Callouts & quotes from 10,384+ activist slides

"Shifting to international expansion. International revenue grew by almost 70% last year with APAC revenue growing by 84% and EMEA by 61%, all outpacing the industry and our competitors. International now contributes 26% of our overall direct revenue. — DoubleVerify Earnings Conf Call Q4 2021"

""Based on consideration of the criteria discussed above and the overall financial and operational success of the Company in 2017, the Compensation Committee made the decision to provide a salary merit increase, ranging from 4% to 14.9%, to the Named Executive Officers" — Weis Proxy Statement"

"In 2020, we purchased most of our grain requirements from two suppliers, Bunge Milling, Inc. ("Bunge") and Consolidated Grain and Barge Co. ("CGB"). Our current grain supply contracts with Bunge and CGB expire on December 31, 2021 and December 31, 2023, respectively. — MGPI Former Disclosure"

"“I think the real critical question that if I were in your shoes, the kind of question I would wonder is - would we spend the amount of cash today at Ginkgo that we've spent on R&D credits to get the result that we've gotten?” ... “And the answer sounds like no.” — Senior Genomatica employee"

"“I cannot find any Dentex floss pick. Do you carry them?” — Spruce Point; “Let me check... We only seem to carry the generic brand.” — CVS Sales Associate NY Store; “What about Clear Eyes?” — Spruce Point; “I believe we only carry the generic for that as well.” — CVS Sales Associate NY Store"

""The power of the network effect is important at Clear, and we have aggressively grown the network in travel and beyond. This network is a key value creator for our members, saving them time and bringing them joy in more places." — CEO Last Statement on Network Effect: Q1 2024 on May 8, 2024"

"“Actually this practice of classifying some assets as Level 2. It’s actually - had been adopted by quite a number of Chinese companies listed in the U.S. from our perspective...a number of other companies have also adopted Level 2.... Mainly those are Perfect World, Sina, and Sohu.” — KB Teo"

"“Yeah, they tried to do that with us...TransMedics wanted access to that. And so what they were saying to the OPO's, give me access as if I were your employee. Register me in the system, give me a password; we just want to help you.” — Executive at a West Coast OPO, longtime industry veteran"

"In addition to the manufacturing facilities described above, our other principal facilities include our corporate headquarters in Glendale, California and our divisional offices located in Mentor, Ohio; Hong Kong and Kunshan, China; and Oegstgeest, the Netherlands. — 2019 10-K and 2018 10-K"

"a complex web of permissions from local and federal authorities, often with long approval times [that] may mean that, when an investment [in a base station] is signed off from an operator, it may take well over a year for a site to be made operational. — GSMA, Brasil Mobile Observatory 2012"

""The FreeStyle Libre 2 system is designed to further empower people with diabetes by providing a choice about how they want to use alarms—which can be a valuable feature for a specific group of people managing their diabetes," said Jared Watkin, senior vice president, Diabetes Care, Abbott."

"definitive evidence of the benefit or superiority of any of these techniques [beyond re-isolating the PVs] over the others is lacking...Data on current clinical practice confirm the prevailing uncertainty regarding the best reablation technique. — 2017 Expert Consensus Statement on Ablation"

"“At Phillips 66 we’re all about reliable and predictable value creation for our shareholders.” — Mark Lashier, Phillips 66 Promotional Video, April 17, 2025; “Our leadership is committed to steady, reliable and sector-leading value creation.” — Phillips 66 Soliciting Material, April 7, 2025"

"“At Phillips 66 we’re all about reliable and predictable value creation for our shareholders.” — Mark Lashier, Phillips 66 Promotional Video, April 17, 2025; “Our leadership is committed to steady, reliable and sector-leading value creation.” — Phillips 66 Soliciting Material, April 7, 2025"

""their factory floor for finished goods is full.. a substantial amount of finished goods inventory that’s either not passing [evaluation]" or "customers have deferred shipment"; "literally no space left on their final inspection bays before the equipment ships." — Global Foundries executive"

"We report our financial results as one operating segment. Our consolidated operating results are regularly reviewed by our chief operating decision maker, principally to make decisions about how we allocate our resources and to measure our consolidated operating performance. — Magnite, Inc."

"“How many of you would like to make at least a million dollars a year in income?”; “Be your own boss.”; “The opportunity to earn more than you ever thought possible and make your dreams come true!”; “We went from bankruptcy to being set for life!” — Herbalife Distributor Marketing Materials"

"Nevro claims that the SENZA-RCT data showed ongoing, dramatic back and leg pain reduction at longer intervals of 12 and 24 months versus traditional low-frequency stimulators. A Nevro press release touted the paper's selection by the journal Neurosurgery as its “Top Pain Paper of the Year.”"

"When do you think the FlightWave factor will be up and running? That's a good question. So we are just starting to move in now. We just signed a lease. We hope to have more of a start-up style factory in about 3 or 4 weeks where basically, they're — Thompson (CEO) on December earnings call."

"“people are now saying, are you guys facing the same issues? Am I the only one who’s constantly getting these bombardments of issues left and right without even being notified of these recurring issues or device failures?” — Veteran transplant administrator at Massachusetts General Hospital"

"“the laser source is unstable for the X8, X9 ULTRA”; “it has a lot of software bugs”; “bug is always causing random problems...they cannot find critical defects, or the resolution is very bad...the image processing is very bad.” — Former Lasertec field service engineer at TSMC fab in Taiwan"

"“I have not heard of any A300s actually shipping. I'll just say, through colleagues who have visited, that there are systems on the floor that customers are doing evaluations on, but I don't know of any that have actually shipped to a customer site.” — Longtime executive at Global Foundries"

""TSMC will not consider the A300 or A150 for production. They will only exist in the EPO mask house... TSMC has already purchased six sets of A150. So, they already bought six tools. Six A150 tools. But last year, they also purchased the first A300." — Longtime ex-TSMC procurement executive"

""Payday loans are predatory traps for the many West Virginians facing difficult times," McGraw said. "We will continue to ask the courts to intervene whenever companies refuse to cooperate with our efforts to protect West Virginia citizens." — Darrell McGraw, West Virginia Attorney General"

"“As we look specifically at the first quarter, our results were again very consistent and dependable. A 6% increase in FFO per share to $0.37; 3% same-store NOI growth, the 10th consecutive quarter of growth at 3% or higher” —Chairman, CEO, and President, Scott Peters (1Q15 Earnings Call)."

""We're going to decentralize decision-making ... having an operator-centric culture, where we would push down decision-making into the organization further, trying to unlock some of the entrepreneurial spirit of the people that we have." — Bill Oplinger, CFO, Alcoa Corp., November 16, 2016"

"“...we’re adjusting our executional model against the dynamic of this mainstreaming of online education in a way that meets this new market dynamic. Competition for students has increased. Programs will be slightly smaller than they were in the past.” — TWOU CEO, July 2019 Q2 Earnings Call"

"On the sales side, I want to talk about sales and talk about our leasing activity and our leasing spread... The moods of the retailers, and you've heard this on the other conference calls with our peers, is improving dramatically. — Art Coppola, Chairman & CEO of Macerich, November 5, 2009"

"I would have to go through at least five layers [at Bristol-Myers], whereas I would have to go through three layers at a different company to do the same thing. This would result in the same process taking 4-6 months at Bristol versus 1-2 months at [peers]. — Former Bristol-Myers Executive"

"Due to the competition for high-quality content between video platforms, there is also a clear gap for the pricing of the episodes’ copyrights between the TV station and online network-end. The price of some episodes on the online networks is more than twice that on the TV side. — 36kr.com"

"“...parallel inspections of the same masks...just to make sure there are no defects.” — Japanese semiconductor executive. “TSMC was the first one to adopt the Holon tool...Samsung, Intel, and most of the other customers in the EUV space are also adopting the Holon tool.” — Industry expert."

"Freewheel is the most dominant in my opinion. I view Magnite as challenger, chases deals that are less favorable. Magnite has to convince market they are not a "me too" product. They have to discount to get scale and adoption. Their take rate is less than some. — Anonymous Magnite Customer"

"A lot of his EBITDA, especially on the aggregate side is johnny come lately. A lot of these plants he put up are pretty new. Not a lot of history there. I think it is a very risky move by Construction Partners at that price. — Spruce Point Interview, Industry Expert With Decades Experience"

""The Company reclassified prior year comparative figures in the condensed consolidated statement of cash flows to conform to the current year's presentation....This change in presentation did not have an impact on the Company's financial condition or operating results." — Amcor 10-Q Note 1"

""both XVIVO and TransMedics are going to have serious competition from NRP...I think at least 50% of heart centers will feel very comfortable doing NRP...they're going to split that remaining market right down the middle." — Prominent surgeon, director of leading academic transplant center"

"I was kind of surprised...a lot of that’s driven by the young families that have Facebook. And they’re very active...And they’re much more convinced they’re going to cure this condition in their child’s lifetime. — Trial investigator and physician; one of the leading KOL’s in the PWS field"

"I’ve heard of a delay of shipment of systems to have Lasertec fix some things or engineering changes…they’re holding off near-term shipments until they resolve these quality issues. — Longtime executive at Global Foundries; directly involved with Lasertec and all aspects of mask inspection"

"“I can tell you right off the bat...they haven’t taken any impairments against their balance sheet, so they’re probably over-valuing their inventory far greater than it’s actually worth...a lot of these companies are sitting on so much inventory....” — Senior employee at Marvell Technology"

""Penumbra will cross the line that many won't to get their products in the hands of surgeons." — Neurovascular Products Sales Director 1; "Penumbra is aggressive....At symposiums, they will cover all costs of a nice hotel stay, food, travel, etc." — Neurovascular Products Sales Director 2"

"We believe that PSX' debt levels are already appropriate for their mix of businesses (using 3.5x for midstream, 2.5x for chems, and 1.0x for refining based on peers, we would expect a 2.5x debt/EBITDA target is appropriate which they are already below). — Bank of America, February 7, 2025"

"We believe that PSX' debt levels are already appropriate for their mix of businesses (using 3.5x for midstream, 2.5x for chems, and 1.0x for refining based on peers, we would expect a 2.5x debt/EBITDA target is appropriate which they are already below). — Bank of America, February 7, 2025"

"We shipped products to approximately 2,900, 2,200, and 1,300 customers in fiscal years ended 2021, 2020, and 2019, respectively. Our percentage of revenue from repeat customers were 98%, 97% and 97% for the fiscal years ended 2021, 2020, and 2019, respectively. — Twist 10K filing for 2021"

"For the years ended December 31, 2022, 2021, and 2020, the Company recorded a total of $3.6 million, $3.5 million, and $3.4 million, respectively, for payments made to an affiliated company of Atomic Labs for services performed and costs incurred on behalf of the Company. — HIMS 2022 10-K"

"These condensed consolidated interim financial statements have been prepared on a going concern basis notwithstanding the net current liabilities as at September 30, 2016 because the directors of the Company are of the opinion that based on the unconditional — Huishan 1H17 Interim Results"

"We believe that PSX' debt levels are already appropriate for their mix of businesses (using 3.5x for midstream, 2.5x for chems, and 1.0x for refining based on peers, we would expect a 2.5x debt/EBITDA target is appropriate which they are already below). — Bank of America, February 7, 2025"

"According to the consultant, with experience overseeing all supply chain aspects for multi-billion space programs, concern over the "maturity of engineering" from AST was a key reason as to why his client, a highly qualified and well-resourced machine shop, declined to bid on the project."

"“There’s a piece of information. I know more than I’m telling you, but I can’t tell you everything”; “I knew they had cardiovascular issues”; “I don’t think it was a particularly good compound.” — Longtime senior scientist at Johnson & Johnson, with global leadership roles in neuroscience"

"Limiting director tenure allows new directors to the board to bring fresh perspectives. An excessive tenure is considered to potentially compromise a director's independence...For the US, Canada, Hong Kong, and, Singapore, lengthy tenure is defined as nine or more years. — ISS Guidelines"

"In short, we expect to return in cash about 59% of [the August 5, 2019] market capitalization to our shareholders while at the same time keeping an ownership in a predictable business that generates over 80% of today’s operating income. — NLOK CEO Vincent Pilette, Q1 FY2020 Earnings Call"

"I can tell you that HDDs are still the preferred storage for many of the use cases around long term storage...I don't think that you are going to see us moving to SSDs, even by 2028 or 2029, because of the costs when you're dealing with a lot of data — AI Architect at leading hyperscaler"

"When I first looked at the financials around the IPO time, I could not get comfortable with the EBITDA they were reporting and all the adjustments. It was a maze. It was complex. It was obvious they were working hard to create a picture of a stable EBITDA stream. — Former Xylem Executive"

"“I’m only aware of one, and they were disclosed, and a couple of people in the finance organization had shares in a company that provided calls to customers... There were two people in the finance organization that had worked there and still had some minority stake.” — Ex-Twist executive"

"「レーザーテックはUrashima搭載装置とウシオ製光源の搭載装置について、私たちに性能の比較をさせないよう、隠しています。しかし、Urashima搭載の装置は当社の光源が搭載されている2台のすぐ側にあります。ウシオ搭載の装置の整備作業でいっしょになるレーザーテックのエンジニアは、Urashima搭載の装置の整備にも関わっています。すべては同じレーザーテックのエンジニアがやっています。また、彼らから聞く話で受ける印象としては、先方のダウンタイムは当社のそれと同じほど多い。生産性は基本的に同じようです」 — Intel fab field service engineer"

"We completed the acquisition of OrthoSensor, Inc. (OrthoSensor). OrthoSensor is a leader in the digital evolution of musculoskeletal care and sensor technology for total joint replacement. OrthoSensor is part of our Joint Replacement business within Orthopaedics — Stryker Corp. 2020 10-K"

"But we think the combination of the 2 companies, plus our road map, plus our product strategy, will allow us to break through the pack much like Trade Desk did, and put us in a position to be the dominant independent scaled player on the SSP side. — Magnite CEO, Needham Conf May 19, 2020"

""FTAI is roughly selling 22 CFM[-56] engines (i.e., Narrowbody engines) a quarter. They've sold 82 to date [2024], and they still have some closing before the end of the year... I called all the major [traders], all the big guys... I'm averaging around that 22 a quarter." — Consultant A."

"Core will continue to emphasize execution of its time-proven strategies to produce additional growth internationally and in the natural resource plays of North America, which include the Canadian oil sands, as well as tight-gas sand and gas-shale reservoirs. — Core Lab 2007 Annual Report"

""In the 1980's, half of the patients we implanted with stimulators were for PDN." — High volume Nevro user; "I don't believe anything they say...every Nevro study is the same." — KOL; "I think they're lying." — KOL; "no long term plan there," — Former executives regarding Keith Grossman."

"“any kind of score like that...possible to manipulate it”; “the hair things is really difficult and same with the edema...you’ll never be able to blind that properly”; “that is one thing I would worry about...that’s the side effect that worries me with this drug.” — Trial investigator #6"

"“There's not enough people who are able to get the prescription because it is very expensive... That just seems like an outrageous sum, to be honest, for a drug that's repurposed, it's not necessarily a completely new drug.” — KOL in the PWS field; involved with Soleno’s clinical program"