Callouts & quotes from 10,384+ activist slides

"The main drivers of accretion dilution in the M&A model are i) Purchase Price, ii) Acquisition Currencies, and iii) Synergies. — Financial Modeling Course References"

""It is beyond me, my capability, I was just listening to the doctors of physics explaining to me a qubit and how quantum computing is a real thing." — Kate Arrington"

"The sales reported in this Form 4 were made by a broker, without instruction by the Reporting Person, to satisfy a margin call. — SEC Form 4 Explanation of Responses"

"We agree with management: “the operational measurement of success will be [Pfizer’s] ability to have a constant flow of breakthrough innovation” — Pfizer Management"

"10/24/14 -- VER issues 8K that AFFO had been overstated. The audit committee further concludes that the error had been indentified, but intentionally not corrected."

"“If I were to take a conservative estimate, well over 50% of GFL's 100+ acquisitions I'd characterize as a failure.” — Industry Observer Familiar With GFL In Canada"

"“If I were to take a conservative estimate, well over 50% of GFL’s 100+ acquisitions I’d characterize as a failure.” — Industry Observer Familiar With GFL In Canada"

"Perhaps the most inadvertently revealing statement in the response was John Lazar’s comment that he read the report “knowing there was no smoking gun.” — John Lazar"

"“I thought the menu selection was very large, almost too many options. It is hard to choose when there [are so many] pages to look through.” — Olive Garden customer"

"Autodesk announced an accounting investigation “regarding the Company’s free cash flow and non-GAAP operating margin practices” leading to a delay in its 10K filing"

"“I thought the menu selection was very large, almost too many options. It is hard to choose when there [are so many] pages to look through.” — Olive Garden customer"

"Despite its operational challenges and abysmal shareholder returns, Avantor continues to have significant strategic value, well in excess of current trading prices."

"NMC “has maintained a relatively consistent reimbursement claim rejection rate of around 2.0 per cent. over the periods under review.” — NMC sukuk offering document"

"Softness in Brazil – unique situation – some distractions in distributor leadership re compliance — Tim Ramey (Pivotal Research Group) quoting Herbalife management."

"“What we know is that the data were removed from his computer in Geneva and that this I.T. worker had full access privileges.” — Thierry Ulmann (quoted in Le Temps)"

"LEADING PROXY ADVISORY FIRM ISS RECOMMENDS PHILLIPS 66 SHAREHOLDERS VOTE FOR ALL FOUR OF ELLIOTT’S DIRECTOR NOMINEES — Institutional Shareholder Services Inc. (ISS)"

"Creators lost sight of what their No. 1 objective needed to be. We have to entertain first. It’s not about messages. — Robert A. Iger, CEO & Director, November 2023"

"We recognize revenue at the point in time when we satisfy a performance obligation by transferring promised services to a customer. — Draft Prospectus Sept 22, 2020"

"Congratulations, the Associate Agreement you submitted was approved. You are now an independent associate with World Financial Group Insurance Agency, Inc. (WFGIA)."

"Retail sales represent the gross sales amount reflected on our invoices to our distributors. We do not receive the full retail sales amount. — Herbalife 10-K (2011)"

"University of Michigan medical device cybersecurity research Kevin Fu pointed out that the malicious third party controls the probability distribution of an attack."

"In April 2018, two of the Company's non-U.S. pension plans issued loans totaling $39.6 million (Swiss franc 38 million) to a wholly owned subsidiary of the Company."

"[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"

"「光源も不安定......ソフトウェアのバグはいくつもあります......バックによって偶発的な問題が発生します......重大な欠陥を発見できないことがあります......解像度がとても悪いです......画像処理はとても悪いです」 — TSMCの台湾にあるファブに配属されたレーザーテックの元フィールド・サービス・エンジニア"

""I don't anticipate that you'll see a -- sort of a big acquisition of the size of Wright Medical for a couple of years." — CEO Lobo, Q4 2020 Conf Call, Jan 27, 2021"

"Autodesk announced an accounting investigation “regarding the Company’s free cash flow and non-GAAP operating margin practices” leading to a delay in its 10K filing"

"Creators lost sight of what their No. 1 objective needed to be. We have to entertain first. It’s not about messages. — Robert A. Iger, CEO & Director, November 2023"

"At all relevant times, Mr. Cinta was an undisclosed owner and/or agent of Kingswood. — Case No. 1:21-cv-02279-JPC, US District Court, Southern District of New York."

"「蝋燭のように明滅することがあり、確実な再現性が得られにくいこともありました。」 — 元フィールド・サービス・エンジニア. 「インテルのエンジニアが対応できないほど焦点がぼけていくこともありました」 — 元フィールド・サービス・エンジニア. 「ACTIS A150には……いろんな問題があります」 — 元プロダクト・エンジニア."

"“the metrics I’m held to, as a transplant surgeon, are the number of liver transplants I do...so, I don’t really care about cost.” — Transplant surgeon, Utah center"

"“no good” on efficacy and “issues with the toxicity”: “there were some serious side effects when we tried to increase the dose.” — Longtime scientific leader at GSK"

"“there was really nothing to stop it...there was pressure from management to deliver...the pressure is there.” — Ex-field reimbursement manager working with Harmony"

"Enterprise Value is the value of the core business operations. This value belongs to all investors in the company, both debt and equity. — The Core Technicals Guide"

"“This is where our EV Star being made under Buy America Compliance and having passed Altoona become a significant competitive advantage.” — GreenPower Motor Company"

"Юр. лицо наших гостиниц под брендом ibis и ibis budget – ООО «Чосон», зарегистрировано в РФ, в отношении персональных данных действует в рамках законодательства РФ."

"Figure.2 CAD schematics of the Ushio LDP EUV source (left panel)., and fully assembled and functional source picture (right panel) — Ushio/Intel paper (March 2021)."

"“really struggling about what to do”; “it’s painful, extremely painful” to use Lasertec’s tool; “it would be stupid” to buy more machines. — Anonymous Key Customers"

"EDU: The franchise fee is not quite the same as the few things we just talked about. The franchise fee is about 600,000-800,000 yuan. — New Oriental Representative"

"Presently, investors are not convinced that the company can return to its former glory based on how the stock has been trading of late. — Deutsche Bank, April 2024"

"What a joke! The unit has less than 15 hours total on it. You're product and warranty are garbage and will never get my business again. — Anonymous Customer Review"

"We had extraordinarily good performance in the first quarter of 2016, the best start to the business years since the company was formed in 1990. — Udo Müller (CEO)"

"Our employee growth has grown slower every year since I've been CEO at about half the rate of revenue growth... — Carlos Rodriguez, ADP, CEO, CNBC, August 10, 2017"

"“Battery technologies like Quantumscape, Seeo, and Pellion continue to get better, with leaps in energy density and faster charge times.” — Khosla Ventures website"

"“annual rate [that] will not be less than 90% of the yield of 10 Year Government of Canada Bonds less 1.75%, subject to a minimum of 4%” — Mosten-Manulife Contract"

"Foster et al. "State of Type 1 Diabetes Management and Outcomes from the T1D Exchange in 2016-2018." Diabetes Technology & Therapeutics. Volume 21, Number 2, 2019."

"Presently, investors are not convinced that the company can return to its former glory based on how the stock has been trading of late. — Deutsche Bank, April 2024"

"AMR says, "Our international sales contracts are typically priced FOB at the shipping port from which such coal is delivered and on a metric ton basis." — AMR 10-K"

"In all our decades of investing, we cannot recall a proposed board slate so eminently qualified for the task at hand — Artisan Partners, Top Ten Active Shareholder"

"Presently, investors are not convinced that the company can return to its former glory based on how the stock has been trading of late. — Deutsche Bank, April 2024"

"I didn't see philanthropic endeavors and purpose driven life that had anything other to do with making money. And so I wasn't encouraged by that. — Former Employee"

"「最新のKLA製の光学検査装置は4000万〜5000万ドルで、捜査電子顕微鏡は価格が500万〜700万ドルです。したがって、生産性と稼働率を含めて考えると、光学・電子の組み合わせがレーザーテックの極端紫外線マスク検査装置より安いです」 — 半導体製造装置企業の上席幹部として長年の経験を持ち、レーザーテックのCEOに親しい人物"

"「IRとしてFab 4Aの案内ビデオがほしいと上に働きかけています。しかし、なかなかつくってもらえない。先日、スイスの投資家がFab 4Aを見る目的で、わざわざ日本まで飛んできました。現場を見られないうえに、ビデオさえ観せてもらえないことに相当不満をもったようでした」 — Lasertec IR Representative"

""A company can make mistakes during its development," said Ms. Xu Rong, and from her perspective, the mistakes NQ made were "mistakes of experience." — Ms. Xu Rong"

"“We will continue to be disciplined on our head count and our thoughtful work on this area has helped appreciably on expenses.” — Marissa Mayer, Q315 Earnings Call"

"CFO Rong Luo explained on multiple occasions that a unique aspect of Shunshun's model is that revenue recognition can take up a full year, or longer. — Footnote 63"

"At the JPMorgan Conf, Sept 19, 2023 the CEO said, "With a brand like Fox, when we acquire a Fox, we're not focused on integration in the first year." — Rollins CEO"

""Based on our income and assets for the year ended December 31, 2025, we believe that we may be treated as a PFIC for the preceding taxable year." — POET 2025 20-F"

"Presently, investors are not convinced that the company can return to its former glory based on how the stock has been trading of late. — Deutsche Bank, April 2024"

"The marketing is old-fashioned and lacks innovation, and it seems that other companies are taking market share. — Current Employee via Openwork (December 17, 2024)"

"you have a duty. You have a responsibility. With senior positions comes a responsibility to be able to call out — Dame Amanda Blanc, The Guardian, 16 December 2023"