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  "documentTitle": "Cintas Corp. (CTAS)",
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  "authorName": "Ben Axler",
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      "text": "Analysts Fail To Call Out Fraudulent Business Practices, Greater Oil Industry Exposure, As Risks",
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      "text": "Given that this business has demonstrated to be conducting fraudulent inspections, and new competitors are circling to displace Cintas, we believe it should be valued lower than other businesses.",
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      "text": "P/E multiple: 28.5x",
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      "text": "Sell-side analysts fail to carefully evaluate the nuances between Cintas' various businesses. Notably, as we've demonstrated, the Fire Safety and Inspection business has a very different growth and risk profile. Given that this business has demonstrated to be conducting fraudulent inspections, and new competitors are circling to displace Cintas, we believe it should be valued lower than other businesses.",
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      "text": "Source: RBC and JP Morgan Research",
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