Callouts & quotes from 10,384+ activist slides

"A female patient in her mid-30’s who was being treated with an unknown dose of pitolisant “showed signs of psychosis.” — FDA FAERS Case Report"

"“non-cash items increasing Consolidated Net Income” and “any extraordinary, unusual, or non-recurring cash income or gains” — Credit Agreement"

"Es como jugar en una máquina tragamonedas. Ah, una vez que comienzas, siempre piensas que la siguiente ronda será la gran ganadora. — HOMBRE 6"

"enforce sanctions to deter businesses that try to benefit from fake reviews and sanction those that write fake or misleading reviews. — Google"

"“Can Lasertec make you happy?”; “Is Lasertec leading the way for the next 100 years?”; “Can Lasertec outdo itself?” — Lasertec corporate video"

"Interview with Former Tax Equity Buyer at Major Bank, December 2021. NB: RUN Investor Relations estimated an 8-9% return to us. — Footnote 51"

"FLC reduction is paralleled by simultaneous NT-proBNP reduction and clinical improvement — Palladini G et al. Circulation 2003;107:2440-2445."

""rundown strategy is the responsible strategy for both our business and for the world" — CEO Gary Nagle, Investor Update, 2nd December, 2021."

""the specific mechanisms and determinants remain to be elucidated, along with their implications for therapy." — 2017 HRS consensus statement"

""Just had a chance to quickly scan [Marcato's] BDubs deck...the HQ staff is silently cheering" — Former Buffalo Wild Wings Executive, 2/22/17"

"1/12/09: “We have quickly shifted gears to put increased emphasis on maximizing cash and transforming the cost structure.” — Alcoa Management"

"Offline is also very stable. I think their net revenue from the Peiyou small class segment, that was up by 52.4% this quarter. — CFO Rong Luo"

""Sinking ship, resignations every month, extremely poor data infrastructure and processes on Growth team" — Former Employee - Revenue Analyst"

""It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that, you will do things differently." — Warren Buffett"

"ISS has highlighted to shareholders that over a three year period, bottom quartile performance has been rewarded with top quartile pay. — ISS"

"“Our total new client win rate from 2018 to 2020 was 42%” — TaskUs, Inc. / “Our new client win rate from 2017 to 2019 was 36%” — TaskUs, Inc."

"The increase in new life sales was driven by the indexed universal life product line, which is the main Transamerica product marketed by WFG."

"SEC Charges SolarWinds and Chief Information Security Officer with Fraud, Internal Control Failures — U.S. Securities and Exchange Commission"

"「顧客はP2段階において、レーザーテックのバックアップとしてKLA製の装置も備えなければなくなり、非常に迷惑している。激昂しています」。そのうえ、「マスクを洗浄し、その上にペリクルを貼り付ける間にも粒子を放出するのです。逆効果です」 — KLAで極端紫外線マスク検査を担当した元幹部"

"「極端紫外線マスク検査の責任者は、ストレスのためにいつもぴりぴりしていました。私は装置の診断結果について彼に報告する立場でした。先方から目標値を与えられ、その達成に努めましたが、無理がありました。装置については大きな不満を持っていたようです」 — 元フィールド・サービス・エンジニア"

"current evidence does not support IVF as a first-line therapy for unexplained infertility — American Society for Reproductive Medicine (ASRM)"

""the rocket gives you the keys to space. It's critically important, but the big revenue is doing things in space." — Firefly CEO Tom Markusic"

"Overstated Margins from Day One. CoreWeave assumes EBITDA margins hit 80% immediately, a figure a former CoreWeave engineer called “utopian.”"

"The Potential Role of Activating the ATP-Sensitive Potassium Channel in the Treatment of Hyperphagic Obesity — Neil Cowen and Anish Bhatnagar"

"Otherwise healthy 42-year old taken to emergency room within two months of starting Wakix and diagnosed with QT prolongation — Prescriber #15"

"Footnote 7 in HARMONY CTP mentions HARMONY 1 as the inspiration for the “centres” reallocation, also used in HARMONY 1-bis — Scorpion Capital"

""an aircraft of at least 6,000 pounds will be critical to being able to carry economically viable passenger payloads" — Tom Muniz, Archer CTO"

"“a regulated forex broker committed to providing a secure, transparent, and client-focused trading experience.” — 24yield website description"

"The worst is over for this industry. That doesn't mean that we are there and the future is rosy — Marten Pieters, MD & CEO of Vodafone India"

"Why would you accept under the tropics something you would never find acceptable in the West? — President of the Ivorian Chamber of Commerce"

""Debts to related companies mainly consist of cash deposits received from subsidiaries of the Company." — Eurofins 2018 Financial Statements"

"The Group has not set up any factoring or securitization transactions with third parties. — Eurofins Scientific Annual Report 2020, Pg. 189."

"an accounting fiasco that's potentially insolvent and possibly facing a liquidity crunch — Twitter user (referenced in Muddy Waters report)."

"The National Endowment for the Arts released a study in July 2004 that documented the decline in the amount of time Americans spend reading."

""If I started seeing changes, I'd carry my car to the eye doctor's office. That's how on top of your vision you have to be." — Henry Winkler"

"“MSCI has benefited from a first mover advantage in ESG, but that sales engine is slowing and data competition is escalating.” — Morningstar"

"「光源に問題があります」「従来のKLA製のマスク検査装置と比較すると鈍重で、性能も劣ります」「間違いなくレーザーテックにとって大きなリスクです。さまざまな意味で腑に落ちない話です」「だからこそ、顧客は不満を抱き、失望しています」 — Unnamed source/customer"

"“Our capped patients as a percentage of total patients on service was approximately 17.1% as of December 31, 2016.” — INGN 2016 10-K, p. 24."

"anticipate[s] having an update to share about our Classifieds business by the middle of this year — eBay Management (Q4 2019 earnings call)."

"The Planning Permission, correctly interpreted, required “strict accordance” with Approved Plans PDL-08 and PNL-6839. — The Harwood Argument"

"Conclusion The 12-mo results from the Avalon study show the highest degree of pain relief recorded for an SCS system to date. — Avalon Study"

"“fight for the First Amendment protections and freedom of all Americans, protect democracy, and defend capitalism.” — TMTG mission statement"

"“I know of one family, the person got diabetes” — Longtime researcher involved in PWS clinical trials at one of the two key PWS associations"

"We are not satisfied with the technology because the desulfurization rate is lower than what we want. — Panzhihua Iron & Steel ("Pan Steel")"

"According to the EMA, the absolute bioavailability of Pitolisant “has not been determined”. (EMA 2015, p 34). This is the correct statement."

""I am in awe of New Oriental’s success in a marketplace that fractured, that difficult, that competitive," — The Princeton Review’s Kanarek"

"Generally, the veterinary community regards product diversion as unethical. — FTC Staff Report: Competition in the Pet Medications Industry"

"“Meaningful total shareholder return delivered by management’s transformative vision and focused execution since 2009” — Arconic Management"

""The unifying mission or thread of this transformation is really the move to a higher margin product mix." — Kay Meggers, December 14, 2016"

"The biggest challenge that our clients and the industry face headed into 2024 is finding and keeping good talent. — Industry trade magazine"

"“Optoselect chips replace typical well plates” with “thousands of Nanopen chambers which are like wells on a microplate.” — Berkeley Lights"

"[...]価格は依然として全く正当化できない。実際、本日の提示価格である18,800円は、6月3日の当初提示価格である16,300円よりも現在さらに大きなディスカウント水準にあると主張できるし、そうすべきである — CLSA (John Seagrim), 2026年1月14日"

"IT'S COME TO MY ATTENTION THAT OUR SISTER CITY HAS BEEN BORROWING OUR CITY'S CLOTHES WITHOUT EVEN ASKING! — Cartoon character (Comptroller)"

"Muddy Waters struggles to think of a greater form of banality than the standard US-listed Chinese company call with analysts. — Footnote 67"

"For AOL Time Warner, in the long run had they gotten AT&T Broadband, it would have been strategic brilliance. — An analyst at Merrill Lynch"

""Dump it! Oh God! Horrible, Horrible, like Horrible. Even the product is Horrible." — Former Church & Dwight Senior Country Business Leader"

"「当社の競合他社が一旦購入しかけたけれど、あとになって『やっぱり要らない』と言ったから余っているようです。当社がA150を追加で買えば、大きく値下げして売ってもらえる、とのことでした。なんか、1500万〜3000万ドルと言っていたらしい」 — マーベル・テクノロジーの上席従業員"

"「TSMCがレーザーテック製の装置をどれだけうまく生産の流れに導入できているかについてはよくわかりません。しかし、......聞いているかぎり、今のところはあまりうまくいっていないようです」 — 半導体製造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"

"「はい、現時点ではTSMCはレーザーテックについて決して満足していません。生産性に関してです。レーザーテック製の装置は非常に高額だけれど、そのわりに検査作業が遅い。」 — 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"

"「当社の競合他社が一旦購入しかけたけれど、あとになって『やっぱり要らない』と言ったから余っているようです。当社がA150を追加で買えば、大きく値下げして売ってもらえる、とのことでした。なんか、1500万〜3000万ドルと言っていたらしい」 — マーベル・テクノロジーの上席従業員"