Kicking off the New Year, Vic Bonilla of Jehoshaphat Research joins Zer0esTV to present his short thesis on Premier Inc. (NASDAQ: PINC). Central to his thesis, Vic believes that Premier’s core competency as a healthcare group purchasing organization (GPO) is a fundamentally terrible business and is at risk of further deterioration due to mounting customer losses. While its reported financials present a curious case of unbilled accounts receivable, Jehoshaphat believes the Company has engaged in aggressive accounting maneuvers to inflate revenues, while insiders abandon ship and offload their personal holdings.
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