Callouts & quotes from 10,384+ activist slides

""Between spaces completed since 2020 and what's still in the pipeline, the [Austin] office market will grow nearly 25% – the fastest rate on the continent...Roughly 87% of new office space is expected to open vacant, according to data from Cushman & Wakefield." — Cushman & Wakefield"

"“Beyoncé’s chart-topping album can provide a same-store sales bump and help lasso in women shoppers at Boot Barn, said Williams Trading analyst Sam Poser. He upgraded his rating on the California-based retailer to buy on Thursday and raised his price target by $33 to $113...” — CNBC"

"“Everybody knows. Fujian companies are all like this. To put it directly, we call this a “left hand-right hand” relationship. The ListCo is the right hand, and these subsidiaries, a lot of subsidiaries are not in the ListCo’s system, and they’re equivalent to the left hand.” — Mr. C"

"A Deutsche Bank analyst note dated April 27, 2018, reports that the pricing discount of the Peiyou online business is c.30%. A Jefferies analyst note, also dated April 27, 2018, reports that the pricing discount of the Peiyou online business is still 40%. — Deutsche Bank / Jefferies"

"So as much as I would like to talk about that deal with Raytheon on that particular transaction, I don't know anything about it. And we can somehow hold the session to talk about it. How big is the opportunity in defense and Intel, it's freaking huge. — CEO Siebel, Q3 2021 Conf Call"

"Everything we do starts with great products; and all our products start with proven science. Herbalife is dedicated to developing innovative, effective products that comply with the highest research, development and manufacturing standards in the industry. — Herbalife Website (2012)"

"We have also experienced instances of our competitors marketing products with similar appearances and similar model names to some of our products. Competition of this nature may increase in the markets in which we operate and may develop in new markets. — Caesarstone Ltd. SEC Filing"

"We believe Bill.com's SaaS technology is best-in-class, early in its adoption cycle with a very lightly penetrated TAM, and poised to sustain above-SaaS-industry-average growth as it executes on the SMB adoption of SaaS technology to automate the back office. — Oppenheimer (10/1/25)"

"Finally, the fourth major trend deals with the use of big data, neural networks related to machine learning, artificial intelligence and data analytics to increase our clients' efficiency and reduce cost in evaluating their reservoirs. — Core CEO David Demshur, Q1 2017 earnings call"

"“A recession is when you have to tighten your belt; depression is when you have no belt to tighten. When you've lost your trousers - you're in the airline business.” — Sir Adam Thomson, Founder and Chairman of British Caledonian, one of Britain's most successful independent airlines"

"Tellingly, when Garcia was asked point blank whether there was improvement in the GPU of the “vehicles themselves” rather than a one-time pop to its financing arm’s GPU, Garcia demurred from offering further color, and apologized for being “immediately evasive.” — Kerrisdale Capital"

""is not a good idea" — David Katz, Wachtell, Lipton, Rosen & Katz; "the whole idea is you are trying to draw a sharp line in the sand that people aren't going to go over, so you need to have clarity not ambiguity in these types of pills." — David Katz, Wachtell, Lipton, Rosen & Katz"

"“...if you have hyperglycemia and diabetes, and you have edema and heart failure, and I do believe there were a couple of patients hospitalized with heart failure just to reduce appetite, it may not be a risk worth taking.” — Ex-Soleno employee #1, key role in clinical trial program"

"“Yes, yes, yes.” — Trial investigator, key opinion leader for PWS; “I actually thought it probably wouldn’t be approved. I thought they would be much tougher. And I think there was a very powerful campaign [by associations/families].” — Trial investigator, key opinion leader for PWS"

"Several have denied it. If I was to say 15, three approved it, I would probably say six denied it. And four have said premature to approve or deny. — Pediatric endocrinologist, leads one of the largest PWS clinics in US with 30-40 patients; 11 endocrinologists, major academic center"

"It is confounding that the Board would be willing to pay such a high price for Mr. Orr - who we believe is a less qualified COO candidate - when it refused to even engage with our proposed COO, a candidate who produced best-in-class operating metrics and network efficiencies at CSX."

"“Net Asset Value” shall mean, as of any date of determination with respect to any Person, (a) the total assets of such Person minus (b) the total liabilities of such Person in each case, as such amount would, in conformity with GAAP, be set forth on the balance sheet of such Person."

"Overmatured market -every loan officer has been called on in the state of Texas and most of them will never do business with Goosehead again because at some point the ball was dropped, their agent quit, or because we keep on calling them. — Glassdoor review from Texas-based employee"

"Хотел бы уточнить о возможности размещения четырех сирот из ДНР в вашем отеле 22-27 марта 2026 г. Только вот вывезли их из освобожд Милые девочки возрастом 14-17 лет. Красотки! У всех удочерение на финальном этапе, их уже ожидают семьи. С каждым ребенком будет — Sender of the email."

"These record top-line results are not translating to record profitability, nor the Southwest standard of profitability levels (i.e., Southwest was once a profit leader) ... [Southwest’s margins are] roughly 1,000 basis points below the industry leader. — Deutsche Bank, October 2023"

"“Disingenuous” — Referenced in a 2016 email regarding Chairman and CEO Christopher Franklin. “Financial Expert” — Title given to Audit Chairman Lee C. Stewart. “fraud” and having “many characteristics of a Ponzi scheme” — Bankruptcy trustee description of Fletcher Asset Management."

"“...if they need to hit a number to show a sale, they will force the distributor ..They'll make a deal. They'll cut a deal with the distributor and they'll convert that inventory to distributor owned inventory to show that they met their numbers for the quarter” — A Former Employee"

"For the stock market speculators interested in enriching themselves through manipulation, information arbitrage and a “zero sum” gain, all at the expense of our investors, I am certain that their actions will ultimately catch up with them. — Zheng Cheng, Chairman, CEO and President"

"“Is this a one-time thing, a ten-times thing, or an every time thing? That's unclear. So, you're not sure how many times they had to test until they could get that type of result to put out there. Who knows if the battery can really do that every single time.” — Former R&D employee"

"In 2024, Tecovas will open its first store in the Northeast and two stores in California as well as other locations, Lafitte said. The company has grown from about $1 million in net sales in its first year to more than $200 million in annual net sales, Lafitte said. — David Lafitte"

"These record top-line results are not translating to record profitability, nor the Southwest standard of profitability levels (i.e., Southwest was once a profit leader) ... [Southwest’s margins are] roughly 1,000 basis points below the industry leader. — Deutsche Bank, October 2023"

"A former Camden County, New Jersey, man today admitted perpetrating a long-running scheme to defraud the U.S. Treasury Department of millions of dollars by falsely claiming federal rebates for solar panels his company never installed. — U.S. Attorney's Office District of New Jersey"

"“you put a lot more money into just 9 cents a base pair”; “we found it really hard to make money.”; “investors are subsidizing”; “$20 bill”; “to be honest with you, I’ve never understood.” — Longtime oligo manufacturing expert and executive; ex-Agilent / Ex-senior executive of Gen9"

""Japanese skincare is very hot right now. There is a lot of demand in the UK market for these products – the perception is Japanese products are highly innovative with very good technology." — Former Unilever Prestige Cosmetics Division Brand Director, Oasis interview November 2023"

"These record top-line results are not translating to record profitability, nor the Southwest standard of profitability levels (i.e., Southwest was once a profit leader) ... [Southwest’s margins are] roughly 1,000 basis points below the industry leader. — Deutsche Bank, October 2023"

"Just to talk about Tour Water. I think most of you saw some of the cans here today. We have decided to take the Tour Water brand. It's going through our beer distribution network, which is the CANarchy network. It's sort of -- we think it's very opportune. — CEO Sacks, Jan 16, 2024"

"“To create sales amidst adversities, we shifted from traditional price war to precise marketing by differentiation, and later on to the new model of 'Internet +', which led to a sales miracle of our liquid milk in the sluggish market of dairy products.” — Huishan 2016 Annual Report"

"By 1995, we had reached a point where HBO wasn't going to grow as it had until then. We wanted to be a company that did things differently. But by that time, we weren't anymore the company we were pretending to be. If we want to differentiate ourselves — Chris Albrecht, CEO of HBO."

"The SEC alleges that when the fraud was finally revealed, Satyam's then-Chairman, B. Ramalinga Raju, declared that maintaining Satyam's inflated revenues and profits "was like riding a tiger, not knowing how to get off without being eaten." — SEC Charges Satyam with Financial Fraud"

"These record top-line results are not translating to record profitability, nor the Southwest standard of profitability levels (i.e., Southwest was once a profit leader) ... [Southwest’s margins are] roughly 1,000 basis points below the industry leader. — Deutsche Bank, October 2023"

"When I look at this AST spacecraft [BW3], I don't see this as a spacecraft that is going to function well because it's going to start overheating...so you can't have it on for very long and so at that point, what are you proving? — Former Senior Spacecraft Systems Engineer, OneWeb."

"Talking to some of the study people, they really only see the effects of the 4 to 6 months on the drug...that's what I was told just to really see the effects, which is a little unusual compared to the data. — Division Chief for pediatric endocrinology at a major NE academic center"

"Management previously noted receiving initial orders for the Allegro from Asia and Latin America, and continues to believe Asia represents a particularly intriguing opportunity, adding to demand from North America and Europe that existed exiting 2015. — Stifel Research: Aug 3, 2016"

"No, the acquirer cannot achieve all of the synergies in Year 1. That's because the post-transaction integration takes time to execute. The integration could take several years. As a result, it is uncommon for the acquirer to achieve 100% of synergies in the first year. — 10X EBITDA"

"“the big pancake motor, it's outside the realm of most motor manufacturing processes, but adding a gearbox and shrinking down the motor gets us back in the realm so it really opens up the supply base” — Archer Open House Presentation by Alan Tepe, Archer Manager of Inverter Design."

""Penumbra makes great catheters, and they're effective for intracranial work for doing thrombectomy as a standalone device or as an adjuvant device," — Donald Heck, MD (Novant Health, Winston-Salem, NC). "In this space, people end up using what they're comfortable with," — Jadhav."

"The appointment of director candidates, the nomination or removal of the representative director and executive directors, and decisions on the responsibilities of managing directors shall be based on a motion submitted by the Company president. — Keisei Corporate Governance Report"

"In addition, during the two-year period prior to the date of its opinion, Evercore and its affiliates have advised / provided financial advisory or other services to Veritas for which Evercore received fees, in the aggregate, of approximately $75 million — Company's Schedule 14D-9"

"“AS OTHERS HAVE MERGED INTO MEGACOMPANIES, WE ARE BECOMING MORE STREAMLINED AND FOCUSED. AS OTHERS HAVE BROADENED THEIR PORTFOLIOS, WE ARE FOCUSING ON SELECT AREAS OF MEDICAL NEED.” — JIM CORNELIUS, FORMER BRISTOL-MYERS CHAIRMAN & CEO AND CREATOR OF THE “STRING OF PEARLS” STRATEGY"

"For HIMS and other telemedicine companies, by law, they can't force somebody to fill the prescription at their partner pharmacy. Technically if somebody requested to fill at their local pharmacy, then we would have to honor that. — Spruce Point Interview With Former HIMS Physician"

"I don't want to sound snide, but those are just marketing ploys more than anything. None of those facilities are overly interested in us sending or referring patients...I'm not sure [referrals] were even tracked, and if they were, they were inconsequential. — Former HIMS Executive"

"Each party in breach of the Contract, despite that the other Party demands correction, does not correct the breach yet within 30 days since receiving the exigent. The other Party may give a notice of termination to terminate the Contract. — Article 10 (Termination of the Contract)"

"Given the nature of our business, our research and development activities are very minimal and focused on developing products and improving processes that will drive growth or otherwise add value to our core business operations and create value for our customers. — Bunge 2025 10-K"

"“... Amongst the customers, women represent about half” — President Hasebe, Meeting with Oasis, June 2024. “A disproportionate number of our consumers are women (...) the company heavily markets its products [to women]” — Jon Moeller, CEO, P&G – Cincinnati Enquirer, February 2024."

""displayed hepatoxicity." — Jean-Charles Schwartz (2010 paper). "which had to be abandoned after toxicity tests performed by Bioprojet." — Jean-Charles Schwartz (2010 paper). "drug companies remained essentially uninterested in this research." — Jean-Charles Schwartz (2010 paper)."

"“the development and druggability of tiprolisant (BF2.649) has been questioned, since it had limited oral bioavailability, was a potent inhibitor of CYP2D6 and hERG, and also had a high potential for inducing phospholipidosis….” — 2010 review paper on H3 receptor compound programs"

"Development of a New Class of Nonimidazole Histamine H3 Receptor Ligands with Combined Inhibitory Histamine N-Methyltransferase Activity — Joachim Apelt, Xavier Ligneau, Heinz H. Pertz, Jean-Michel Arrang, C. Robin Ganellin, Jean-Charles Schwartz, Walter Schunack and Holger Stark."

"On November 29, 2021, two new directors, Mr. Ning Ding and Mr. Shucai Song joined the board of PSM-ZJK. Together the existing director Mr. TAN EL PAN EDDY, there were three directors on the board, of which, two are nominated by BULTEN Wuxi, one is nominated by Zhongjinke Shenzhen."

"swift-financeltd.com has recently come under fire for operating as an unlicensed and fraudulent online trading platform. Marketed as a legitimate broker, this website is in fact part of an elaborate scam that targets especially inexperienced and novice traders. — Forexbrandreviews"

"If personnel of a private entity knowingly provided accommodation or related services that potentially materially assisted the unlawful transfer of children, individual criminal responsibility could arise depending on the evidence of knowledge and contribution. — Tamar Ruseishvili"

"Absent domestic titanium sponge production capacity, the US is completely dependent on imports of titanium sponge and scrap and lacks the surge capacity required to support defense and critical infrastructure needs in an extended national emergency. — IPX Last Disclosure Oct 2024"

"Since Verlinvest's initial investment in March 2014, the Company has grown rapidly in the UK through all major grocers, become the No. 1 gluten-free bread brand in France and developed a strong and growing presence in Germany, Benelux and other international markets. — Verlinvest"

"Due to competitive considerations which are increasing, I will not be providing additional information related to Kratos' UTAP-22 at this time. However, we are making no significant additional investment in the Tornado aircraft at this time. — Kratos CEO (Q1 2016 conference call)"

"Promoters play on your emotions or use high-pressure sales tactics, maybe saying you'll lose the opportunity if you don't act now and discouraging you from taking time to study the company. Leave by the nearest exit. Any company that tries to pressure you to join is one to avoid."

"Dynamic market share utilizes U.S. used vehicle registrations to account for changing market conditions and provides a better representation of market share trends than Carvana's reported "static" market share based on industry sales by market. — 3rd party data analytics provider"