Kicking off the New Year, Vic Bonilla of Jehoshaphat Research joins Zer0esTV to present his short thesis on Premier Inc. (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.