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  "docSlug": "3471d675fd68",
  "documentTitle": "OSI Systems, Inc. (OSIS)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-12-06 00:00:00",
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  "notes": "The slide serves as the final conclusion of a research note, explicitly stating the investment stance (short).",
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      "kind": "callout",
      "text": "We are therefore short because this way of doing business just doesn’t seem sustainable.",
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      "kind": "paragraph",
      "text": "It is ironic that a company integral to enforcing the most ticky-tack of rules at security checkpoints seems to pay so little heed to the rules (ahem...laws) governing its conduct of business. We believe the Albania contract resulted from a massive bribe of half the concession value. We believe OSIS's accounts are misstated as a result of this apparent bribe. Mexico looks to be egregiously priced, which certainly raises questions. Former employees painted a reasonably consistent picture of a company operating with disregard for the law. We are therefore short because this way of doing business just doesn't seem sustainable.",
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      "text": "Conclusion",
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      "arcName": "Overcoming the Monster",
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