Callouts & quotes from 363+ activist slides

"Poor operating margins and pension mismanagement have led to negative cash flow over the last 6 years"

"The stock is currently trading above consensus targets which we believe make it a poor risk / reward."

"Poor capital management needlessly harming shareholders, or further evidence of capital constraints?"

"Poor performance is even more remarkable given broader industry tailwinds that have benefited peers"

"TWX has further eroded the strategic competitiveness of its businesses through poor deal execution."

"Compared to Darden’s poor 7.4% LTM fully-leased EBITDA margin, Red Lobster standalone is even worse"

"Is poor supply chain management the reason SBM has had nonexistent market share in Latin America?"

"Continued operational mismanagement and poor messaging have caused investors to lose confidence"

"We Believe Heska is Poorly Positioned, And Our Analysis Contradicts Heska’s Market Share Claims"

"it shows a pattern of poor and deteriorating results well below management's long-term target."

"Poor Total Shareholder Returns reflect... Poor Operating Results which are a consequence of..."

"Even the bullish analysts see 2U shares as near fully valued, representing a poor risk/reward."

"Analysts see GLOB shares as fully valued, representing a poor risk/reward at the current level"

"From FY17 - FY21, Bob Iger received $216mm(1) in total compensation despite Disney’s poor TSR"

"Phillips 66 has destroyed investor value through its poor execution of the Rodeo conversion."

"Mid-year compensation adjustments are extremely rare and reflect poor compensation practices"

"Prior to our involvement, stockholders were frustrated with Box’s poor profitability levels"

"We believe Aquablation competes poorly with UroLift unless resective actions are indicated."

"CP's low profitability and poor asset utilization result in low returns on invested capital"

"Gray Oak pipeline faced cost overruns of ~$700mm, demonstrating poor development execution"

"Putting “very poor quality” organs on the device, while admitting it doesn’t improve them"

"Poor clinical results leave CareDx open to significant regulatory and competitive risks."

"Wall Street analysts have repeatedly highlighted Huntsman’s poor operational execution."

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

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

"Disney's lack of accountability for poor decisions made in the past is disappointing"

"HQ-CT is a poor endpoint that “doesn’t really reflect the behaviors” of PWS patients"

"We believe Olive Garden's poor execution leaves customers consistently disappointed"

"We believe Olive Garden’s poor execution leaves customers consistently disappointed"

"We Find That HIMS Has A Poor Track Record of Delivering On New Growth Opportunities"

"Despite poor performance, executives continue to be paid well above target levels"

"PBH has poor revenue disclosure practices and fails to disclose pricing or volume"

"Despite poor performance, executives continue to be paid well above target levels"

"Spruce Point believes Aegon's shares present a poor risk / reward for investors."

"Poor stock price performance in recent years seem to be largely self-inflicted."

"Clear Eyes products are intermingled with competitors with poor shelf placement"

"Box made a poor product strategy decision to co-develop a key product offering"

"Kao's Curél and Freeplus brands displayed with poor shelf space and no signage"

"Wix’s valuation discount is largely due to its poor operational performance."

"Poor shareholder returns, persistent undervaluation and governance concerns"

"We are short BUR because it is a poor business masquerading as a great one."

"AST is bleeding cash and execution has been absurdly poor, even for a SPAC."

"Agrium's poorly executed buyback illustrates key deficiencies on its board"

"Poor execution has caused stock price degradation over the past 12 months"

""Incremental regulatory costs" vs. Buffer for poor Management execution?"

"ACAS' net return to shareholders has been poor compared to other BDCs"

"Defining "client" by referencing related clients is a poor definition"

"We believe Leidos’ shares represent an incredibly poor risk / reward."

"Poor Operating Results + Bad Capital Allocation = Value Destruction"

"Ms. Egan has a track record of endorsing poor governance practices."

"To the extent RINO has a reputation among steel mills, it is poor"

"Kao's Curél brand displayed with poor shelf space and no signage"

"Unfortunately P&G's M&A track-record has historically been poor"

"Hong Kong’s rich-poor gap is Asia’s widest according to UN data"

"Poor asset utilization -> unnecessary capex & increased opex"

"Box has suffered from poor operating performance for years"

"Have similarly situated businesses performed as poorly?"

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

"Masking Poor Organic Growth With Destructive M&A?"

"The Board Has Enabled Poor Corporate Governance"