{
  "docId": "019dd923-622c-750b-8b96-9b2e1370023c",
  "docSlug": "3471d675fd68",
  "documentTitle": "OSI Systems, Inc. (OSIS)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-12-06 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 4,
  "pageCount": 19,
  "prevPage": 3,
  "nextPage": 5,
  "slideType": "appendix_disclosure",
  "function": "establish_context",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Includes a pop-culture reference (Robert De Niro in 'Wag the Dog') to frame the narrative of the Albanian government contract.",
  "elementsJson": [
    "photo",
    "paragraph",
    "quote_block",
    "footnote"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b96-9b2e1370023c/4",
  "deckHref": "/decks/019dd923-622c-750b-8b96-9b2e1370023c",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b96-9b2e1370023c.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-9b2e1370023c#slide-4",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "See? They keep to themselves. Shifty. Untrustable.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d2-7501-bd90-0822d12d3a9f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.64,
        "x": 0.18,
        "y": 0.16
      },
      "kind": "image",
      "text": "Robert De Niro reading a newspaper",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "089f081b-e83e-4ebe-8758-8cf1e17ecc99",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.025,
        "w": 0.764,
        "x": 0.118,
        "y": 0.093
      },
      "kind": "paragraph",
      "text": "Substantially all of the documents evidencing these acts is available at the Albanian government portal: http://www.qkr.gov.al/home/",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c6fefd44-6d09-4ba8-b259-1daf931d2ae5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.075,
        "w": 0.764,
        "x": 0.118,
        "y": 0.658
      },
      "kind": "paragraph",
      "text": "Albania awarded OSIS the concession for cargo scanning under a turnkey contract in August 2013. The Albanian government required OSIS to form an Albanian subsidiary to own all rights and obligations of the concession. OSIS formed S2 Albania SHPK on March 19, 2013. OSIS used its wholly-owned subsidiary Rapiscan Systems, Inc. to hold its shares in S2 Albania SHPK.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cf82d9bd-4b59-46db-a762-b20aa1d0f35b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.065,
        "w": 0.53,
        "x": 0.235,
        "y": 0.535
      },
      "kind": "quote",
      "text": "Heche: Why Albania? De Niro: Why not? Heche: What have they done to us? De Niro: What have they done FOR us? What do you know about them? Heche: Nothing. De Niro: See? They keep to themselves. Shifty. Untrustable.",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eda04489-f30c-49d3-a3f4-6c737a5b7251",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Heche: Why Albania? De Niro: Why not? Heche: What have they done to us? De Niro: What have they done FOR us? What do you know about them? Heche: Nothing. De Niro: See? They keep to themselves. Shifty. Untrustable. — Wag the Dog (Film)",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-f5d2-7501-bd90-0fc7e088f581",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.11,
        "w": 0.764,
        "x": 0.118,
        "y": 0.82
      },
      "kind": "source-note",
      "text": "2 http://investors.osi-systems.com/releasedetail.cfm?releaseid=786552 3 S2 Albania SHPK Historical Register 4 100% ownership source: S&P CapitalIQ 5 S2 Albania SHPK Historical Register 6 Per the Historical Register, Rapiscan Systems, Inc. remains the shareholder for OSIS's 51% entity in S2 Albania SHPK.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f14ef23f-4c50-4cdf-8330-9b1c9bf0c604",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 10,
      "from": 3,
      "beatId": "696a39fd-a4a0-4df1-95b0-749b61f2c5ae",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Monster",
      "beatSlug": "overcoming-monster-the-monster",
      "evidence": "Slides 3-10 expose contradictions and corrupt practices in OSIS's concession awards and contracts.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Hook",
      "parentBeatSlug": "hook"
    }
  ],
  "loops": [
    {
      "to": 10,
      "from": 3,
      "name": "The Reveal",
      "slug": "05-the-reveal",
      "bestFor": "Product launches, strategic pivots, unexpected findings",
      "matchId": "e48d74a7-0887-4460-8feb-8ce69ecdf399",
      "evidence": "Slides 3-10 present evidence of OSIS's corrupt practices, fitting the reveal loop.",
      "position": 0,
      "objective": "Expose OSIS's corrupt practices",
      "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
      "confidence": 0.8,
      "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}