Callouts & quotes from 10,384+ activist slides

"“When a company rebrands itself, it’s a chance to shake up the old ways of doing business and introduce a new approach that offers more value to its customers. Unfortunately, Nuvei seems to have missed this opportunity entirely with the switch from the Pivotal Payments brand name.” — Merchantmaverick.com"

"Mr Vogel's LinkedIn profile describes himself as an "entrepreneur" with "18 years' of his career working in the construction industry on multi-billion-dollar infrastructure projects for multinational top-tier contractors located both in Australia and the Pacific region." — Spruce Point Capital Management"

""~11% revenue growth in FY’21, while almost the entirety of the software space is parading the past year as the year of digital transformation acceleration, has left BOX shares at a standstill and is head-scratching as the pandemic should logically be a major tailwind for BOX." — Craig-Hallum, March 2021"

""And I think Tom, it's probably worth mentioning, too, we've been public now for just over 5 years. And each of those 5 years, the unit economics of the new stores have gotten better. And the class of '20 and class of 2021 are the best class of stores we've ever opened." — CFO Lang, GS Conf. Sept 8, 2022"

"We have made significant investments in our associate training and wages over the past few years leading to improved customer service, an essential attribute in this challenging period. We are not playing catch-up with associate wages and are pleased these investments are paying off. — CFO Q1'23 May 2023"

"This [recent cost cutting] move is part of a larger effort to simplify our management structure, speed decision making and reduce costs. We are reallocating our workload and assets in order to invest in areas of higher growth, including online and new launches. — Ann Moore, Chairman and CEO of Publishing"

"DuPont’s inability to deliver on Kullman’s agenda suggests that she needs more help to overcome the 100+ years of history and the inertia that comes with that; Trian can be Kullman’s best ally. For shareowners, Trian’s impact is already very clear. — CLSA “4Q14: Just the outlook” analyst report on DuPont"

"Second, we had favorability of approximately $7 million or $0.02 in relation to reducing the earn out for our Passport acquisition within our SPD business. We are still happy with our entry into the food-safety business and the diversification that it offers our SPD division — CEO Q2 2019 Conference Call"

"Our U.S. Trauma and Extremities business grew 6.7% on a comparable basis with strong growth in our plating products combined with double-digit growth in our upper extremities business. Spine declined 6.6% organically in the U.S., primarily resulting from COVID disruptions to their business. — Stryker CFO"

""Reduce the causes of climate change and support the transition to a low carbon economy by encouraging and enabling the use of low and zero carbon technologies, supporting the development of appropriate renewable energy sources and sustainable and active transport" — County Durham Plan (CDP) Objective 17"

"In Beijing and Shanghai, where Lianjia has established significant market penetration, Lianjia is currently the only real estate brokerage brand with presence on Beike platform to guarantee high-quality customer services and strengthen market-leading positions in these two markets. — BEKE 2020 20-F, p.60"

"Their thinking wasn’t, ‘How do we innovate?’. It was, ‘How do we continue to cut this to the bone so we can sell it for as much as possible?’... ‘How do we play the game of just having enough resources to keep the lights on?’ The hope was, there was going to be one more [flip].” — Former MPLN Executive A"

"IDEMIA, a French security firm, signed a $128m contract with the TSA in 2023 to develop and install CAT-2 facial recognition technology. Today, CAT-2 machines are located in 84 airports nationwide, and will expand to the more than 400 federalized airports over the coming years. — IDEMIA contract with TSA"

"I was a bit shocked at a 5lb gain! — Patient/Caregiver in Vykat discussion group. "even on a lower dose and Lasix she still seemed to have some fluid retention...[she] has been pretty vocal about wanting to stop the Vykat because the swelling hurt her legs." — Patient/Caregiver in Vykat discussion group."

"“there were other sales directors like that, too, absolutely...what would happen is their sales reps would push back, and they would just move that sales rep to somewhere else. I'm not kidding. I saw that happen twice because of what they were doing.” — Ex-field reimbursement manager working with Harmony"

"The design studio represents a test for us, where we will see an opportunity to increase our market share in densely populated, higher-income areas, where we're not able to fit a large-format store. Our research tells us that these are mostly new, untapped customers. — Floor & Decor Q4 2019 Earnings Call"

"Volker is a private company with annual revenues of approximately $100 million in 2010. As previously disclosed, Hill-Rom anticipates the transaction will not have any impact on adjusted earnings per share in fiscal year 2012, but is expected to be accretive thereafter. — Volker Acquisition Press Release"

"“Our investment thesis is simple, we are a team of operators and we’ll build lasting shareholder value through consistent NOI growth” — CEO (BRX first earnings call). “10th consecutive quarter of SS NOI growth in excess of 3.5%. “No other sector peer can make this statement”” — CEO (4Q14 earnings call)."

""I feel stupid, I should have did a little more research." — Powerhome Solar Customer; "The idea and proposal is wonderful, but it doesn't work." — Powerhome Solar Customer; "Everything they tell you is a lie." — Powerhome Solar Customer; "I drank the Kool-Aid, I'm losing it." — Powerhome Solar Customer"

"Local officials in the community in which Riot has staked its financial future recognized the industry's penchant for overpromising jobs, raised alarms around the facility's energy and water use, and determined incentivizing further expansion was "[not] a good investment." — Navarro County Commissioners"

"“We do understand that Cisco has written down its investment. But Cisco is in the equity, which of course is the first thing to go in a troubled telecom situation. We’re in with a fairly sophisticated group of bondholders here and we think there are some interesting recovery possibilities.” — Mr. Walton"

"In the quarter, small-class ASP decreased by 9.9% in USD terms year-over-year. The decrease was mainly caused by significant enrollment contribution from Peiyou online, of which the price is much lower than Peiyou off-line classes. — Echo Yan, Director of Investor Relations, TAL FY2018, Q4 earnings call"

"“over the past four years, we ordered approximately one billion base pairs of synthetic DNA from Twist” — Ginkgo CEO. “20 different companies developing different technologies which have proof of principle...or have the potential to compete quite dramatically with Twist.” — Early and key Twist customer."

"Mike Glover, who has submitted his resignation and will pursue other opportunities. — Blucora Press Release. Severance Payments to Terminated Executives in 2014. Pursuant to their separation agreements, Michael Glover received a $316,000 lump sum severance payment in 2014 — Blucora 2015 Proxy Statement."

""I think we expect to get back in our organic core business back into the 5% to 7% growth range across both of those businesses really driven by net new sales, as Tim talked about earlier in both our capital markets business and wealth management business." — CFO Reese, Q4 2021 Conf Call, April 12, 2021"

"“We have repeatedly commented on the increasing complexity of Burford’s investment transactions, and the Jaguar investment is an example of both investment and accounting complexity – but also an illustration of our success in turning complexity into profit.” — Burford Capital 2017 Annual Report, p. 23."

"It is a single flight which has very limited explanatory power, and it is not in a meaningful amount of dust, in being from an airport in a city environment as compared to Joby’s footage over the desert. A manufacturer would require 100’s or 1,000’s of flights to get a meaningful dataset. — Footnote 143"

"KLA is working on it...NuFlare is working on a tool and ASML has a division where they’re working on a multi-beam inspection tool...which means it has much better throughput compared to the Holon inspection tool. — Longtime, senior semicap equipment executive in Japan who is friendly with Lasertec’s CEO"

"“The transaction provides the ability for stockholders to elect to either monetize their investment or participate in any upside potential with KKR as a committed partner that believes in the growth strategy that the Box Board and management team are executing.” — Company Issued Press Release, May 2021"

""I don't think natural gas will ever go up. Natural gas cost me my job back in 1996. I counted on $5 gas and I got $2. It cost Aubrey McClendon his job, and Tom Ward his job, Doug Miller his job. There's a dozen of us that bet on natural gas and never got a pay-off." — T. Boone Pickens, October 6, 2015"

""...that's the one area of the business [asymptomatic monitoring] that I was never bullish on... screening the whole population for AF only to find out that 70% of your population has it doesn't make sense from a healthcare test perspective. That's asking the wrong question." — Former iRhythm Executive"

"“Despite the positive progress we've seen, we believe our stock is significantly undervalued and represents one of the best opportunities in the market today [...]. Today, we announced another substantial issuer bid for up to $15 million at a price between $17 and $20 per share.” — Mr. Proud, 5/10/2023"

"I have tens of thousands of people selling with us around the market today at -- with the Microsoft Azure team. I have 4,000 professionals selling with us at Google Cloud and Thomas Kurian. I have 12,000 people selling with us in oil gas from Baker Hughes. — CEO Siebel, Needham Conference, Jan 11, 2022"

"“So I was really doing well on the top line, which is great because that’s where you get your bonus. You also get some bonus on the revenue end of it. But I was killing sales plan, but I was burning through cash because, we had way too much inventory when we grand opened.” — Tegus-sourced Store Manager"

"Billing is an absolute nightmare and causing many frustrations with clients - the issue is left on the AM team to chase billing for updates — Glassdoor Review (May 2022). The billing function is understaffed and clients and team members are leaving due to the incompetence — Glassdoor Review (Jan 2022)."

""We of course, not only offer our products, but our biggest product is this business opportunity here. And of course, if you take advantage of the business opportunity, the first thing you want to do is put the mask on yourself. And take advantage of the products that we have to offer." — WFG Recruiter"

"“Sorry, my other question was on CTV. I was really interested that the CTV revenue grew 12%, but overall video grew 26%, which is quite a slowdown in CTV. So could you actually speak to, in more detail, why is video revenue growing so much faster than CTV revenue in the first quarter?” — Analyst Martin"

"“We even have a challenge in R&D in recruiting scientific groups to use these new methods. It partially might be learning a new technology, which is a barrier, but it's also scientists get set in their ways. With flow cytometry, it's an old technology, but it works.” — Bristol Meyers Squibb employee #1"

"Ready for consolidation: Buyouts eye fragmented fertility clinics — Private Equity News. Fertility Inc.: Inside the big business of babymaking — FORTUNE. This Venture Capital Fund Wants to Get You Pregnant — Institutional Investor. Wall Street greed's latest target: fertility clinics — Take on Wall St."

"The 2 legacy companies are functioning as one, and the excitement and the focus demonstrated by our employees has enabled the Flexibles business to simultaneously grow organically and to surpass the synergy targets we originally set for the first 6 months of the year. — CEO Delia Conf Call Feb 11, 2020"

"On March 31, 2015, we completed the acquisition of scil animal care company GmbH ("scil"), a specialty distributor of animal health laboeatory and imaging diagnostic products and services to veterinarians primarily in North America and Europe. scil had annual sales in 2014 of approximately $83 million."

"a lot of centers are using it...the livers are fatty, metabolic syndrome, type 2 diabetes...the livers get replaced with fat...if it stays greater than 20% fat...then the liver doesn't tolerate the transplant very well. — Transplant surgeon and surgical director at a high-volume academic center in Utah"

"“Yeah. There were. At least insulin resistance markers and some of the DEXA scans for body mass, etc., that were collected. And not, I think, because the results were inconclusive or didn't support the final conclusion. They weren't included.” — Ex-Soleno employee #1, key role in clinical trial program"

""The $16 billion GTV number is a PR number. That is anything that is going through Lightspeed. It could be their own payments, integrated payments, residual payments. This is the volume that looks like its being processed, there's no way to say there's money backed up behind it." — Former LSPD Employee"

"“assessed acute arterial hypertension as serious and the causality with pitolisant as possibly related”; “although the event is confounded by methylphenidate, for which increased blood pressure is labeled, an association with (b)(6) cannot be ruled out and is assessed as possible.” — Physician reporter"

"$LSPD is in fake it ‘til you make it mode, where they are cobbling together cruddy & extremely inferior solutions, hiding behind M&A that looks ok to investors FOR NOW. Not 1 investor can show me 10 of their e-comm sites that are fast, awesome looking, & brands everyone knows. — Tall Seller @TallSeller"

"The fan blade, developed with Alcoa, is made of aluminium-lithium alloy and tipped with titanium on the leading edge. Efforts to speed up blade manufacturing have taken longer than expected, leaving Pratt with fewer units than it expected by now, according to people familiar with the process. — Reuters"

"Our headquarters in Hong Kong is located at AGBA Tower, 68 Johnston Road, Wan Chai, Hong Kong, which is situated in one of Hong Kong's prime central business districts. We also owned an office premises located at One Island South, No. 2 Heung Yip Road, Hong Kong for rental purpose. — AGBA's recent 10-K"

"Appraisers, they usually discard the comparable sales method, on the theory that it's hard to find good data, which is a little hard to believe in the solar rooftop market, since most of these same companies make direct sales to consumers. — Interview with Renewable Energy Legal Expert D, October 2021"

"“The number 140 that you see at 0°C - just a little bit of technicalities here - so 4,000 is a normal value. The active specific capacity should be ideally around like 3,500-4,000 because they are using lithium metal and at -30°C, you would have exactly 1%, if that, which is usable.” — Former employee"

"“The number 140 that you see at 0°C - just a little bit of technicalities here - so 4,000 is a normal value. The active specific capacity should be ideally around like 3,500-4,000 because they are using lithium metal and at -30°C, you would have exactly 1%, if that, which is usable.” — Former Employee"

"“To achieve target energy density, QuantumScape needs to stack its single-layer cells in a multi-layer format, which is enclosed within a single battery package. QuantumScape’s battery cell will require over one hundred single-layer battery cells within each battery package.” — QS SEC filing, 11/10/20"

"The best analogy to explain this, as one EP explained to us, is that the most advanced contact mapping system can only return an HD-quality panorama photo composed of images that were separately photographed over a long enough period of time that the disjointedness is noticeable when closely observed."

"I personally stand by and guarantee that the audited financial statements in the reports filed are accurate, and any material connected parties’ transactions have been disclosed in our management discussions and analysis. — Allen Chan, Sino-Forest Chairman / CEO on TRE’s June 14, 2011 conference call."

""Critics have said the updated logo is generic, with some saying it looks like a logo created by a first-year design student." — Advertising Age Magazine, March 17, 2014; "Is Olive Garden's New Logo as Wretched as Everyone Says? Criticism is as unlimited as the breadsticks...." — AdWeek, March 6, 2014"

"As a result of the Mar Cor Business acquisition, the Company recorded an Earn Out asset for $7,824 which represented the fair value of amounts expected to be received back from escrow based on the forecasted achievement of certain sales performance goals at the acquisition date. — Evoqua 10-K and 10-Q"

"“We believe that the presentation of Adjusted Free Cash Flow is relevant and useful to investors because it provides a measure of cash available to pay the principal on our debt and pursue acquisitions of businesses or other strategic investments or uses of capital.” — GTT Q1 2019 SEC Form 10-Q, p. 40"

"“it takes them very long these days” — Founding member of Gen9; “they’re making multiple builds, that’s where you find that they’re losing money on every order” — Founding member of Gen9; “they will order from IDT without hesitation when they need something that IDT can make” — Founding member of Gen9"

""They have even been known to sell technology that has not been invented yet" — Recent reviews; "Sometimes programs are underbid and understaffed" — Recent reviews; "We often find ourselves out of depth (agreeing to contracts with not enough time or money to execute, planning, etc.)" — Recent reviews."

"“I guess, so just the mine grades, we expect and it was part of the budget, we expect the mine grades to stay at around those levels for about another six weeks from now. And then we’ll return those to the Life of Mine plan, which is roughly 2 grams a ton.” — Peter Breese, AKG Q1 2017 conference call."