Callouts & quotes from 533+ activist slides

"Despite positive progress, Platform trades at discount to its publicly-traded segment peers and private market transaction values"

"Furthermore, despite a significantly larger revenue base, management’s visibility into the business has been severely impaired."

"Despite having a Clawback Policy, Rollins has made no reference to enforcing it against the former CFO or any other executives."

"Despite years of claiming that mass production capabilities are imminent, Red Cat’s manufacturing capacity is likely undersized"

"Up to four-fold change in plasma levels at 90% confidence interval in poor CYP2D6 metabolizers despite only testing 3 patients"

"Nine consecutive quarters of double-digit EPS growth, every quarter since Seifi became CEO, despite significant f/x headwinds"

"Despite being more than twice the size of the 2nd biggest peer and ~7x the peer average, Darden is among the least efficient."

"Nine consecutive quarters of double-digit EPS growth, every quarter since Seifi became CEO, despite significant f/x headwinds"

"Despite this fact, GSX's stock has been outperforming its major competitors by a large margin. There is clearly a disconnect."

"Really! "Generally" assumed margins will go up despite the fact they've consistently gone down since the acquisition closed."

"Despite a widespread bullish tone among analysts, the average sell-side price target offers little upside to current levels."

"WSP trades at the highest valuation among its global peer group despite clear evidence of business and financial challenges."

"Importantly, we note that Carvana makes no mention of Garcia II’s background despite his status as controlling shareholder."

"Investors continue to ascribe an irrational valuation to Mercury despite its below average growth and poor cash conversion."

"Despite this disparity in metrics, SNAP short interest is 21% of float compared to 4.7% for Twitter and 1.2% for Facebook."

"Despite high AUV and ~4.5x the scale of peers on average, Darden’s operating performance is significantly worse than peers"

"Despite high AUV and ~4.5x the scale of peers on average, Darden’s operating performance is significantly worse than peers"

"Despite high AUV and ~4.5x the scale of peers on average, Darden’s operating performance is significantly worse than peers"

"Despite high AUV and ~4.5x the scale of peers on average, Darden’s operating performance is significantly worse than peers"

"Despite being a C-Corp and lacking the tax advantages of a REIT, PF McDonald’s has several superior credit characteristics"

"Despite rhetoric about "moving faster and with a greater sense of speed and urgency", new targets imply business as usual"

"BILL trades as a significant discount to peers despite peer level growth and significant opportunity for margin expansion"

"In 3 of the last 5 years, John Hess has ranked in the Top 25 Highest Paid CEOs... despite underperforming peers by (55%)"

"Despite its tenant exposure, Realty income has outperformed the U.S. real estate index (1) by ~35% since January 1, 2008"

"Spruce Point warns that despite the CEO's bullish tone around Off Grid, we believe the deal has been a failure to date."

"Display revenue has declined despite approximately $900 million of acquisitions and investments to grow this business."

"Nuvei just removed China as a key location despite boasting of the importance in growing globally with its customers."

"SNAP is now trading at its largest-ever discount to social media peers despite generating the fastest revenue growth."

"Despite his credibility in leading TIM and impressive early performance, Vivendi is working hard against TIM new CEO"

"Top executives paid almost $50m over past 3 years despite 70%+ underperformance of SE share price versus comparables"

"ADP's adjusted gross margins(1) are significantly lower than competitors despite ADP's significant scale advantages"

"Globant has the highest valuation amongst its two closest peers (Luxoft and EPAM) despite a weaker business profile"

"2013 Constant Currency EPS Growth, Normalized For Tax, is Below Peers and Long-Term Guidance (Despite 2012 Reset)"

"Despite weak operating performance, robust multiple expansion drove significant share price appreciation in 2015"

"Despite an adverse Supreme Court ruling in June, we believe Fannie and Freddie remain valuable perpetual options"

"Despite high AUVs and industry leading revenue, Darden's operating performance is significantly worse than peers"

"Despite high AUVs and industry leading revenue, Darden's operating performance is significantly worse than peers"

"Despite high AUVs and industry leading revenue, Darden's operating performance is significantly worse than peers"

"Despite high AUVs and industry leading revenue, Darden’s operating performance is significantly worse than peers"

"Despite weak operating performance, robust multiple expansion drove significant share price appreciation in 2015"

"Revenue estimates crept higher despite Florida awards declining and estimates just increased after the LSP deal"

"Despite increasing investments in Sales and Marketing, BMC has failed to generate meaningful ESM revenue growth"

"Despite starting from a lower base, Kao’s growth target for Curél through to 2027 (8% revenue CAGR) lags peers."

"SP believes that the HDM backlog and growth is heavily predicated on China, despite select other opportunities"

"Coming in under capex guidance allows Hill-Rom to hit (implied) FY17 FCF guidance despite significant OCF miss"

"DJ G&P rates can be ~2x greater than Permian G&P rates, allowing for high FCF generation despite lower growth"

"Despite capital expenditures continuing to grow on both an absolute and relative basis, revenue has declined."

"Despite significant core capital generation, State Street's share count has increased ~50% since January 2007"

"Management avoids the question of new product performance despite having a risk factor regarding new products"

"WWW's margin target is only 100bps lower than Deckers' despite having a gross margin that is over 800bp lower"

"GoDaddy's margins are significantly below its peer group, despite having a similar business model and scale."

"Despite the dispositions of SCPs and GGO assets, PF GGP’s net operating income will be relatively unaffected"

"Despite recent weakness, large-cap multi-industrials have historically traded at ~13% premium to the S&P 500"

"Despite Aggressive Monetization And Continuous Acquisitions, PLTK Is Unable To Effectively Grow Its Top Line"

"Despite Years of Press Releases, Still Limited Committed Customers: Caught Between A Rock And A Hard Place?"

"Disney has underperformed almost all its peers despite having best-in-class parks and entertainment assets."

"The Board refused to use a universal proxy card, despite widely being accepted as governance best practice."

"Disney has underperformed almost all its peers despite having best-in-class parks and entertainment assets."

"Agilent’s margins are significantly below its closest peer, Waters, despite being more than twice its size"

"Despite claims of “cost optimization” programs, Box has not been able to deliver gross margin improvements"