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  "documentTitle": "PetIQ, Inc. (PETQ)",
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      "text": "Management's flexibility around rebate accounting concerns us given its questionable history with vendor rebates.",
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      "text": "As part of a rebate accounting adjustment, historical COGS levels had to be adjusted upwards by not-insignificant amounts. Why was the accounting surrounding rebates off by such a margin in the first place?",
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