Callouts & quotes from 26,677+ activist slides

"Inflation is accelerating and is now nearly 6%"

"But in private the story was very different..."

"Unlocking the Full Value of Marathon Petroleum"

"FMCN overstates its LCD screens by nearly 50%."

"Elliott's offer exceeds the median premia paid"

"How does Disney explain ~$8bn of missing EBIT?"

"The business units of TWX should be separated."

"Herbalife is a fantastic Business Opportunity!"

"The equity bears are fighting the bond market."

"CN's return on equity has fallen significantly"

"CFOは説明を回避し、「膠着状態」であり「当社も正確に把握しているわけではない」と返答した。"

"レーザーテックの売上総利益率と当期純利益率は、同社のEBITマージンと同様に驚異的な高さだ。"

"The rational response is to sell, in our view."

"Warning: Revenue Doesn't Add Up: $93.7 v $93.3"

"Hostile actions indicative of an insular board"

"Core’s business is not a secular growth story."

"Realty Income ("O") is a Triple-Net-Lease REIT"

"Bitcoin mining uses a ton of electricity, too."

"花王自身の「リストラ」計画は、根本的な成長課題の解決にはならず、短期的な修正策にすぎません。"

"Management's judgement needs to be questioned."

"How does Disney explain ~$8bn of missing EBIT?"

"WHEN THE TIDE GOES OUT, WHAT WILL WASH ASHORE?"

"レーザーテックが横浜市で開発しているという「レーザーテック・イノベーション・パーク」は詐欺だ"

"レーザーテックが横浜市で開発しているという「レーザーテック・イノベーション・パーク」は詐欺だ"

"I'm not aware of anybody else who can do that."

"Selling 3X faster than next closest competitor"

"MOUs are not definitive commercial agreements."

"Sony to slash smartphone workforce 50% by 2020"

"Operating Ratio (“OR”) of 61% improved 370 bps"

"even mentioned GSX or Gaotu as a top platform."

"How does Disney explain ~$6bn of missing EBIT?"

"Potential to double EPS over the next 5 years"

"Box is still unprofitable after deducting SBC"

"Multiple quarters of Y-o-Y margin contraction"

"Link to resellers: "Compare online prices...""

"Investor Comments Signaled Clearly for Change"

"The process must NOT be led by the President."

"Top 7 CROs control over 80% of the CRO market"

"But most battery researchers don't believe it"

"The Philidor Scandal of 2015 Reminds Us of..."

"Valeant’s business has performed well in 2015"

"Pershing Square owns a 9.7% stake in Allergan"

"Despite 250 "job cuts", headcount grew by 400"

"Vote “AGAINST” Management’s Spin-Out Proposal"

"Meet the new targets; same as the old targets"

"Pursue free cash flow and ROIC, not EBITDA/MT"

"Top 7 CROs control over 80% of the CRO market"

"ROE has deteriorated significantly since 2011"

"The U.S. Consumer is Beginning to Bounce Back"

"In Q3'09, occupancy was up 40bps sequentially"

"+27% upside to fair value at TOB announcement"

"Pietroni: Zero current liabilities at YE 2019"

"At current levels, RBC has significant upside"

"Other corporate costs ... area of opportunity"

"Kratos Three Largest Acquisitions All Tainted"

"業界最高水準の資産を有するが、豊田自動織機の少数株主ではなくトヨタ自動車の利益のために運営"

"Assured Guaranty is one of the few survivors."

"Alas, all good stories must come to an end..."

"We Believe a 30% Revaluation to 6:1 is Likely"

"McDonald's is significantly undervalued today"