in a loss-making luxury yacht builder."

"この恐るべき事実がばれたら、レーザーテックの極端紫外線神話が崩壊し、株価は暴落したに違いないだろう。"

"Each half a turn of leverage adds 3%+ of accretion"

"Data this basic is only withheld if it is damning."

"Prevnar continues to be a bright spot for Pfizer."

"Recent performance has shown weak top-line trends"

"UNDER PRESSURE AND SENSITIVE TO DECLINING RESULTS"

"Box is clearly seeking to preserve the status quo"

"Fiber capex is >70% of Crown Castle's total capex"

"Over 65% of the US patents have QScores above 70."

"Close to zero sales growth through last two years"

"We believe new people are required to fix Darden!"

"We believe Starboard's slate is better qualified."

"Red annotations added: Advertised space for lease"

"Red annotations added: Advertised space for lease"

"Did Target miss an important opportunity in food?"

"It’s for educational purposes; I would say, only."