Callouts & quotes from 533+ activist slides

"TWC's basic ARPU is expected to grow 13% over the period despite pricing pressure from DBS and the RBOCs."

"The subsequent demotion of the Adubiaso and the Nkran extensions imply their expected economics are poor."

"Management expects to invest the majority of the company's free cash flow in value-creating acquisitions"

"AOL's worldwide subscribers declined 7% in 2004 and are expected to decline 10% and 7% in 2005 and 2006."

"We expect the total value to be about $600 per share, or $150 higher than the current stock price today."

"As a result, the compound annual growth rate of tablet market is expected to be -4.6% from 2017 to 2022."

"Management expects to invest the majority of the company's free cash flow in value-creating acquisitions"

"If we are right, we expect the Taylor Swift benefits from 2023 to become headwinds to comps in H2 2024."

"We believe consensus expectations on revenue growth and Adj. EBITDA margin expansion are not realistic."

"The definition of insanity is doing the same thing over and over again and expecting different results!"

"Celgene set investor expectations that FOURTEEN significant products could launch between 2017 and 2022"

"The definition of insanity is doing the same thing over and over again and expecting different results!"

"The definition of insanity is doing the same thing over and over again and expecting different results!"

"Simon expects to lose less than 2bps of total revenue as the result of rent relief concessions in 2009"

"Simon expects to lose less than 2bps of total revenue as the result of rent relief concessions in 2009"

"What iPref holders should expect is to receive $0.50 a quarter in dividends, every quarter, forever."

"Strong leadership aims to beat and raise expectations. Weak leadership works to lower expectations."

"We know now that the Georgia plant has not performed up to expectations and been a drag on margins."

"Aggressive margin expansion expectations even assuming $140m of cost synergies realized in 3 years"

"Capex significantly above consensus expectations with the peak misforecast in Deloitte's last year"

"The definition of insanity is doing the same thing over and over and expecting different results!"

"Perhaps the only thing more far-fetched than Astra's launch rate is how it expects to hold price."

"In FY24, Disney is expected to have ~90% of Netflix's current LTM revenue... but still lose money"

"Ex. COVID: The Company has missed consensus expectations 7 out of 14 quarters — 50% Success Rate"

"Thank you for having me at this year’s Sohn Conference. Next year, I expect we can do it live..."

"The downgrade reflects slower-than-expected deleveraging following Amcor's acquisition of Bemis."

"The downgrade reflects slower-than-expected deleveraging following Amcor's acquisition of Bemis."

"It apparently won't be fairly easy or fast, as it is expected to take a full year from Q1 2025."

"Publishing is expected to generate steady free cash flow at a conversion rate of 40% of OIBDA."

"Going fwd 2022: "Moving forward, we expect capital expenditures to approximate 3% of revenue.""

"MISSED guidance by $9 billion... and expects further ~$4 billion reduction instead of growth!"

"We would expect to complete an SRG spinoff 12 – 18 months after the Annual Meeting, or sooner"

"We would expect to complete an SRG spinoff 12 – 18 months after the Annual Meeting, or sooner"

"Spruce Point believes that FND investor expectations are wildly optimistic heading into 2025."

"Spruce Point believes that FND investor expectations are wildly optimistic heading into 2025."

"Taking all of this together: we expect Core's earnings to disappoint over the next few years."

"We believe that this merger is a scam and that neither company expects it to actually happen."

"We believe that this merger is a scam and that neither company expects it to actually happen."

"Even without an acquisition and proper execution Citron expects a double out of Blackberry."

"We expect Phillips 66 will continue to trade at the multiple of its lowest-valued segment."

"We expect Phillips 66 will continue to trade at the multiple of its lowest-valued segment."

"AXDX shares are overpriced and we expect will be declining 70% down in the next 6-9 month."

"Turner Networks is expected to contribute the largest share of revenue and OIBDA in 2005."

"HSD penetration at TWC is expected to grow from 48% in 2006 to approximately 64% in 2009."

"Spruce Point warns about DraftKings / Genius Sports And Expectations Being Too Aggressive"

"Every reporting segment has FAILED to grow volume in-line with the Company's expectations"

"Spruce Point warns about DraftKings / Genius Sports And Expectations Being Too Aggressive"

"~60 – 80+% Increase in Marathon Stock Price Expected, $14 – 19 Billion of Value Unlocked"

"We believe this indicates that organic rate base growth is falling behind expectations."

"2015 Core Business Adjusted EBITDA is expected to decline (72%) compared to 2012 levels"

"We believe high Street growth expectations are setting up investors for disappointment."

"Accounting for lower sales expectations highlights the lofty multiples paid by Pfizer."

"Incremental margins are expected to be BELOW Autodesk's adj. operating margin targets!"

"Accounting for lower sales expectations highlights the lofty multiples paid by Pfizer."

"The Company has consistently missed Wall Street analyst and shareholder expectations."

"Having set almost impossible expectations, Red Cat is set to be blown out of the sky."

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"Unsurprisingly, Olapic has performed far worse than shareholders were led to expect."