Callouts & quotes from 10,384+ activist slides

"「フリープラスは、中国をメインとしたブランドとして今年リブランディングを行った。今後2～3年かけて中国市場での拡大を行い、その後、中国からアセアンに向けた展開を考えている。アジアの一部で展開していくブランドなので、1st RUNNERには入れていない。」 — 2023年9月 花王グループ化粧品・スキンプロテクション事業成長戦略説明会"

"「残念ながら、聞いた話のうち、共有できない内容があります。......それ以上言えません。」 — レーザーテックに近い人物. 「レーザーテック製の装置は信頼性が60%に留まっています。信頼性は不十分です。」 — KLAの元エンジニアリング幹部. 「率直に言えば、儲かるのはマスク工場での稼働です」 — KLAの元エンジニアリング幹部."

"In our view, the Credit Watch has been triggered by the following recent developments that may have an impact on Casino's credit profile — Casino Guichard-Perrachon SA"

"“The drug works in terms of losing weight. I can say that they lost at least 10% of body weight over the course of six months.” — Nephrologist who manages PWS patients"

"he was upset to see the company pull off the market a therapy that...helped many families because a side effect was discovered. — Interviewer (referencing Jeff Aronin)"

"Tower Financing Obligations. During the years ended December 31, 2004 and 2003, Nextel Mexico and Nextel Brazil sold communications towers as follows: — NIHD 2004 10-K"

"GreenPower Motor Company Inc. develops, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. — Yahoo Finance profile"

"We are troubled that former employees have described the co-founders Hasson and Spear as "unethical" and "distrustful", and the culture as "toxic". — Former employees"

"“I know the goal was to get to a max of 7 levels between the [business unit] president and the lowest level... it was maybe 11?” — Former VP of Learning & Performance"

"For the nine months ended March 31, 2002, BLX made a profit after all expenses, including interest and fees to Allied Capital. — Management (May 29th conference call)"

"The Globe and Mail article entitled “Parkland Corp. turned down takeover offer from Sunoco last year amid shareholder dispute,” and dated August 8, 2024. — Footnote 1"

"“the Xiaohulu website has sufficient industry experience and technical resources to become an authoritative live data platform.” — 江海涛、广州虎牙信息科技有限公司网络服务合同纠纷二审民事判决书-启信宝"

"“criminal plan” carried out with the “predictable intention to deceive shareholders or the public” — Tribunal of Milan - Sentence MPS Case RGNR 955/205 - 7 April 2021"

"“We think in order for the story to get back on track that the investor community needs to gain restored trust in the management team.” — Credit Suisse, February 2018"

"“[I]t is often the case that older directors are among the savviest and most skilled board members...” — David Katz and Laura McIntosh, Wachtell, Lipton, Rosen & Katz"

"the Company's publishing division was among the least integrated with TWX's online businesses, especially AOL. — Richard Greenfield, New York Times, December 14, 2005"

""[I]t is often the case that older directors are among the savviest and most skilled board members..." — David Katz and Laura McIntosh, Wachtell, Lipton, Rosen & Katz"

""She tried. It's impossible. It's not her fault" — @jonsteinberg, CEO of DailyMail.com North America on Mayer's efforts to turn Yahoo around on CNBC, October 21, 2015"

"consensus is very similar — Pfizer senior scientist. tricked — Novartis ex-manager. failed purchase — Novartis ex-manager. not worth the hassle — Novartis ex-manager."

"The field is 'very skeptical and rightfully so' — Former BLI Scientist. 'A contamination nightmare' — Former BLI Scientist. 'Absolutely crazy' — Former BLI Scientist."

"“Stryker can’t survive” unless it can fix the problem of unifying over 40 different technology platforms from its acquisition spree. — Former employee in supply chain"

"Bearish tone indicative of increased competitive intensity and a transaction driven by the customer requirements not being satisfied — Spruce Point Capital Management"

"THE COMPANY WOULD LIKE YOU TO BELIEVE THAT 2021, “THE BEST YEAR IN HUNTSMAN’S HISTORY,” IS PROOF THAT MANAGEMENT IS FINALLY DOING A GOOD JOB – PLEASE DON’T BE FOOLED!"

"SaaS includes primarily subscription licenses bundled with managed services, as well as, some term licenses with managed services sold separately. — Verint management"

"SaaS includes primarily subscription licenses bundled with managed services, as well as, some term licenses with managed services sold separately. — Verint Management"

""So the (specialty) cartons business is a little less than 10% of sales now. It's a global business. It's predominantly selling tobacco cartons." — Amcor CEO Response"

"2. Capital Expenditures - Typically about USD 400 million each year, to organically maintain and grow the business, and expand earnings. — Amcor FY 2018 Annual Report"

"In 2018, the University of Georgia (U.S.A.) confirmed in a study that Nodax™ is an effective biodegradable alternative to petrochemical plastics. — Danimer Scientific"

"“I would call him Waleed’s enforcer. He’s someone you wouldn’t be surprised to find out is knee-capping people.” — Transplant surgeon at a high-volume academic center"

"According to leading auto industry research provider, Cox Automotive, it may be several more years before the number of used car sales returns to pre-pandemic levels."

"Pienso que el reclutamiento era definitivamente su objetivo principal. Conseguir gente a tu cargo y construir una pequeña pirámide, o como quieras llamarle. — MUJER 2"

"Insider trading is the trading of a company’s securities by individuals with access to confidential or material nonpublic information about the company. — Cornell law"

"“YOU CAN’T HANDLE THE TRUTH!” — Colonel Jessup; "Events can move from the impossible to the inevitable without ever stopping at the probable." — Alexis de Tocqueville"

"“$32.4 million was allocated to intangible assets pertaining to the in-place lease value, leasing costs, and above market lease value.” — CTO Realty Growth, Inc. 10-K"

"“Orient Paper will focus on middle and high-end products and brands, stick with ‘excellent technology, superior quality and diversified products’” — Orient Paper Inc."

"EDU: First we need to consider your distance to our direct owned school. ... Those teachers who are in charge of the franchise are all out of town on business trips."

"And so we provide these two ways of looking at investment performance and both of them have been consistent for years in policies that we apply. — Burford Management"

"restatements [which] may signal weak internal accounting expertise, poor internal controls and aggressive financial reporting practices at the Company. — Glass Lewis"

"We learned from Muddy Waters that you can only -- in the short-term to a limited extent against false allegations -- We have also already answered this. — Udo Müller"

"The Bolloré group indicted for "corruption" in the African ports case — Europe 1. Vincent Bolloré under formal investigation for suspected bribery — FINANCIAL TIMES."

"“There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” — Sam Walton"

"“The market is implying that the underlying assets are worth far less under ACAS management than they would be on a stand-alone basis.” — Wells Fargo, August 7, 2015"

"“There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” — Sam Walton"

"reorganizations we were going through in Indonesia relating to some of our mining activities. — Bloomberg final transcript, Q3 2011 Earnings Call, November 9th 2011."

"An attorney from a leading PRC law firm that is highly experienced in working with VIEs said that he and his partners had never seen any private — Anonymous Attorney"

"Our directors are not permitted to serve on more than four additional public company boards without the approval of the Board of Directors. — Samsara Proxy Statement"

"Refer to RINO's SAIC Financial Statements Show 2009 Revenue of $11 million in which we show the 2009 SAIC income statement for Innomind, which shows no 2009 revenue."

"The University of California does not endorse specific products or services as a matter of policy — Footnote in Herbalife Independent Distributor Presentation (2007)"

"a cybersecurity vulnerability might impact all of the medical devices in a manufacturer's portfolio based on how their products are developed... — FDA Draft Guidance"

"the allowances for credit losses, amount of charge-offs recorded, and amount of recoveries on term loans to small businesses were not material. — Intuit FY 2024 10-K"

"The valuation has been substantially and mainly based upon the information supplied to us by Lianeo. — Vivion Investments, €300 million bond prospectus, October 2019"

"“Burford also has a strong cash position, with approximately $400 million in cash and cash equivalents on hand presently.” — Response to Short Attack, August 8, 2019"

"「アクティニックの検査装置は1台につき、光源、チャンバー、諸々の部品を整備するために、少なくとも4名の熟練のフィールド・サービス・エンジニアを配備しなければいけません」 — 半導体製造装置業界に20年以上の経験があり、レーザーテックの元プロダクト・エンジニア、3大半導体装置メーカーの1社で極端紫外線の部隊に参画した経験のある人物"

"「非常に複雑な構造でとてもとても高価です。購入価格は数百ドルでなくて、『数百万ドル』。もうひとつの問題で、もっと重要なのは、圧力をかけたあと、吸い戻すことです。そもそも光学系の空洞に粒子を放出するわけです。レーザーテック製の装置においては、それが最大の粒子の発生源となっています」 — KLAで極端紫外線マスク検査を担当した元幹部"

"「TSMCの基準で性能を向上するように、レーザーテックを説得することです。性能を変えるように働きかけています。『品質を下げてもいいから、検査数を増やしてくれ』というふうに」。しかし、「結局、堂々巡りの交渉になります」。 — TSMCの元幹部で長年購買の責任者を務め、同社へレーザーテック製の検査装置の導入を担当した人物、現大学教員"

"“And no finished goods in there, right?” The IR rep replied “No. All work in process.” while smiling with a knowing wink. — Local consultant meeting with Lasertec IR"

"The Financial Times December 20, 2019 report on NMC’s attempted off-balance sheet debt financing hints at hidden debt secured by share pledges. — The Financial Times"

"「花王の経営陣は成長に対してアレルギーがある。中期経営計画『K27』では、ヘルス＆ビューティーケア事業や同社の化粧品ブランドを通じて実現可能な大きな成長機会について十分に取り上げていません。成長意欲が欠落しており、花王の経営陣には事業成長に対するアレルギーがあるように見えて仕方ありません。」 — Oasis Management"

"I'd say it if it were a stand-alone company, Frito-Lay North America might well be the best consumer products company — Indra Nooyi, Q2 2011 Earnings Call, 7/21/2011"

"Table 4 (excerpts) :Deaths in the Pitolisant Development Program (All Indications) by 120-Day Safety Update, FDA CDER Clinical Review (Solages, Sep 28, 2020), p10-11"