Callouts & quotes from 3,339+ activist slides

"We believe Dow Jones is meaningfully undervalued inside of News Corp’s portfolio today."

"As such, we believe its cash collection cycle is at least a month longer then depicted."

"In addition, we strongly believe that PLTK’s shares were indirectly pledged by Mr. Shi."

"We believe that a good time to buy a great business is when it is in temporary trouble"

"We believe Dow Jones is a high-quality business and should garner a premium valuation."

"We believe Autodesk can meaningfully improve its combination of growth + profitability"

"We believe Fluor has significantly less competition in the construction industry today"

"Elliott believes Southwest Airlines (NYSE: LUV) represents the most compelling airline"

"We believe that a good time to buy a great business is when it is in temporary trouble"

"We believe Bristol-Myers can improve returns on R&D through more external partnerships"

"We believe GCP should better integrate marketing into the product development process."

"We believe Fluor has significantly less competition in the construction industry today"

"We believe Dow Jones is a high-quality business and should garner a premium valuation."

"We believe as little as 20% of Aerospace Products volume is true module-swapping work."

"We believe that a good time to buy a great business is when it is in temporary trouble"

"We believe Autodesk can meaningfully improve its combination of growth + profitability"

"We believe Dow Jones is a high-quality business and should garner a premium valuation."

"We believe Dow Jones is a high-quality business and should garner a premium valuation."

"We believe that a good time to buy a great business is when it is in temporary trouble"

"We believe that a good time to buy a great business is when it is in temporary trouble"

"Spruce Point believes that Enfusion's core problems are rooted in growing competition."

"We believe the new administration will successfully reform Fannie and Freddie (cont.)"

"We believe there is opportunity to bridge the valuation gap between Box and its peers"

"We believe there is opportunity to bridge the valuation gap between Box and its peers"

"We do not believe AMT's international business is compatible with its REIT structure."

"Thus, we believe Procept's vision of treating “all prostates” is highly questionable."

"We believe the Board misled shareholders in order to justify their own poor decisions"

"We believe Fluor has a diversified end-market mix spanning several attractive sectors"

"We believe Fluor has a diversified end-market mix spanning several attractive sectors"

"We believe Fluor has a diversified end-market mix spanning several attractive sectors"

"We believe demand for nuclear energy will continue to rise for the foreseeable future"

"We believe the Board misled shareholders in order to justify their own poor decisions"

"We believe Viator has the potential to reach OTA-like margins over the next few years"

"We believe DND’s culture is deeply broken and requires a reconstitution of the Board."

"We believe the new administration will successfully reform Fannie and Freddie (cont.)"

"We believe PF McDonald's would trade at a 37%–52% premium over where it trades today."

"We believe similar opportunities to improve supply chain efficiency exist within SBM."

"We believe Viator has the potential to reach OTA-like margins over the next few years"

"We believe Fluor has a diversified end-market mix spanning several attractive sectors"

"We believe Fluor has a diversified end-market mix spanning several attractive sectors"

"We believe Fluor has a diversified end-market mix spanning several attractive sectors"

"We believe demand for nuclear energy will continue to rise for the foreseeable future"

"In fact, we don’t believe there is a V-shaped recovery – certainly not in oil prices."

"Spruce Point Believes Dollarama (TSX: DOL) Is A “Strong Sell” With ~40% Downside Risk"

"Mr. Icahn believes that the current environment continues to be conducive to activism"

"We believe the new administration will successfully reform Fannie and Freddie (cont.)"

"We believe he goes by Tommy X on LinkedIn where his profile shows he works for AIBOT."

"We believe these new disclosures signal that the take rate will continue to decline."

"We believe the Preferred Financing was done to “buy the vote” and entrench the Board"

"We believe this decision was ill-advised, and shareholders have suffered as a result"

"We believe TMC is an old NMI story repackaged and regurgitated for new US investors."

"Spruce Point Believes WD-40 Is The Exact Opposite Of What A Good Business Looks Like"

"Spruce Point believes current sell-side analyst price targets are wildly optimistic."

"We believe this indicates that Rollins is struggling with its technology management."

"Herbalife adds-back multiple items we believe are true ongoing costs to the business"

"We Believe Limbach Is A Low-Quality Roll-Up With Overstated Organic Growth Potential"

"We believe the primary cause for Sony’s discounted valuation is portfolio complexity"

"Based on our financial analysis we believe that Inteliquent is Sinch's golden goose."

"We believe our investigation’s insights stand in stark contrast to Accor’s promises."

"Here we believe management crossed over from mismanagement into outright misconduct."